Foreclosures

TRENTON, N.J. - October 13, 2010 - (RealEstateRama) -- The Christie Administration announced today that New Jersey will receive an additional $188 million in federal funding for anti-foreclosure assistance to help struggling homeowners. The additional funding means that $300 million is now available for homeowners facing foreclosure.

Joppa, MD - October 12, 2010 - (RealEstateRama) -- Congressman C.A. Dutch Ruppersberger (D-MD) is calling for an immediate stop to foreclosures in Maryland. Congressman Ruppersberger joined Maryland leaders in a letter to the Maryland Court of Appeals asking for a 60-day moratorium on foreclosures. The financial institutions are accused of filing faulty paperwork and not properly reviewing documents for accuracy. Click here to read the letter.“The allegations against several big banks are troubling. A temporary halt to foreclosures in Maryland will allow the process to be properly reviewed to ensure that Maryland families are not being unfairly evicted from their homes,” said Congressman C.A. Dutch Ruppersberger (D-MD).

ANNAPOLIS, MD - October 12, 2010 - (RealEstateRama) -- Governor Martin O’Malley joined Maryland’s Congressional delegation today in a letter to Chief Judge Robert Bell, Maryland Court of Appeals, requesting that courts take appropriate action to halt all foreclosures in Maryland temporarily, until Maryland homeowners can be assured they are being treated fairly. In recent days, several lenders have acknowledged that they have failed to follow proper procedures by filing affidavits in foreclosure cases without adequate personal knowledge of the underlying cases. Yesterday, Bank of America announced a halt in all foreclosure proceedings nationwide while it reviewed its internal processes.

October 12, 2010 - (RealEstateRama) -- On Monday, Oct. 11, 2010, the Michigan State Housing Development Authority (MSHDA) will announce that it has provided counseling to 17,000 Michigan families since 2008 thanks in part to funding from the National Foreclosure Mitigation Counseling (NFMC) Program. The NFMC Program recently announced that more than 1 million homeowners in Michigan and across the nation have sought and received foreclosure intervention counseling from more than 1,700 nonprofit counseling organizations funded by the program, including MSHDA.

Washington, D.C. - October 11, 2010 - (RealEstateRama) -- Today, U.S. Senator Mark Udall released the following statement after Bank of America announced that it was halting all home foreclosure proceedings while it reviews accusations of widespread fraud in foreclosure documents

Wilmington, DC - October 11, 2010 - (RealEstateRama) -- Attorney General Beau Biden, who on October 5th called on Bank of America, JP Morgan Chase, and Ally Financial to stop foreclosure actions in Delaware amid questions about their foreclosures procedures, made the following statement following Bank of America’s announcement today that they are suspending foreclosure proceedings nationwide:

WASHINGTON, DC - October 11, 2010 - (RealEstateRama) -- U.S. Senator Debbie Stabenow (D-MI) today made the following statement about the ongoing foreclosure crisis and Bank of America’s announcement: “Families living in neighborhoods across Michigan continue to suffer from the economic downturn, declining home values and foreclosures. That’s why I welcome today’s announcement that Bank of America has suspended foreclosures in every state. I am concerned that too many Michigan families are losing their homes as a result of faulty paperwork and I hope that this motivates all institutions to reevaluate their processes and make sure homeowner’s are being treated fairly.

WASHINGTON, DC - October 11, 2010 - (RealEstateRama) -- Sen. Carl Levin, D-Mich., and three Senate colleagues wrote on Friday to the CEOs of JPMorgan Chase and Ally Financial, asking them to halt foreclosure proceedings in 27 states, including Michigan, where they have not already done so

October 11, 2010 - (RealEstateRama) -- The California Reinvestment Coalition applauds Bank of America's decision to halt foreclosure sales in all 50 states. The decision comes after reports last week of servicers-- dubbed "robo-signers"-- who signed thousands of foreclosure documents on a daily basis without properly reviewing the information in the documents. Last week, Bank of America, JP Morgan Chase, and GMAC decided to stop all foreclosures in the 23 states where foreclosure must be approved by a judge. The California Reinvestment Coalition urges JP Morgan Chase, GMAC, Wells Fargo, and other banks and servicers to follow Bank of America's lead and immediately freeze all foreclosures in the country

SAN FRANCISCO, CA - October 11, 2010 - (RealEstateRama) -- Following his office's negotiations with the state's top loan servicers and today's announcement by Bank of America that it is temporarily halting foreclosures nationwide, Attorney General Edmund G. Brown Jr. today called on the state's other lenders to halt foreclosing on California homes until the banks can demonstrate that they are complying with state law

SCOTTSDALE, AZ - October 11, 2010 - (RealEstateRama) -- U.S. Rep. Harry E. Mitchell today commended Bank of America for halting foreclosure sales in all 50 states in order to address flaws in their foreclosure process. [Source: CNN, October 8, 2010]"I commend Bank of America for doing the responsible thing and halting their foreclosure sales around the country in order to address flaws in their foreclosure process," said Mitchell. "As we hear more about current flaws in the foreclosure process, it is even more important that banks slow down and figure out the root of the problem I urge others to swiftly follow suit so that families will not have to worry about losing their home because of a clerical error."

Washington, DC - October 11, 2010 - (RealEstateRama) -- The National Association of Realtors®’ HouseLogic, a free, comprehensive consumer website about all aspects of homeownership, today launched Operation Home Relief, a new Facebook Causes campaign. The campaign aims to increase awareness, rally support and raise funding for USA Cares, a nonprofit organization that provides counseling and financial foreclosure assistance to post-9/11 active duty U.S. military service personnel, veterans and their families.

