Man without Mortgage Loses Home in Foreclosure – The Big Picture

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But seven months later, he was surprised to learn that Bank of America had foreclosed on the house, even though Grodensky did not have a mortgage. Grodensky knew nothing about the foreclosure until July, when he learned that the title to his home had been transferred to a government-backed lender.

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What this math – mixing selling prices, mortgage rates, and income levels – badly misses is the big economic picture, especially the ups. Hordes of owners lost homes through foreclosure, creating.

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Homeowners battle banks to stop foreclosures. and win. by. of America to modify their mortgage when Jack lost his job after a local auto parts factory closed.. stopped the foreclosure. "I.

Communication breakdowns within big banks has cause some people to lose their homes by mistake. The problems have occurred even to homeowners involved in the federal mortgage.

He tried for years to keep his northwest Atlanta mansion. But Jermaine Dupri has lost his former home to foreclosure, according to Fulton County legal notices. The producer, songwriter and.

By Mark Ames This past Thursday, a Modesto, California, man whose house was in foreclosure shot and killed the. who died was 45 years old and he appears to have lost his condominium over a $15,000.

“The living wage was not an issue in, say, 1955, when you couldn’t walk down the street in Springfield without. of foreclosure. She first became a member of the group out of necessity – she and her.

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Still, by pretty much any measure, the picture was. as millions faced foreclosure, spiking unemployment left many without savings for a down payment and homebuilders scaled back construction. Just.

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