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The Home Equity Theft Reporter: CNBC’s “Power Lunch” Interviews Florida Legal Aid Attorney On Lenders’ Failure To Prove Ownership Of Mortgage Loans In Foreclosure Actions

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Mortgage lender Quicken Loans sees record loan volumes. CNBC’s "Power Lunch" team talks with Representative Ro Khanna (D-CA) about Google’s housing grant. CNBC’s Diana Olick reports on how investors are putting money into home equity.

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U.S. household debt composed of mortgages, student loans, auto loans, credit cards, home equity lines of credit, and other consumer loans, is at an all-time high and growing daily. Today, household debt is at a high of $13 trillion and 8 out of 10 Americans carry some type of debt, including mortgages, credit cards, student loans, and auto loans.

The Home Equity Theft Reporter: Jury Convicts South Florida Pair Accused Of Running Sale Leaseback, Equity Stripping Foreclosure Rescue Racket That Swindled Distressed Homeowners After a foreclosure is over, you should usually get at least 90 days’ notice to move out. During and after the foreclosure process, it’s important that you keep paying your rent and keep following the terms of your lease. During a foreclosure, your landlord still owns the property and is responsible for it.

The foreclosure report comes on the same day as the latest S&P Case/Shiller Home Price Index showed home prices falling 12.7 percent in the last 12 months, ending in February.

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