Foreclosures

Washington, DC - October 21, 2010 - (RealEstateRama) -- Congressman Dennis Kucinich (D-OH) today announced that he is preparing legislation to force lenders to halt foreclosures of owner-occupied residential homes until lenders have certified that they have complied with their contractual obligations to try to reduce eligible borrowers’ monthly payments, using one of several government-sponsored foreclosure prevention programs.

COLUMBUS, OH - October 21, 2010 - (RealEstateRama) -- In response to reports that Bank of America plans to restart foreclosures on borrowers in 23 states where issues of possibly fraudulent documentation have been raised, Ohio Attorney General Richard Cordray today offered the following statement:

Westfield, NJ - October 21, 2010 - (RealEstateRama) -- A 53-acre equestrian estate in the heart of horse country in Millstone and two building lots with more than 200 feet of road frontage in Matawan are to be sold at auction in November.

VINCENNES, IN - October 21, 2010 - (RealEstateRama) -- Many homeowners facing foreclosure who are frustrated with their loan servicers turn to for-profit foreclosure consultants whose advertisements often promise any home can be saved from foreclosure and their services are 100% guaranteed. Indiana Attorney General Greg Zoeller today announced the filing of 10 lawsuits against companies making such claims calling them false and illegal, including one complaint which was filed today in Knox County against Integrated Financial Solutions, headquartered in New Jersey.

LINCOLN, NE - October 20, 2010 - (RealEstateRama) -- Attorney General Jon Bruning today announced that as part of a coordinated national effort, Nebraska will review the practice of so-called “robo-signing” within the mortgage servicing industry

TRENTON, NJ - October 20, 2010 - (RealEstateRama) -- Attorney General Paula T. Dow announced today that the owner of several New Jersey loan modification companies has agreed to pay the state $805,000 and stay out of the foreclosure rescue business to resolve allegations he defrauded struggling homeowners who sought help in staving off foreclosure.

WASHINGTON, DC - October 19, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 21 counties in Minnesota and provide support to homeowners and low-income renters forced from their homes following severe storms and flooding last month.

October 19, 2010 - (RealEstateRama) --Please note that the assistance described in this press release will be available statewide in December. If you are not in a pilot county and you have lost your job and are having problems paying your mortgage, the state’s Home Protection Program may be able to help you. Participating local agencies will help determine if you are eligible, help you apply, and can also help you choose the best course of action if you are not eligible.

BALTIMORE, MD - October 19, 2010 - (RealEstateRama) -- Governor Martin O’Malley issued this statement today following the vote of the Standing Committee on Rules of Practice and Procedure to recommend that the Court of Appeals adopt an emergency rule change to foreclosure actions:

Tucson, AZ - October 19, 2010 - (RealEstateRama) -- Rep. Raúl M. Grijalva today announced his call for a full audit of three major mortgage lenders in the wake of revelations about improper foreclosures nationwide based on dubious paperwork and legally suspect lender behavior. Grijalva sent a letter Oct. 15 alongside Reps. John Conyers, Marcy Kaptur and Alan Grayson to the inspector general for the Troubled Assets Relief Program (TARP) asking him to conduct an audit of Fannie Mae, Freddie Mac and GMAC, which together control millions of mortgages around the country.

Washington, DC - October 18, 2010 - (RealEstateRama) -- It has come to the attention of the DC Department of Insurance, Securities and Banking (DISB) that gross irregularities seem to exist in the processing of some home foreclosures in the metropolitan area. These include the use of improper paperwork, flawed and fraudulent documentation, “robo-signing,” excessive attorney fees, illegal mortgage registration, and transfer and wrongful foreclosures.

LANSING, MI - October 18, 2010 - (RealEstateRama) -- Governor Jennifer M. Granholm yesterday called on the nation's top lending institutions that service mortgages in Michigan to suspend all foreclosures pending investigation of possibly fraudulent foreclosure filings. The governor also repeated her call for the nation's top lenders to fully participate in the Michigan's Helping Hardest Hit Homeowners Fund to help homeowners avoid foreclosure

Jackson, MS - October 18, 2010 - (RealEstateRama) -- Attorney General Jim Hood is joining a 49-state bipartisan mortgage foreclosure working group, as part of a coordinated national effort by states to review the practice of so-called robo-signing within the mortgage servicing industry

BOSTON, MA - October 18, 2010 - (RealEstateRama) -- Today, Massachusetts Attorney General Martha Coakley joined with 49 other Attorneys General and state banking and mortgage regulators from 30 states to form a bi-partisan multistate group to explore whether or not individual mortgage servicers have improperly submitted affidavits or other documents in support of foreclosures without first verifying their accuracy.

