Foreclosures

Foreclosures

Top Democrats Introduce Legislation to Protect Military Families from Foreclosure

WASHINGTON, D.C. - May 8, 2013 - (RealEstateRama) -- Today, Reps. Elijah E Cummings, Mike Michaud, Adam Smith, Susan Davis, Mark Takano, and John Tierney, the Ranking Members of the Committee on Oversight and Government Reform, the Committee on Veteran...

Attorney General Pam Bondi’s Statement on National Mortgage Settlement Servicing Standards

TALLAHASSEE, FL - May 7, 2013 - (RealEstateRama) -- Attorney General Pam Bondi released the following statement regarding the National Mortgage Settlement Servicing Standards

New CBO Report Concludes that Principal Reduction Programs Benefit U.S. Taxpayers, Homeowners, and the...

Washington, DC - May 2, 2013 - (RealEstateRama) -- Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, released a new report from the nonpartisan Congressional Budget Office (CBO) concluding that im...

Rep. Keith Ellison on Nomination of Mel Watt to Oversee Federal Housing Finance Agency

MINNEAPOLIS - May 2, 2013 - (RealEstateRama) -- Rep. Keith Ellison (D-MN), Member of the House Financial Services Committee and Chief Deputy Whip, released the following statement after President Obama announced his intent to nominate Rep. Mel Watt (D-...

Rep. Miller Applauds Federal Grants to Promote Affordable Housing in Richmond

WASHINGTON, DC - April 29, 2013 - (RealEstateRama) -- The Community Housing Development Corporation (CHDC) of North Richmond will receive $145,720 in federal grants to promote affordable housing and bolster foreclosure counseling, U.S. Rep. George Mill...

Idaho Supreme Court: MERS Meets Definition of Beneficiary

Reston, Virginia - April 26, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a five-justice panel of the Idaho Supreme Court unanimously affirmed a lower court decision in favor of Mortgage Electronic Registration Systems, Inc. ...

AG Coakley Reminds Homeowners Eligible for Loan Modifications Under New Law to Seek Assistance...

BOSTON - April 26, 2013 - (RealEstateRama) -- Thousands of Massachusetts residents at risk of foreclosure are receiving notices in the mail alerting them to their eligibility to request a loan modification, Attorney General Martha Coakley announced tod...

Cummings Introduces Bill to Create “Independent Monitor” to Oversee Settlement for Illegal Foreclosures and...

Washington, D.C. - April 25, 2013 - (RealEstateRama) -- Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, announced the introduction of H.R. 1706, The Mortgage Settlement Monitoring Act of 2013, t...

CalHFA Awarded Nearly $1.3 Million to Provide Counseling for Struggling Homeowners

SACRAMENTO - April 25, 2013 - (RealEstateRama) -- The California Housing Finance Agency (CalHFA) today announced that it will receive nearly $1.3 million in additional federal dollars to provide free counseling to homeowners struggling to avoid foreclo...

McNerney Introduces the Home Act to Help Homeowners Avoid Forclosure

WASHINGTON, D.C. - April 25, 2013 - (RealEstateRama) -- Congressman Jerry McNerney (D-Stockton) introduced the Housing Opportunity and Mortgage Equity (HOME) Act of 2013 to help underwater homeowners avoid foreclosure. The HOME Act will help lower hom...

Golden State Foreclosure Starts Lowest Since Late 2005

WASHINGTON, D.C. - April 23, 2013 - (RealEstateRama) -- The number of California homeowners entering the foreclosure process plunged to the lowest level in more than seven years last quarter. The unusually sharp drop in the number of mortgage default n...

CT REIA May 2013 Meeting – Make Big Profits With Abandoned Properties

West Hartford, CT - April 22, 2013 - (RealEstateRama) -- Reggie Brooks teaches a person how to find "abandoned/distressed properties", find the owners, and structure a transaction that is mutually beneficial to both parties. You will learn how to "auto...

Can I Short Sale My Home and Buy It Back?

Las Vegas, NV - April 22, 2013 - (RealEstateRama) -- One of the most common questions we're asked is, "Can I stay in my home after the short sale is complete?" Many Realtors and even some Attorneys claim they can sell your home to an investor (i.e. Cas...

OHFA Board Awards $1.4 Million for Affordable Housing in Lucas, Ross and Defiance Counties

COLUMBUS - April 19, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board approved more than $1.4 million through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing de...

Attorney General Kamala D. Harris Announces $9.4 Million in California Homeowner Assistance Grants

SAN FRANCISCO, CA – April 19, 2013 – (RealEstateRama) — Attorney General Kamala D. Harris today announced California’s National Mortgage Settlement Grant Program has awarded $9.4 million to 21 organizations in order to assist Califo...

State Housing Finance Agency Receives Two Federal Grants to Help Homeowners Keep their Homes

CHICAGO, IL - April 18, 2013 - (RealEstateRama) -- The Illinois Housing Development Authority (IHDA) today announced it received a $2.7 million National Foreclosure Mitigation Counseling Program (NFMC) grant, the second-highest award in the nation. In ...

