You’ve received an eviction notice even though you’ve never missed a rent payment. This dilemma is a growing reality for renters throughout the country who are being pushed out of their residences because their landlords have fallen behind on mortgage payments, reports the Associated Press (“Advice for Renters if Landlord Faces Foreclosure,” Dec. 26, 2008). (more…)

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Homeowners in the United States are on track to see over $2 trillion in home values disappear by year’s end now that one in seven, or 11.7 million, homeowners are currently “under water,” owing more on their mortgages than their homes are worth, according to a report released by real estate website Zillow.com. (more…)

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Half of all troubled homeowners face foreclosure only six months after lenders reduce their monthly mortgage payments, said a top banking regulator when commenting on the state of the housing crisis (“Homeowners Re-defaulting After Getting Aid,” Reuters, Dec. 8, 2008). (more…)

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Fannie Mae and Freddie Mac, the nation’s two largest mortgage holders, have announced that they’re temporarily suspending evictions and foreclosures during the holidays, reports BusinessWeek (“Freddie Mac and Fannie Mae Planning a Foreclosure Holiday,” Nov. 20, 2008). (more…)

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