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Bank Foreclosures – What are Bank Owned Foreclosures and How to Find the Bank Foreclosure Listings
Bank foreclosures refer to those properties that are repossessed by banks due to payment defaults by the previous owners and are one of the best options to choose while looking for purchasing foreclosures. One of the most sought after real estate properti......

The Role of Commercial and Investment Banks in the Housing Crisis
For all of the bailout money being given to banks, it seems that more credit should be available to potential borrowers or, at the very least, huge Wall Street firms should not have gone out of business or converted to a different type of bank. But this h......

Why does the Loan Modification process take so long?
All banks are different. It can take anywhere from 30 to 90 days for a decision to modify a loan. The reasons for this are varied. Banks originally were not set up with entire loan modification/loss mitigation departments dedicated to handle the large sc......

Repayment Plans Doomed to Fail, Loan Modifications Never Offered to Borrowers in Foreclosure
When homeowners on their own negotiate with a lender for a loan modification to avoid foreclosure, the owners typically end up with a repayment plan instead of a modification. The differences between the two plans, however, could not be more drastic, and ......

Banks Found Guilty Of Foreclosure Fraud
As a result of the recent investigation launched by the Florida Attorney General's office, Bank Of America, GMAC Bank, JP Morgan Chase, and others, have all been found guilty of foreclosure fraud. Depositions by the banks employees revealed that the ba......