Foreclosures
Home Foreclosures
Menendez, Boxer Reintroduce Bill to Help Responsible Homeowners Refinance
WASHINGTON, D.C. - February 7, 2013 - (RealEstateRama) -- U.S. Senators Robert Menendez (D-NJ) and Barbara Boxer (D-CA) today reintroduced legislation to help millions of responsible homeowners refinance at lower rates and save thousands of dollars eac...
Top 20 Markets for Foreclosure Deals in 2013
WASHINGTON, D.C. - February 6, 2013 - (RealEstateRama) -- Although U.S. foreclosure activity is past its peak, many local markets are still weighed down with a backlog of unsold foreclosure inventory — representing an opportunity for buyers and inves...
Illinois HDA: Governor Quinn Announces 500,000 People Helped Through Illinois Foreclosure Prevention Network
WASHINGTON, D.C. - February 6, 2013 - (RealEstateRama) -- Governor Pat Quinn today announced that, one year after he launched the Illinois Foreclosure Prevention Network (IFPN) in his State of the State address, more than a half-million people have con...
Maxine Waters Urges Congress To Investigate Foreclosure Settlement
Washington, DC - February 6, 2013 - (RealEstateRama) -- The top Democrat on the House Financial Services Committee called Tuesday for Congress to "immediately" hold a hearing to investigate a controversial $8.5 billion foreclosure abuse settlement reac...
Waters Requests Hearing on Termination of Independent Foreclosure Review Process
Washington, DC - February 6, 2013 - (RealEstateRama) -- Congresswoman Maxine Waters, ranking member of the House Financial Services Committee, today sent the attached letter to Jeb Hensarling, chairman of the committee, requesting that he hold a hearin...
Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging at Public...
WASHINGTON, DC - February 5, 2013 - (RealEstateRama) -- A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern Californ...
Attorney General’s Foreclosure Workshops Set for Treasure Valley
Boise - February 5, 2013 - (RealEstateRama) -- The Attorney General's Consumer Protection Division will hold a series of informational presentations in the Treasure Valley on foreclosure issues, Attorney General Lawrence Wasden said today. Housing Spec...
The Problem With Fannie Mae Short Sales
Las Vegas, NV - February 4, 2013 - (RealEstateRama) -- Why is Fannie Mae countering short sale offers so high above market value? For the past few months, short sales with Fannie Mae as the investor are being countered by banks 20 to 30 percent (averag...
Why Are Fannie Mae Short Sale Appraisals So High?
Las Vegas, NV - February 4, 2013 - (RealEstateRama) -- Why is Fannie Mae countering short sale offers so high above market value? For the past few months, short sales with Fannie Mae as the investor are being countered by banks 20 to 30 percent (avera...
Governor Quinn Announces 500,000 People Helped Through Illinois Foreclosure Prevention Network
CHICAGO, IL - February 1, 2013 - (RealEstateRama) -- Governor Pat Quinn today announced that one year after he launched the Illinois Foreclosure Prevention Network (IFPN), more than a half-million people have connected to its free statewide resources t...
Florida-based ‘Robo-Signer’ Settles With Texas, 44 Other States Over Improper Mortgage Servicing
AUSTIN - February 1, 2013 - (RealEstateRama) -- Texas Attorney General Greg Abbott today announced that Texas, 44 other states and the District of Columbia have concluded an extended, nationwide investigation into Florida-based Lender Processing Servic...
State of Ohio Expands Eligibility and Benefits for the Foreclosure Prevention Program
COLUMBUS, OH - February 1, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) today announced expansions to the State of Ohio's foreclosure prevention program, Save the Dream Ohio. Effective February 1, the enhancements to the program an...
HUD SECRETARY ANNOUNCES FORECLOSURE PROTECTION FOR DISPLACED PENNSYLVANIA STORM VICTIMS
WASHINGTON, DC - February 1, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the Commonwealth of Pennsylvania in addition to resources being provided by...
Rep. Cummings, Sen. Warren Launch Joint Investigation of Settlement Ending Independent Foreclosure Review Process
Washington, D.C. - January 31, 2013 - (RealEstateRama) -- Today, Senator Elizabeth Warren (D-MA) and Rep. Elijah E. Cummings (D-MD) sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry seeking documents re...
Peninsula Town Center information
WASHINGTON, D.C. - January 31, 2013 - (RealEstateRama) -- News reports on a foreclosure sale of Peninsula Town Center have raised questions in the community. Since some of those questions are being addressed to Hampton city officials, the city would li...