Destin, FL - October 11, 2010 - (RealEstateRama) -- A new opinion poll shows that Americans are divided about helping those at risk of being foreclosed even though they may have gotten there through no fault of their own

Washington, DC - October 7, 2010 - (RealEstateRama) -- Congressman Earl Pomeroy and Senators Kent Conrad and Byron Dorgan announced today that the U.S. Department of Housing and Urban Development (HUD)

Congresswoman urges all other mortgage services companies to take similar action until flaws are addressed. TUCSON, AZ - October 8, 2010 - (RealEstateRama) -- U.S. Rep. Gabrielle Giffords welcomed a move today by Bank of America to halt all foreclosures nationwide as it addresses potential problems in foreclosure documents

New York, N.Y. - October 7, 2010 - (RealEstateRama) -- The New York State Banking Department today announced that more than 76,744 90-day pre-foreclosure notices were sent to New York homeowners who have fallen behind on their mortgage payments since May 31, 2010.

WASHINGTON, DC - October 8, 2010 - (RealEstateRama) -- Today Senate Banking Committee Chairman Chris Dodd (D-CT) announced that the Committee will hold a hearing on Tuesday, November 16, to investigate allegations of improper and fraudulent mortgage servicing and foreclosure processing.

NEWARK, NJ - October 7, 2010 - (RealEstateRama) -- The Office of the Attorney General, through the Division of Consumer Affairs, is assessing whether the state’s Consumer Fraud Act has been violated by companies that have admitted to not properly reviewing, factually verifying and signing foreclosure filings submitted to the courts.

FREMONT, CA - October 8, 2010 - (RealEstateRama) -- Attorney General Edmund G. Brown Jr. announced charges today against two "callous con artists" who took thousands of dollars from dozens of struggling Northern California homeowners for foreclosure services never delivered.

Washington, DC - October 8, 2010 - (RealEstateRama) -- House Judiciary Committee Chairman John Conyers, Jr. (D-Mich.) announced today that he supports the President’s decision to not sign H.R. 3808, the "Interstate Recognition of Notarizations Act of 2009." H.R. 3808 would require courts in one state to recognize notarizations of another state." Consumer advocates have recently raised concerns that the bill could have negative unintended consequences, particularly in the context of foreclosures.

IRVINE, CA - October 8, 2010 - (RealEstateRama) -- RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today announced the release of an exclusive recently sold feature that allows users to see detailed information for all properties that sold in the last three, six and nine months in any given area.

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Washington, DC - October 7, 2010 - (RealEstateRama) -- Today, Congressman John Conyers, Jr. (MI-14) and Congresswoman Carolyn C. Kilpatrick (MI-13) called on lenders to extend their foreclosure moratorium to Michigan and other states and to cease administering foreclosures until the problem of fraudulent paperwork is resolved.

Washington, D.C. - October 5, 2010 - (RealEstateRama) -- Today Wisconsin Senators Russ Feingold and Herb Kohl and Congresswomen Gwen Moore and Tammy Baldwin praised the Department of Housing and Urban Development’s (HUD) support for unemployed Wisconsinites who are at risk of foreclosure.

WASHINGTON, D.C. - October 7, 2010 - (RealEstateRama) -- National civil rights groups, including the Leadership Conference on Civil and Human Rights, the National Fair Housing Alliance, National Council of La Raza, the NAACP, and the Center for Responsible Lending are renewing their April 2007 call to institute an immediate national moratorium on foreclosures. Until lenders demonstrate that they are adhering to all existing laws, regulations, and contractual guidelines related to loss mitigation and foreclosure legal process, lenders in all 50 states should not move forward with any foreclosures

Raleigh, NC - October 6, 2010 - (RealEstateRama) -- Attorney General Roy Cooper’s Consumer Protection Division has expanded its investigation into questionable foreclosure tactics to include 14 more mortgage lenders

WASHINGTON, DC - October 6, 2010 - (RealEstateRama) -- U.S. Senators Benjamin L. Cardin and Barbara A. Mikulski (both D-MD) today announced the U.S. Department of Housing and Urban Development (HUD)’s Emergency Homeowners Loan Program (EHLP) will provide nearly $40 million to Maryland to help homeowners make payments.

Washington, D.C. - October 6, 2010 - (RealEstateRama) -- Rep. Lynn Woolsey, D-Petaluma, and 30 other members of the California Democratic Congressional Delegation sent a letter Tuesday to the Attorney General, Federal Reserve Chairman, and the Comptroller of the Currency requesting investigations into possible systemic wrongdoing by financial institutions in their handling of delinquent mortgages, mortgage modifications, and foreclosures.

Washington, DC - October 6, 2010 - (RealEstateRama) -- Today, Congresswoman Lucille Roybal-Allard joined 30 other Members of the California Democratic Congressional Delegation in sending a letter to Attorney General Holder, Federal Reserve Chair Bernanke, and Comptroller of the Currency Dugan requesting investigations into systemic wrongdoing by financial institutions in their handling of delinquent mortgages, mortgage modifications, and foreclosures.

Wilmington, CO - October 6, 2010 - (RealEstateRama) -- Attorney General Beau Biden has called on three banks to stop foreclosure actions in Delaware amid questions about their foreclosures procedures. The banks have announced they are delaying foreclosure proceedings in 23 other states while they review whether their staff signed foreclosure documentation in thousands of cases without verifying the accuracy of those documents