Foreclosures

Washington, DC - September 10, 2010 - (RealEstateRama) -- Today, Congressman Joe Baca (D-Rialto) announced that San Bernardino County and the cities of Fontana, Ontario, Rialto, and San Bernardino have collectively been awarded over $20 million in Neighborhood Stabilization Program (NSP) grant funding from the Department of Housing and Urban Development (HUD). The NSP is designed to assist states and local governments in addressing the effects of abandoned and foreclosed housing.

WASHINGTON, D.C. - September 10, 2010 - (RealEstateRama) -- Today, U.S. Senators Tom Carper and Ted Kaufman (both D-Del.) announced $5 million in funding to help reverse the effects of the foreclosure crisis in Delaware. The funding was made possible through the U.S. Housing and Urban Development's (HUD) Neighborhood Stabilization Program and will provide targeted emergency assistance to state and local governments to acquire, redevelop or demolish foreclosed properties.

Anchorage, AK - September 10, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan, U.S. Senator Mark Begich and HUD Northwest Regional Administrator Mary McBride today announced the award of an additional $5 million in funding to Alaska communities struggling to reverse the effects of the foreclosure crisis. The grants announced today represent the third round of funding of HUD's Neighborhood Stabilization Program (NSP) and will provide targeted assistance to help communities in Alaska acquire and demolish or redevelop and re-sell blighted and foreclosed properties

Minneapolis, MN - September 10, 2010 - (RealEstateRama) -- Minneapolis Mayor R.T. Rybak and U.S. Representative Keith Ellison announced today that the City of Minneapolis has won an additional $2.7 million from the U.S. Department of Housing and Urban Development (HUD) to acquire and redevelop foreclosed properties in neighborhoods impacted by foreclosure, as part of the third round of Neighborhood Stabilization Program (NSP3) funds

Washington, DC - September 10, 2010 - (RealEstateRama) -- Loan modifications and refinancings by Fannie Mae and Freddie Mac were up in the second quarter as the volume of permanent modifications under the Administration’s Home Affordable Modification Program (HAMP) increased 65 percent while refinancings under the Home Affordable Refinance Program (HARP) increased by 30 percent. The data were released in FHFA’s Second Quarter 2010 Foreclosure Prevention & Refinance Report, which includes data on all of the Enterprises’ foreclosure prevention efforts.

Washington, DC - September 8, 2010 - (RealEstateRama) -- Today, U.S. Congresswoman Gwen Moore (D-Milwaukee) lauded an announcement that Milwaukee will receive nearly $2.7 million to help neighborhoods fix and maintain properties that are vacant due to foreclosure.

WASHINGTON, DC - September 9, 2010 - (RealEstateRama) -- New Jersey's U.S. Senators, Robert Menendez and Frank Lautenberg, today applauded the U.S. Department of Housing and Urban Development's announcement that it has awarded New Jersey communities $11,641,549 million in additional funding to help minimize the negative effects of the foreclosure crisis.

Washington, DC - September 9, 2010 - (RealEstateRama) -- Congressman John Barrow (GA-12) announced today that Savannah and Augusta will receive a combined $2.18 Million in funding to reverse the effects of the foreclosure crisis. The City of Savannah will receive $1,027,553 and Augusta-Richmond County will receive $1,161,297. The grants announced today will provide targeted emergency assistance to state and local governments to acquire, redevelop, or demolish foreclosed properties.

LANSING, MI - September 8, 2010 - (RealEstateRama) -- State Senator Tupac A.Hunter (D-Detroit) today introduced legislation that would prevent banks and other lending institutions from foreclosing on most homes unless they have signed up to participate in the “Help the Hardest Hit Program.”

WASHINGTON, DC - September 8, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today awarded an additional $1 billion in funding to all states along with a number of counties and local communities struggling to reverse the effects of the foreclosure crisis. The grants announced today represent a third round of funding through HUD’s Neighborhood Stabilization Program (NSP) and will provide targeted emergency assistance to state and local governments to acquire, redevelop or demolish foreclosed properties. For a complete listing of the allocations announced today, visit HUD’s website.

WASHINGTON, D.C. - September 8, 2010 - (RealEstateRama) -- Congressman Steve Cohen (TN-9) today announced the U.S. Department of Housing and Urban Development has awarded Memphis $5,195,847 under the Neighborhood Stabilization Program (NSP) to address the effects of abandoned and foreclosed housing.

WARRENSVILLE HEIGHTS, OH - September 8, 2010 - (RealEstateRama) -- Congresswoman Marcia L. Fudge (OH-11) joins Housing and Urban Development (HUD) officials for a major announcement in Cleveland tomorrow, September 9th.

Las Vegas, NV - September 7, 2010 - (RealEstateRama) -- The Ballen Group, a top team of Las Vegas Short Sale Specialists under the brokerage Coldwell Banker Wardley Las Vegas Real Estate has put together a comprehensive Las Vegas Short sale system for sellers. Homeowners who are facing Las Vegas foreclosure can request a Las Vegas Short Sale Agent, Henderson Short Sale Agent, or North Las Vegas Short Sale Specialist to consult with them about their needs. In addition, Coldwell Banker Wardley has created a custom hardship package allowing the homeowner to complete the documents required by the bank to ease the process. Although The Ballen Group never encourages a Las Vegas Short Sale, many homeowners in Las Vegas and surrounding areas are facing true hardships that force them to attempt a Short Sale rather than face Las Vegas Foreclosure

NEW YORK, NY - September 1, 2010 - (RealEstateRama) -- New York City Comptroller John C. Liu today announced that talks have officially begun between his office and five of the City’s largest banks on steps the banks can take to reform the loan modification process, improve customer service and help save more New Yorkers from foreclosure.

