June 19, 2013
Foreclosure filings were down 50.5 percent in Colorado metro counties in May, falling year over year to the lowest level recorded during May in any year since the Colorado Division of Housing began collecting monthly totals in 2007. In May, there were ...
Colorado foreclosures drop 50% in May - KGWNThe banks that booted them make no money on all that empty space as it winds through the lengthy foreclosure process. And when neither the banks nor the former owners are around to maintain things, the grass grows high, and the cracks appear, and ...
June 18, 2013
"It has been noted in numerous studies that foreclosure is often the most profitable end result for a servicer that does not own the loan they are servicing. It goes without saying that this is an outright abuse of consumers and government mortgage ...
Bank of America rewarded staff for pushing people into foreclosure - AMERICAblog (blog)OVERLAND PARK, Kan. — Neighbors in one Overland Park, Kan., subdivision say an abandoned house is killing their property value. It's an unsightly mess they've had to withstand for three years. They said they want the city to tear it down. Waist-high ...
The home sits on a quiet stretch of Traylor Drive, with weeds growing on the roof, and a gash on its side. An NBC12 investigation reveals the empty Richmond house is owned by Petersburg City Manager William E. Johnson III. "It's a tragedy really," said ...
For the past four years, Will County has helped struggling families purchase homes in communities hit with foreclosures. The Neighborhood Stabilization Program has put 93 families in homes and helped secure neighborhoods in Bolingbrook, Romeoville, ...
Bank of America is facing a class-action suit from homeowners for allegedly attempting to force people into foreclosure, on purpose. The suit alleges that Bank of America employees were actually rewarded for finding ways to push homeowners into ...
Bank Of America Paid Foreclosure Bonuses While Lying To Homeowners - ThinkProgressThere's a commonly held notion that losing one's home to foreclosure is the final act in a sad drama, that the homeowner has hit bottom and has nowhere to go but up. But thousands of foreclosed-upon homeowners are finding out, years after turning their ...
Freddie Mac Launches New Tool For Distressed Homeowners - MortgageorbWill County courthouse officials have been unable to locate a south suburban restaurant owner involved in a more than $1.75 million foreclosure lawsuit, according to court documents. Marquette Bank filed the lawsuit against the Orland Park-based owner, ...
The official also said that a majority of cases are handled over the phone, or online, and only about 10% of the people actually walk into HUD offices. Besides, not all of the offices, including Tampa's, even have foreclosure experts. But nonprofit ...
He said it parallels nearly word for word a Springfield law that has held up against bank lawsuits and said the certificate issuance requirement gives banks a document they can take to court, if necessary, to prove they tried to find an alternative to ...
June 17, 2013
In recent months, the Inland Empire real estate market has been steadily improving. Duane Koerner says there is so much construction work, he's having trouble finding workers for all the jobs. However, according to foreclosure company RealtyTrac, ...
Will County courthouse officials have been unable to locate a south suburban restaurant owner involved in a more than $1.75 million foreclosure lawsuit, according to court documents. Marquette Bank filed the lawsuit against the Orland Park-based owner, ...
The dramatic decline in Dallas-Fort Worth area home foreclosures shows no sign of slowing. For next month's foreclosure auctions, 45 percent fewer homes are facing forced sales in the four-county area, according to the latest statistics from ...
Japan Eased Short-Sale Rules Become Permanent in November. By Eleni Himaras - 2013-06-18T00:51:02Z. Rules making it easier for investors to short Japanese stocks will become permanent in November, according to the nation's markets regulator.
Shaquell Heyliger walks his dog up Main Street in Binghamton passing a crumbling Masonic Temple. A Florida-based company that owns the building entered into an agreement with Broome County to pay back taxes owed on the property. / FILE PHOTO ...
Indicating a continuous strengthening of housing prices, the foreclosure market report – released by RealtyTrac – depicted a marginal rise in overall foreclosure activity in May 2013. According to this leading online marketplace of foreclosure ...
Shaquell Heyliger walks his dog up Main Street in Binghamton passing a crumbling Masonic Temple. A Florida-based company that owns the building entered into an agreement with Broome County to pay back taxes owed on the property. / FILE PHOTO ...
Bert Sheeks, the contract employee, was instructed “to find any pretext” to justify closing outstanding loan modification applications, “even in cases where we knew the borrower had, in fact, responded with complete documents.” Erika Brown “was ...
Bank of America gave bonuses for hitting foreclosure quotas, suit alleges - Business Journal (blog)When New York State Senator John Sampson was arrested last month for allegedly embezzling $440,000 from foreclosure sales, the curtain pulled back on a little known corner of the state's justice system – the job of foreclosure referee. These are the ...
NY attorneys appointed to handle foreclosure sales come under scrutiny - Housing WireLenders were barred from foreclosing while a borrower was applying for a loan modification. Bank representatives notarizing documents had to personally review all relevant information. Lenders were required to provide timely information on the status ...
June 16, 2013
On Wednesday, the House Financial Services Committee passed a package of foreclosure bills that will set Michigan back decades in its efforts to prevent foreclosures and the damage they cause to families, neighborhoods, communities and our still ...
RHONJ star Jacqueline Laurita has been facing foreclosure on her home ever since she missed a mortgage payment with a contract that allowed the bank to then demand the house's full payment. Hudson City Savings reportedly sued to foreclose on her ...
Did 'Real Housewives of New Jersey' star save her mansion from foreclosure? - Examiner.comThe old saying that home prices never fall obviously wasn't true. But in the following video, Fool contributor Matt Thalman discusses why the "strategic foreclosure" may not have been the smartest thing to do for the millions of homeowners who could ...
In a short sale, lenders allow struggling homeowners who can't afford to pay the mortgage to sell the home for less than what is owed as an alternative to a foreclosure. For buyers like the Mulligans, in their 30s, it can be a chance to get more house ...