From Surburban Neighborhood to Trailer Park by Foreclosure

A friend of mine owns a landscaping and hauling business in Northern
California. Lately he has been doing a lot of hauling and cleanup.
He was called to a rather nice community in Northern California to
cleanup multiple homes that are in foreclosure. He noticed a long
line of campers up and down the street and asked what was going on.

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Vote Barack Obama For Positive Change In The United States
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Foreclosure Rates Are Reflected In Real Estate Values of Homes Around The Country

Statistics taken from the Conventional Mortgage Home Price Index and published by Freddie Mac and Fannie Mae display the general increase in home values during the recent U.S. real estate boom, and the decreases during the current real estate bust. The statistics compare one-unit detached, single-family homes in each regional division. Foreclosure rates are reflected in the real estate values of these homes in each region of the United States.

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People Finally Swept Up In Mortgage Fraud Arrests
by Msfinancialsavvy.com

In reading about all of the Mortgage Fraud reports I couldn't figure out why
the gangs, mortgage brokers, mortgage lenders, mortgage investors, lawyers and
the like had not been arrested. We saw some of the largest mortgage fraud in
the history of the United States and all that happened is that a few million
innocent homeowners lost their homes and many big cities are now booming with
former homeowners as homeless.

The following is a quote taken from associated press writers
LARA JAKES JORDAN and ALAN ZIBEL, in conjunction with the FBI reports:

Law enforcement officials said their stepped-up focus on mortgage cases aims to combat problems that have grown out of the risky lending practices prevalent until the mortgage market collapse started last year. Officials have identified 10 "mortgage fraud hotspots" nationwide in California, Colorado, Texas, Minnesota, Michigan, Illinois, Ohio, New York, Georgia and Florida.

To people who have committed fraud or are contemplating doing so, FBI Director Robert Mueller said: "We will find you, you will be investigated and you will be prosecuted."

Those named in the cases include housing developers, mortgage lenders and brokers, lawyers, real estate agents and appraisers, said Sharon Ormsby, section chief in charge of financial crimes for the FBI.

In some cases, gang, drug and organized crime investigations have resulted in mortgage fraud cases because such schemes enable criminals to launder money, Ormsby said.

Mortgage foreclosure rescue scams, which promise to help struggling homeowners stave off foreclosure and keep their homes, also have become a major problem, officials said. Typically, unsuspecting owners sign over their homes and then find they are victims of fraud.

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Read Msfinancialsavvy, to avoid such scams

Update On Ed McMahon And His Multi-Million Dollar Foreclosure Home

I saw Ed McMahon and his beautiful young wife on Larry King. He was
to explain why he is $644,000 behind on the note of his $5 million
dollar home at the age of 85. It was basically, well...stuff happens.

He explained with his two divorces, his accident, and well...he forgot
to mention his third beautiful young wife who had to have a $5 million
dollar home as her first house, but that was about it.

Because of his accident he can't work at the age of 85. Wow! who works
at the age of 85 to support a multi-million dollar mortgage. Anyway,
my heart goes out to him, he has my thoughts and prayers. And, if
anything comes out of this let it be a savvy money lesson for all of
you senior gentlemen out there, that some things are not THAT important.
Save your money, live off of your retirement.

Learn More At Msfinancialsavvy's Retirement Investing

How To Stay Current With Your Money and Debt Survival News

Life is tuff. It's not tuff for some of us; it's tuff for all of us. So,
for those of you who spend a lot time boo-hoeing about your financial status,
you no longer have a reason. Join the crowd of well-wishers, and do something
about your situation.

The answer is simple; it is in Msfinancialsavvy's Advice.
Read more about it here

Msfinancialsavvy

Buying A Foreclosed Home In 2008 May Or May Not Be A Bargain

In past years buying a foreclosed home assured you that 10 years down the
road you could cash out for a considerable profit. Now, with the current
foreclosure crises buyers are more critical of foreclosed homes and they
should be. The recent real estate boom took the price of homes into
the stratosphere. Now that the...
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