OHFA Receives $1.07 Million Grant to Continue Supporting Foreclosure Counseling Across Ohio

COLUMBUS - April 18, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) has been awarded $1,074,039 through the National Foreclosure Mitigation Counseling (NFMC) program to continue supporting the availability of foreclosure counseling a...

Legislation Streamlining the PRE Filing Process for Lenders on Foreclosures on the Move

WASHINGTON, D.C. - April 17, 2013 - (RealEstateRama) -- With the passage of the Principal Residence Exemption (PRE) Enhancement legislation last year, lenders were able to retain the PRE on a foreclosed property, but they must still pay the 18 non-home...

Menendez Applauds Actions to Help NJ Homeowners Impacted by Hurricane Sandy

WASHINGTON, DC - April 15, 2013 - (RealEstateRama) -- U.S. Senator Robert Menendez, Chairman of the Senate Subcommittee on Housing, today praised HUD Secretary Donovan for moving forward on a series of measures to allow New Jersey homeowners impacted S...

Application Period Opens for $5 Million Abandoned Housing Grant Program

BOSTON - April 12, 2013 - (RealEstateRama) -- In an effort to increase the rehabilitation of distressed and abandoned properties in Massachusetts, Attorney General Martha Coakley today opened the application period for a $5 million grant program. Utili...

Attorney General J.B. Van Hollen, The Metro Milwaukee Foreclosure Mediation Program, Milwaukee County Chief...

MILWAUKEE - April 11, 2013 - (RealEstateRama) -- Attorney General J.B. Van Hollen, Executive Director/Chief Mediator Debra Tuttle from the Metro Milwaukee Foreclosure Mediation Program (MMFMP), Milwaukee County Circuit Court Chief Judge Jeffrey Kremers...

Rep. Cummings, Sen. Warren to OCC and Federal Reserve: Illegal Foreclosures are Not ‘Corporate...

Washington, DC - April 11, 2013 - (RealEstateRama) -- Today, Senator Elizabeth Warren, Member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep. Elijah E. Cummings, as the top Democrat on the House Committee on Oversight and Gove...

Letter Challenges Decision to Withhold Documents from Congress on

Washington, DC - April 11, 2013 - (RealEstateRama) -- Today, Senator Elizabeth Warren, Member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government ...

Maloney urges faster checks to homeowners, monthly updates on mortgage settlements in letter to...

WASHINGTON, D.C. - April 8, 2013 - (RealEstateRama) -- Rep. Carolyn Maloney (D-NY), senior member of the House Financial Services committee and Ranking Member of its Capital Markets Subcommittee, today wrote the Comptroller of the Currency and the Chai...

New Housing Report finds NYC’s Home Prices Rose Modestly in Final Quarter of 2012;...

WASHINGTON, D.C. - April 3, 2013 - (RealEstateRama) -- New report from NYU's Furman Center for Real Estate and Urban Policy finds New York City home prices rose two percent in the final quarter of 2012, while foreclosure activity increased 53 percent o...

AG Kilmartin Announces $1 .5 Million Grant to Rhode Island Housing to Ai d...

WASHINGTON, D.C. - April 3, 2013 - (RealEstateRama) -- Following up on last week’s announcement of a $150,000 grant to Housing Action Coalition of Rhode Island, Attorney General Peter F. Kilmartin today announced a $1.5 million dollar grant to Rhode ...

Help for Homeowners Facing Threat of Foreclosure

Conn. - April 3, 2013 - (RealEstateRama) -- Casa, Dom, La Maison, Home...Connecticut’s Emergency Mortgage Assistance Program (EMAP) may be the key to help you keep it. Connecticut Housing Finance Authority (CHFA) is accepting applications for the Eme...

Waters Introduces Legislation to Rehab Foreclosed, Vacant, and Abandoned Properties

WASHINGTON, D.C. - March 28, 2013 - (RealEstateRama) -- Congresswoman Maxine Waters, Ranking Member of the House Committee on Financial Services, introduced the Project Rebuild Act of 2013 on Thursday afternoon. This legislation would provide funding f...

Senator calls for more scrutiny of Florida’s program to help homeowners avert foreclosure

TALLAHASSEE - March 28, 2013 - (RealEstateRama) -- Florida’s senior U.S. senator has called on President Obama’s special inspector general to investigate mismanagement and inaction by Florida officials administering the state’s $1 billion share o...

The Mississippi Mortgage Foreclosure Prevention Consortium created by Attorney General Jim Hood begi

WASHINGTON, D.C. - March 27, 2013 - (RealEstateRama) -- “I created this consortium so our residents dealing with foreclosure issues could get free counseling and legal assistance, including re-financing and loan modification assistance,” said Attor...

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Mayor London Breed Celebrates Groundbreaking of New Affordable Housing in the...

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families