Alliance Legal Blog

Florida America’s Foreclosure Capital

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Florida America’s Foreclosure Capital Florida has reclaimed the title of America’s foreclosure capital. According to RealtyTrac, Florida previously ranked second to Nevada, but the Sunshine State pulled ahead in October 2013. One in every 332 homes in Florida received some type of foreclosure filing in October 2013. […]

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Foreclosure Activity Drops Sharply

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Foreclosure activity in much of the nation now appears to be accelerating downward, dropping 7 percent in a single month according to RealtyTrac.  Foreclosure filings nationwide – default notices, scheduled auctions, and bank repossessions – numbered 150,864 or one in every 869 U.S. housing units in January […]

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Who Owns 10,000 Houses?

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Who Owns 10,000 Houses? While I sit here kicking myself for not owning the stock in catsup maker Heinz (up 20% this morning because of being purchased by Berkshire Hathaway), I managed to remember that it is Valentine’s Day. What is more romantic, really, than a happy household? […]

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Mortgage Rates Recover Modestly

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Mortgage Rates Recover Modestly Mortgage rates moved slightly lower this afternoon after beginning the day in line with yesterday’s worst levels of the year.  Things looked relatively bleak as domestic market participants were greeted with flat trading levels vs Wednesday’s late day weakness and stronger economic data in the […]

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Housing Emerging Bright

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Housing Emerging Bright Even with the unexpected decline in the Gross Domestic Product (GDP) in the fourth quarter of 2012, Freddie Mac’s chief economist Frank E. Nothaft, and deputy chief Leonard Kiefer, see housing as an emerging bright spot.   In the February issue of Freddie Mac’s Outlook […]

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Nevada to Reduce Shadow Inventory

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Citing the overhang of distressed homes as a major stumbling block to recovery, a Nevada official is proposing a new program for reducing it. According to the Associated Press, Bruce Breslow, Director of Nevada’s Department of Business and Industry, wants to use federal and other funds to […]

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