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Builders of N.Y. mosque face financial hurdles
The developers planning to build a $100 million Islamic center near the World Trade Center site are nearly a quarter-million dollars behind on real estate taxes and late fees.

World Trade Center - Islam - Real estate - New York City - September 11 2001
Pending home sales rise 5.2% in July
The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak.

Contract - Business - National Association of Realtors - Residential Housing - Construction and Maintenance
Homeowners feel stress of life 'underwater'

A broad swath of homeowners — those not headed for the worst-case scenario of foreclosure — are nonetheless grappling with the impact of lost home equity.

Foreclosure - Real estate - Business - Investing - Mortgage loan
Banks to allow local groups to buy foreclosures
Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.

Foreclosure - United States - Local government - Non-profit organization - Real estate
Mortgage applications rise 2.7% on low rates
Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments.

Mortgage - Loan - Business - Financial services - United States