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Bankruptcies, Foreclosures and Modifications - Part of the Mortgage Market Mania

Bankruptcies, Foreclosures and Modifications - Part of the Mortgage Market Mania - Hello guys PERSONAL INJURY LAWYER, In the article you read this time with the title Bankruptcies, Foreclosures and Modifications - Part of the Mortgage Market Mania, we prepared this article for you to read and retrieve information in them. Hopefully the contents of postings. Article Bankruptcy, Article Bankruptcy Attorney, Article Bankruptcy Lawyer, we write this you can understand. Alright, happy reading.

Title : Bankruptcies, Foreclosures and Modifications - Part of the Mortgage Market Mania
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Bankruptcies, Foreclosures and Modifications - Part of the Mortgage Market Mania


The U.S. government statistics showed that over 1 million foreclosures were filed in America in 2010. In 2011, there have already been over 3 million foreclosures filed. Two housing industry records broken two years in a row. Oddly, last year the news bureaus were telling us that the mortgage and housing industry had bottomed out and that the only way to go was up. The numbers tell us otherwise.

Upside Down

As the housing markets continue to settle, much of the value of many homes has settled to such a degree that home buyers are finding themselves with loans worth up to twice the fair market price of their houses. Of course, this devaluation has been the cause of a rush to ease that upside-down status with home loan modifications.

Virginia Bankruptcy Lawyer, GM Bankruptcy, Bronx Bankruptcy Lawyer,

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