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Author Archives: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

Foreclosures at Record Levels in Wisconsin

Foreclosure filings in Wisconsin continued at record paces during the month of September, according to the latest figures released from ForeclosuresWI.com. September foreclosure filings totaled 2,021, bringing the year-to-date filings in the state to 18,160.

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Justice Department Opened 151 Mortgage Fraud Cases in Last Year

The federal Justice Department has opened 151 criminal mortgage fraud cases since October 2007, according to a study by the records clearinghouse organization at Syracuse University. The Wall Street Journal reported that the Federal Bureau of Investigation (FBI) is handling about half of the cases.

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First American Reaches BPO Milestone, Launches New Valuation Solution

The demand for broker price opinions (BPOs) is on the rise, as lenders and default managers trying to avoid foreclosures try to negotiate more short sales or workout deals with borrowers. Not only do BPOs provide servicers with comparable sales to value a house, but often they give them the probability of selling a home under current market conditions.

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Foreclosure Trackers Sets Up Agent Network

At the California Realtor Expo this week, Foreclosure Trackers Inc. (FTI) announced the launch of its Real Estate Agent Network. Now more than ever, Realtors are trying to generate viable leads that will result in sales, explained Robert Lee, CEO of Foreclosure Trackers.

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REDC Sells $165M REOs in Bi-Coastal Auction

REDC recently announced the results of a bi-coastal REO auction tour in two states that have been the hardest hit by foreclosure and the housing crisis – Florida and California. The company said thousands of prospective buyers attended its dual East and West Coast auction series throughout Florida and Northern California, resulting in sales of $165.

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