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Foreclosure Prevention Efforts
By 
Tags: In Nevada, California, Michigan, Florida and Arizona; average home prices have dropped more than 20%. The money will be shared based on a formula that factors in the number of unemployed residents and the net drop in home prices.
Nevada topped the states in foreclosure rate for the 37th straight month with one in every 95 homes getting a foreclosure notice, more than four times the national average
For 2009, Alabama ranked 30th among all states in foreclosure rate, an increase of 156.26% from the year before. Nationally, 2009 was the worse year for foreclosures in US history, with 2.8 million property owners receiving a foreclosure notice.
In Alabama, most foreclosures are non judicial. Few foreclosures make it into the courts unless there is [...]
mortgage fraud reverse mortgage personal finance Deficiency Judgment Default Nationwide Mortgage Licensing System credit cards Short-Fi Jumbo Loan second mortgage Loan Default Short Sale bankruptcy Loss Mitigation Conforming Loan mortgage first time home buyer tax credit Loan to Value Uncategorized Upside Down unemployment Real Life Stories Obama Financial Reform Obama Housing Plan Falling Home Value Refinance Lenders home value Credit Mortgage Revision economic news Loan Modification Foreclosure Help
January 11, 2010 
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