Augusta, ME - October 18, 2010 - (RealEstateRama) -- Attorney General Janet Mills is joining a coordinated national effort by state regulators and Attorneys General to investigate the practice of so-called “robo-signing” in the mortgage servicing industry.The Mortgage Foreclosure Multistate Group, comprised of state attorneys general in 50 states and state banking and mortgage regulators in thirty states, including Maine, will investigate whether individual mortgage servicers have improperly submitted documents in support of foreclosures. Specifically, the group will look into whether companies misrepresented on affidavits and other documents that they reviewed and verified documentation supporting foreclosure actions. The group will also determine whether companies signed affidavits outside the presence of a notary public or committed other irregularities regarding residential mortgage foreclosures. (See attached joint multistate group statement)

Wilmington, DC - October 18, 2010 - (RealEstateRama) -- Attorney General Beau Biden announced that his office is participating in a coordinated national effort by state Attorneys General and state mortgage regulators to investigate the foreclosure review and verification procedures used by the mortgage servicing industry. Officials from 50 states have joined together to review allegations that affidavits or other documents used in foreclosure proceedings were improperly submitted as well as other issues regarding irregularities or abuses by mortgage lenders and loan servicers. Last week, Biden urged Bank of America, JP Morgan Chase, and Ally Financial to suspend foreclosure proceedings while they review their foreclosure procedures and announced that his office is reviewing the banks’ foreclosure practices. Bank of America responded two days later by halting foreclosure proceedings in all 50 states

October 18, 2010 - (RealEstateRama) -- Since I as an Oregonian started investigating my own personal foreclosure and wanting more research and information on the fraud in Oregon regarding false documents and MERS, I decided to expand my research now into investigative journalism for Oregonians. Not one major law firm has yet to be found in any of the major search engines for MERS Fraud perpetrated upon many unsuspecting homeowners in Oregon State.

McLean, VA - October 15, 2010 - (RealEstateRama) -- Freddie Mac shares the Federal Housing Finance Agency’s commitment to addressing reported deficiencies in some servicers’ foreclosure practices and has been working closely with our regulator to develop the Policy Framework released today. These principles will further protect borrowers’ rights and help rebuild the integrity of the foreclosure process

SEATTLE, WA - October 13, 2010 - (RealEstateRama) -- Washington Attorney General Rob McKenna announced today that his office has uncovered evidence that suggests foreclosure trustees are ignoring consumer protection laws in Washington, adding a new layer to a stack of problems reported in the mortgage-servicing industry. He sent letters today to 52 trustees outlining his concerns and calling on them to suspend any questionable foreclosures in the state.

October 13, 2010 - (RealEstateRama) -- Attorney General John Kroger and the Oregon Department of Consumer and Business Services today announced a multi-state investigation into whether affidavits and other documents have been improperly used as part of the foreclosure process.

COLUMBUS, OH - October 13, 2010 - (RealEstateRama) -- Ohio Attorney General Richard Cordray, who recently filed the first lawsuit in the nation against a mortgage servicer over fraudulent affidavits filed in foreclosure cases, announced today that his office is joining with other state attorneys general in a multi-state investigation of these practices."This is the clearest signal yet to the major mortgage lenders and servicers that they need to take serious measures to fix problems with affidavits," Cordray said. "What we have seen are not mere technicalities, as some suggest; rather, this is about the private property rights of homeowners facing foreclosure and the integrity of our court system, which cannot enter judgments based on fraudulent evidence.

October 13, 2010 - (RealEstateRama) -- Raleigh: Attorney General Roy Cooper’s Consumer Protection Division is reviewing the top 15 mortgage companies’ foreclosure processes to make sure they are fair and legal as part of an ongoing investigation.

BALTIMORE, MD - October 13, 2010 - (RealEstateRama) -- Attorney General Douglas F. Gansler and Commissioner of Financial Regulation Mark A. Kaufman today announced that they will join with 48 other state Attorneys General and financial regulatory agencies in 30 states to review improper foreclosure practices, including the “robo-signing” of affidavits and other required documents

October 13, 2010 - (RealEstateRama) -- Attorney General Jack Conway announced today that his office and attorneys general from 48 other states have formed a multistate group to inquire whether or not individual mortgage servicers have improperly submitted affidavits or other documents in support of home foreclosure actions filed in state court. The facts uncovered in the investigation will dictate the scope of the inquiry

INDIANAPOLIS, IN - October 13, 2010 - (RealEstateRama) -- Indiana Attorney General Greg Zoeller is joining a 50-state bipartisan mortgage foreclosure working group, as part of a coordinated national effort by states through the National Association of Attorneys General (NAAG) to review the practice of so-called "robo-signing" within the mortgage servicing industry

TALLAHASSEE, FL - October 13, 2010 - (RealEstateRama) -- Attorney General Bill McCollum today announced an on-going effort to rein in mortgage servicers and protect Floridians from purported deceptive and unfair practices. Attorney General McCollum, along with 48 other Attorneys General, are part of a multistate effort to stop mortgage loan servicers from allegedly submitting affidavits or signing notices that appear to have procedural defects of either a judicial or non-judicial foreclosure.

October 13, 2010 - (RealEstateRama) -- Attorney General Richard Blumenthal announced today that his office will help lead a multistate investigation into allegedly defective legal documents filed by banks in thousands of foreclosures nationwide.

SAN FRANCISCO, CA - October 13, 2010 - (RealEstateRama) -- Attorney General Edmund G. Brown Jr. announced today that California has joined a coalition of 50 attorneys general and dozens of state banking regulators in a multi-state effort to demand that lenders find solutions to serious and potentially widespread problems in the foreclosure process across the country.

Washington, DC U.S. Senators Blanche Lincoln and Mark Pryor and U.S. Representative Vic Snyder (AR-02) today announced that Arkansas will receive $17,736,991 in U.S. Department of Housing and Urban Development (HUD) funds through the Dodd-Frank Wall Street Reform and Consumer Protection Act that was signed into law in July. The funding will provide loans for homeowners who are behind on their mortgage payments and facing foreclosure.

LITTLE ROCK, AR - October 13, 2010 - (RealEstateRama) -- Attorney General Dustin McDaniel today announced that he has joined a multistate review into possibly improper practices within the mortgage service industry.