Foreclosures
Home Foreclosures
MADIGAN: ILLINOIS IN TOP 5 STATES FOR RELIEF TO HOMEOWNERS FROM NATIONAL FORECLOSURE SETTLEMENT
Chicago, IL - November 19, 2012 - (RealEstateRama) -- In responding to the second report issued by the national foreclosure settlement’s independent monitor, Attorney General Lisa Madigan today outlined the direct relief Illinois borrowers have recei...
A.G. Schneiderman To Wells Fargo: Reverse Policy That Denies Foreclosure Relief In The Wake...
NEW YORK, NY - November 19, 2012 - (RealEstateRama) -- Attorney General Eric T Schneiderman today warned Wells Fargo to reverse a new policy that temporarily suspends review of mortgage relief applications from New York homeowners, many of whom are sti...
AG Kilmartin Reports on National Mortgage Settlement Progress
November 19, 2012 - (RealEstateRama) -- Attorney General Peter F. Kilmartin today reported on the progress made by the five mortgage service providers (Ally/GMAC, Bank of America, Citi, JPMorganChase, and Wells Fargo) at the center of the National Mort...
Mortgage Delinquency and Foreclosure Rates Decreased
WASHINGTON, D.C. - November 15, 2012 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the third quarte...
FORECLOSURE DIVERSION PROGRAM NOTICE AND OPPORTUNITY FOR COMMENT
November 15, 2012 - (RealEstateRama) -- The Foreclosure Diversion Program (FDP) is considering implementation of a policy to address potential conflicts of interest for FDP mediators in the context of foreclosure diversion mediation.
Menendez Calls for the Immediate Suspension of Foreclosures & Evictions for All New Jersey...
WASHINGTON, DC - November 14, 2012 - (RealEstateRama) -- U.S. Senator Robert Menendez (D-NJ) today called on the New Jersey Attorney General to issue a moratorium that would suspend foreclosure sales and evictions, delay the initiation of any foreclos...
FTC Begins Refund Process for Consumers Harmed by Mortgage Foreclosure ‘Rescue’ Scheme
WASHINGTON, D.C. - November 12, 2012 - (RealEstateRama) -- To help Spanish-speaking consumers recover money lost to a scam that promised to stop foreclosure or obtain mortgage loan modifications, the Federal Trade Commission mailed claim forms this wee...
Governor Cuomo Announces Major State Banks and Mortgage Servicers Offering Relief for Home Mortgage...
Albany, NY - November 7, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that several major state-chartered banks and mortgage servicers have agreed to offer relief for home mortgage borrowers in the areas affected by Storm Sandy, i...
PHFA recognizes outstanding quality of work done by the state’s housing counselors
HARRISBURG - November 7, 2012 - (RealEstateRama) -- The Pennsylvania Housing Finance Agency today celebrated the work of the state’s housing counselors with an awards ceremony at the Hilton Harrisburg. The state’s private sector counseling agencies...
HUD SECRETARY ANNOUNCES FORECLOSURE PROTECTION FOR DISPLACED RHODE ISLAND STORM VICTIMS
WASHINGTON, DC - November 6, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Rhode Island and provide support to homeowners and low-income ...
Two Florida Residents Sentenced for Roles in Foreclosure Rescue Scheme
WASHINGTON, D.C. - November 5, 2012 - (RealEstateRama) -- Lisa Wright, 46, and Cathy Saffer, 52, of Pompano Beach, Fla., were sentenced today to serve 66 and 60 months respectively for defrauding homeowners and mortgage lenders as part of a foreclosure...
Foreclosure Prevention seminars available for homeowners
November 2, 2012 - (RealEstateRama) -- The Macomb County MSU Extension will be holding two informational Foreclosure Prevention seminars during the month of November for all interested homeowners.
Attorney General McGraw Sues Texas Firm, Murray LLP, to Halt Exploration of Consumers Who...
CHARLES TOWN - November 2, 2012 - (RealEstateRama) -- In April, 49 state attorneys general finalized an historic $25 billion settlement with the five largest mortgage servicers, intended to end the abuses that drove tens of thousands of consumers into ...
FHFA Statement on REO Pilot Transactions
WASHINGTON, D.C. - November 2, 2012 - (RealEstateRama) -- "The Federal Housing Finance Agency (FHFA) is encouraged by the results of Fannie Mae's first Real Estate Owned (REO) pilot transactions and remains committed to pursuing efforts that build upon...
Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging at Public...
WASHINGTON, DC - November 1, 2012 - (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...
HUD SECRETARY ANNOUNCES FORECLOSURE PROTECTION FOR NEW YORK STORM VICTIMS
WASHINGTON, DC - October 31, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of New York and provide support to homeowners and low-income rent...