Statewide Effort Helps More than 10,000 Avoid Foreclosure;
WASHINGTON, D.C. - January 31, 2013 - (RealEstateRama) -- A state-designed foreclosure prevention program made its 10,000th foreclosure prevention loan last month, providing workers who have lost jobs during the downturn a way to save their homes.
Firm that robo-signed foreclosures to pay $120 million
Raleigh: - January 31, 2013 - (RealEstateRama) -- A Florida company that is alleged to have robo-signed foreclosure documents will pay $120 million to North Carolina and 45 other states, fix incorrect documents and change its practices, Attorney Genera...
MADIGAN: $120 MILLION NATIONAL SETTLEMENT REACHED OVER FAULTY FORECLOSURE PRACTICES
Chicago, IL - January 31, 2013 - (RealEstateRama) -- Attorney General Lisa Madigan today joined with 45 of her counterparts to announce a $120 million settlement with Lender Processing Services Inc. (LPS) over allegations that the Florida firm engaged ...
The Elegant Eminent Domain Solution to Negative Equity and Foreclosures
WASHINGTON, D.C. - January 29, 2013 - (RealEstateRama) -- The following is an excerpt from the My Take column that appeared in the January 2013 issue of the Foreclosure News Report. Economists and government officials alike agree that principal should ...
Nevada Short Sales | Will Your Attorney Have Time To Answer Your Questions?
Las Vegas, NV - January 29, 2013 - (RealEstateRama) -- The decision regarding who to hire to short sale your home is an important one. You’ll need someone who is aggressive, knowledgeable and able to get the job done; however, you will also want some...
California: Foreclosure Starts Lowest Since 2006
La Jolla, CA - January 28, 2013 - (RealEstateRama) -- The number of California homeowners pushed into the foreclosure process fell last quarter to the lowest level in six years, the result of rising home values, an improving economy and a shift toward ...
NVAR’s “Face of Foreclosure” report debunks threat of “shadow inventory,” suggests ways lawmakers can...
WASHINGTON, D.C. - January 24, 2013 - (RealEstateRama) -- After studying the foreclosure issue for nearly four years, the Nevada Association of REALTORS® (NVAR) released its latest “Face of Foreclosure” report today, offering recommendations for s...
Property Tax Foreclosure Sale
WASHINGTON, D.C. - January 24, 2013 - (RealEstateRama) -- Doug Lasher, Clark County Treasurer, announced that a Property Tax Foreclosure Auction will be conducted on Friday, February 1, 2013 at 9 a.m. in the 6th Floor Hearing Room, Clark County Public ...
Maryland Foreclosures Rose in 2012, But State’s Rate Remains One of the Lowest in...
Maryland foreclosures rose nearly 20 percent in 2012 as lenders, encouraged by the state’s improving housing market, finally began addressing their backlog of seriously delinquent loans.
Are Cheaper Settlements Coming To Real Estate?
There's going to be less risk in the mortgage marketplace as a result of new rules just released by the government, but will there also be some rewards?
Historic Wisconsin Building to be Sold by Modern Approach
Newport Beach, CA - January 22, 2012 - (RealEstateRama) -- Built in 1909, the historic building at 1800 Jefferson Street is steeped in tradition but a campaign to sell it is every bit modern. Formerly St Luke’s grade school, the Marquette Manor Senio...
Foreclosure Weakness Translates to Home Price Strength
WASHINGTON, D.C. - January 22, 2012 - (RealEstateRama) -- Foreclosure activity in 2012 was a Jekyll and Hyde affair, with the numbers up in 25 states compared to 2011 but down in the other 25 states.
PHFA announces foreclosure help for homeowners in Monroe County
HARRISBURG - January 22, 2012 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency, in collaboration with the American Society of Certified Housing Executives (ASCHE) and the National Real Estate Training Institute (NREI), today announced a da...
Brown To Feds: Don’t Give Special Tax Breaks To Big Banks In Foreclosure Settlement...
CLEVELAND, OH - January 18, 2012 - (RealEstateRama) -- At an event today at Community Housing Solutions with Ohioans who were unlawfully foreclosed on, U.S. Sen. Sherrod Brown (D-OH) released a letter to federal regulators urging them to cancel tax bre...
Reed Applauds CFPB’s New Rules to Restrict “Dual-Track” Foreclosures
WASHINGTON, DC - January 18, 2012 - (RealEstateRama) -- Key provisions championed by U.S. Senator Jack Reed (D-RI) to help protect consumers from questionable mortgage practices will be going into effect as part of the Consumer Financial Protection Bur...
