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Home Price Decline Slowed In October

Home prices across the country entered their ninth consecutive month of depreciation in October, but October’s 10.4 percent decline from one year ago is better than September’s 11.2 percent decline, and early data for November predicts an even smaller decline of 9.

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More Homeowners Turning to Short Sales to Avoid Foreclosure

National Short Sale Center, a Scottsdale, Arizona-based company that assists lenders, real estate agents, and homeowners nationwide in short-selling properties for maximum value, has announced that short sales in 2008 hit an all-time high in Arizona, Nevada, California and Florida.

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AP Study: Bailed-out Bank Execs Took in $1.6B

According to a recent study by the Associated Press:http://www.associatedpress.com, banks that are now receiving bailout money from taxpayers, awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year.

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ForeclosureS.com: Housing Markets Will Roar Back in 2009

The nation’s foreclosure hemorrhage has finally slowed and 2009 should see a significant decline in foreclosures as buyers return, pushing home prices up and fueling a real estate recovery, according to the 2009 Outlook from California-based ForeclosureS.

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Ohio Sheriff Refuses Winter Evictions

Sheriff Richard Jones of Butler County, Ohio, is refusing to evict homeowners or tenants in his jurisdiction who have been foreclosed on and have no other place to live. The sheriff sent a letter to Ohio Gov.

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Acqura Launches E-Modifications

Vantium Capital Inc., a private equity fund that invests in undervalued mortgage assets, announced today that its specialty servicing unit, Acqura Loan Services, has begun offering electronic loan modifications, or e-mods, to delinquent borrowers in an effort to improve and accelerate borrower acceptance and reduce loan modification timelines.

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