Illinois Wins National Housing Award for Program that Helps Homebuyers, Rebuilds Communities Hit by...
CHICAGO, IL - October 29, 2012 - (RealEstateRama) -- As communities across the country look for ways to rebuild in the aftermath of foreclosures, a number of them in Illinois are getting a boost from an innovative program that has been recognized for e...
Illinois Hardest Hit Program Helps 5,000th Homeowner Protect Home from Foreclosure
CHICAGO, IL - October 29, 2012 - (RealEstateRama) -- When James Thomas Henry lost his job a year after buying a new townhouse, the suburban Bloomingdale resident feared he might also lose his home because he wouldn’t be able to make his mortgage pa...
Foreclosures Drain $2 Trillion from Neighboring Homes, Half from Neighborhoods of Color
WASHINGTON, D.C. - October 24, 2012 - (RealEstateRama) -- Foreclosures across the United States have drained nearly $2 trillion in property value from surrounding households, more than half of it from African-American and Latino homeowners, a new study...
Congresswoman Wilson Connects Homeowners with Federal Foreclosure Assistance Programs
MIAMI, FL - October 23, 2012 - (RealEstateRama) -- Congresswoman Frederica Wilson (D-Fla.) will hold a foreclosure prevention workshop on Wednesday, October 24, 2012, from1:00pm to 8:00pm at The Fountain of New Life Church, 4601 NW 167th Street, Miami ...
MADIGAN ANNOUNCES $620,000 GRANT FROM NATIONAL FORECLOSURE SETTLEMENT FUNDS FOR ONLINE LEGAL AID RESOURCES
Chicago, IL - October 19, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today announced that $620,000 in funding from the national foreclosure settlement has been awarded to Illinois Legal Aid Online
Disabled Couple Increases Income to Save Home from Foreclosure
Washington, DC - October 12, 2012 - (RealEstateRama) -- No one wants to lose their home to foreclosure, but finding the extra money to meet loan obligations can be challenging, particularly if hindered by serious medical issues. Michael and Lora Zook, ...
NeighborWorks America Partners with Capital One to Support Home Ownership and Neighborhood Stabilization
$175,000 Capital One Foundation Grant to Promote Nonprofit Training, Launch Initiative Encouraging Private Sector Investment in Neighborhoods with High Foreclosure Rates Washington, D.C., (Oct. 10, 2012) – NeighborWorks America, one of the nation’s...
DFI Charges 40 Companies In Continuing Efforts To Combat Mortgage Foreclosure Rescue Scams
OLYMPIA - October 10, 2012 - (RealEstateRama) -- The Consumer Services Division of the Washington State Department of Financial Institutions (DFI) announced today they have filed 40 Statements of Charges against businesses preying on Washington homeown...
SARs Regarding Foreclosure Rescue Scams Increase
VIENNA, VA - October 9, 2012 - (RealEstateRama) -- Suspicious activity reports (SARs) regarding foreclosure rescue scams continued to grow in the first half of 2012, even as the total number of SARs indicating mortgage loan fraud (MLF) declined, the Fi...
Foreclosure Prevention seminars available for homeowners
October 8, 2012 - (RealEstateRama) -- The Macomb County Michigan State University Extension (MSUE) will be holding two informational Foreclosure Prevention seminars during the month of October which will be free to all homeowners.
Schuette Announces 23 to 40 Year Prison Sentence For Westland Man Guilty Of Foreclosure-Rescue...
LANSING, MI - October 4, 2012 - (RealEstateRama) -- Attorney General Bill Schuette today announced a 23 to 40 year prison sentence for a Westland man who ran an extensive foreclosure-rescue fraud operation that may have scammed up to 400 victims. Rick...
Assistant Attorney General Thomas E. Perez Speaks at the Chicago CityLIFT Program Annoucement
WASHINGTON, D.C. - October 3, 2012 - (RealEstateRama) -- Good morning, and thank you for that generous introduction. I am honored to be here with Attorney General Madigan, who has been a national leader among state attorneys general in the wake of the ...
Philadelphia Foreclosure Rescue Scammers Sentenced to Serve Time in Prison
PHILADELPHIA - October 2, 2012 - (RealEstateRama) -- Anthony J. DeMarco III, 33, of Conshohocken, Pennsylvania, was sentenced today to serve 25 years in prison for conspiracy and fraud charges in connection with a mortgage fraud scheme involving more t...
DC Homeowners Eligible for a Foreclosure Settlement Will Receive Claim Forms in the Mail
WASHINGTON, D.C. - October 2, 2012 - (RealEstateRama) -- The Department of Insurance, Securities and Banking said 1,475 local borrowers who lost their homes to foreclosure between 2008 and 2011 may be eligible for restitution and will receive claim for...
