The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage companies to help people stay in their homes, officials say. Foreclosure – United States – Presidency of Barack Obama – Mortgage – Business

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U.S. to lean on mortgage companies

Newly released statistics give a clearer picture of the magnitude of Horry County’s real estate meltdown, with year-over-year sales plunging by more than 80 percent in some census tracts – and the fallout from declining home values is forcing one local bank to quickly raise cash or consider a merger to comply with orders from federal regulators.

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Banks reel from real estate deals in Myrtle Beach area (The Myrtle Beach Sun News)

As foreclosure casualties mount, the Obama administration is expected to announce additional steps on Monday to get long-term help for troubled borrowers.

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Obama to push banks on mortgages

Coming three and four years after the alleged crimes, charges filed against seven defendants in mid-November highlight the complexities of real estate fraud investigations and the relatively small percentage of suspicious transactions that result in prosecutions, according to authorities and people in the local real estate industry.

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REGION: Real estate fraud difficult to prosecute (The Californian)

Coming three and four years after the alleged crimes, chargesfiled against seven defendants in mid-November highlight thecomplexities of real estate fraud investigations and the relativelysmall percentage of suspicious transactions that result inprosecutions, according to authorities and people in the local realestate industry.

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REGION: Real estate fraud difficult to prosecute (North County Times)

If you’ve been waiting for years to afford a Fort Lauderdale real estate home, now you can through the first-time homebuyer credit. You might have heard of this as the stimulus package introduced in February 2009. This act gives up to $8,000 credit to first-time homebuyers like you.

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Fort Lauderdale Real Estate Homebuyer Significant Details of the First-Time Buyer Credit (Turks.US)

In the current economic crunch, it is no surprise that home-sellers from all over the country are experiencing the same crisis in the real estate market.

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Miami Real Estate Home Selling Tips for Cooperative Sellers in a Competitive Market (Turks.US)

There are lot of things first-time homebuyers need to know before embarking in the real estate voyage and sailing through a sea of properties.

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Closing Brass-Tacks You Should Know When Buying Aventura Real Estate Home (Turks.US)

We can never deny the fact that Florida real estate market is one of the hardest hit during the economic disaster that the US felt during the past couple of years.

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The 2009 Year-End Florida Real Estate Market Figures (Turks.US)

South Lee County real estate transactions reported from Nov. 16-20, 2009. Click on link at left to view the entire list of sales.

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South Lee County Real Estate Transactions from Nov. 16-20, 2009 (Marco Eagle)