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Smart Budgeting Tips for Homeowners on the Brink of Bankruptcy

Realty Biz

But in today’s unpredictable economy, it’s easy even for homeowners to find themselves on the brink of bankruptcy. According to the most recent numbers, bankruptcies rose 10% last year. Being on the brink of bankruptcy isn’t the same thing as actually being bankrupt — not even close. But don’t lose hope.

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NAR runs out of liability insurance coverage: Sources

Housing Wire

The liability insurance, which is offered through insurance provider Chubb , is designed to cover antitrust claims, but the policy limit is $1 million per policy. So your only leverage in negotiating the settlement is, ‘We’ll just file bankruptcy.’” That this is an enormous issue is understating things.”

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Celink files objection seeking dismissal of fees lawsuit

Housing Wire

However, when that was attempted, the judge denied the motion by saying that “such case may not be properly designated as related to the instant action.” In response to the recent recommendation by a magistrate judge against the dismissal of Dancy-Wilkins v.

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The Chemosphere House and 6 other striking John Lautner-designed homes

Fancy Pants Homes

You don’t have to be an architecture buff to recognize a house designed by John Lautner. Yet their designs couldn’t be more different. In the 1930s, Lautner made the move to California, where he kickstarted an extremely prolific career, designing more than 50 properties.

Design 98
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The risk of zero-down loans while the Fed talks recession

Housing Wire

The entire system has to be designed to inflate the price over time. Are we really doing those types of loans and promoting homeownership again without understanding the risks? First, to explain my logic here, I need to express what I believe housing is: “ Housing is the cost of shelter to your capacity to own the debt.

Loans 543
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This global investment firm wants to become a non-QM rainmaker

Housing Wire

The new REMIC, Mill City Loan Holdings LLC , will serve as a mortgage conduit for funds managed by CarVal while also developing relationships with originators to acquire “residential mortgage assets across multiple strategies,” according to a CarVal statement announcing the launch of the REMIC, which will do business as Mill City Loans.

Banks 381
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CoStar and private equity group battle for CoreLogic

Housing Wire

After its filing of bankruptcy in February, Rentpath , which owns Rent.com, ApartmentGuide.com, Rentals.com and Lovely.com, agreed to sell to CoStar for a reported $558 million. If CoStar were to close the deal, it would be the largest acquisition the Washington, D.C. As of Thursday, CoreLogic’s stock closed at $76.79

Equity 376