Las Vegas, NV - September 3, 2010 - (RealEstateRama) -- A Home Rescue Fair will offer free help to Las Vegas residents facing foreclosure on Saturday Sept. 18, from 10 a.m. to 3 p.m. at the Palace Station Hotel Casino, Grand Ballroom, 2411 West Sahara Ave.

Washington, DC - September 7, 2010 - (RealEstateRama) -- National Community Reinvestment Coalition (NCRC) president & CEO John Taylor today urged the Obama Administration to ignore calls by some housing experts to “do nothing” on housing recovery. Instead, Taylor said the Administration should mandate loan principal reductions by mortgage lenders to prevent more foreclosures from throwing people out of their homes and flooding the market with vacant houses

Destin, FL - September 7, 2010 - (RealEstateRama) -- The most trusted housing market forecasts have been released with an update of the Housing Predictor Best 25 Housing Markets in the U.S. It isn’t news that housing markets are declining in value, but there are areas scattered throughout the country in more than a handful of states forecast to appreciate.

LANSING, MI - September 1, 2010 - (RealEstateRama) -- Governor Jennifer M. Granholm today continued her effort to push the nation's largest banks to join other lending institutions and take part in the Helping Hardest Hit Homeowners Fund. Since announcing the availability of an additional $128.4 million in federal dollars for the fund earlier this month, Granholm has reached out to executives at Bank of America, Chase, Citigroup, PNC Bank and Wells Fargo, asking them directly to help prevent additional home foreclosures

WASHINGTON, DC - September 1, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced an unprecedented agreement with the nation's top mortgage lenders to offer selected state and local governments, and nonprofit organizations a "first look" or right of first refusal to purchase foreclosed homes before making these properties available to private investors.

September 1, 2010 - (RealEstateRama) -- A credit repair operation has agreed to stop making false claims and stop charging up-front fees under a settlement with the Federal Trade Commission. The settlement is part of an ongoing crackdown on scams that target financially strapped consumers, in this case taking hundreds of dollars in fees to purportedly remove negative information from consumers’ credit reports even if the information is accurate and timely. The FTC filed the action in “Operation Clean Sweep” in October 2008

Columbus, OH - August 28, 2010 - (RealEstateRama) -- U.S. Representative Mary Jo Kilroy (OH-15) today teamed up with lenders and housing counselors to assist nearly 100 Ohioans at risk of foreclosure.

Las Vegas, NV - August 30, 2010 - (RealEstateRama) -- Richard Ballen, Las Vegas Short sale Specialist uses comprehensive Las Vegas Short Sale System for Las Vegas, Henderson, and North Las Vegas Short Sales leading to Bank of America Short Sale Approval waiving the deficiency for the seller

STATEHOUSE, IN - August 30, 2010 - (RealEstateRama) -- Foreclosures are still a major concern for many homeowners and neighborhoods across Indiana with lenders taking action against another 4,876 borrowers in July, state figures showed.

Destin, FL - August 30, 2010 - (RealEstateRama) -- An over-whelming majority of respondents surveyed do not trust bankers to have their best interests in mind, according to a new Housing Predictor opinion poll. The finding was the strongest evidence yet that the foreclosure epidemic and the financial crisis harming the U.S. economy are being blamed on the financial industry.

Scottsdale, AZ - August 27, 2010 - (RealEstateRama) -- Nicholas McConnell with Coldwell Banker in Scottsdale, Arizona is the first Realtor you want to speak with when thinking about doing a short sale. A short sale is when a home owner sells a property at a price below the amount of the mortgage obtained by the home owner. It is absolutely, positively, one hundred percent imperative that you use a Realtor that knows how to conduct a short sale property on your behalf. If you use a Realtor that does not know what they are doing, chances are the short sale will not go through.

STATEHOUSE, IN - August 27, 2010 - (RealEstateRama) -- Foreclosures are still a major concern for many homeowners and neighborhoods across Indiana with lenders taking action against another 4,876 borrowers in July, state figures showed.

WASHINGTON, D.C. - August 27, 2010 - (RealEstateRama) -- One in seven homeowners is past due on their mortgage or in foreclosure, according to the Mortgage Bankers Association’s latest report on home loan delinquencies. The report shows that mortgage delinquencies rose during the second quarter, and, overall, one in seven borrowers is delinquent or in foreclosure. That’s up from one in eight a year ago and one in 11 two years ago. Although there was a dip in the share of homes in foreclosure, the report shows that the foreclosure epidemic continues, with millions of homes still at risk

Bridgeport, CT - August 26, 2010 - (RealEstateRama) -- Nearly one in 12 homeowners in Connecticut in foreclosure or more than 90 days late on their mortgage payments, according to a recent report issued by the foreclosure-tracking firm RealtyTrac. Connecticut currently has the 20th highest foreclosure rate in the country, and the city of Bridgeport has the highest rate of any city in the state, with 98 new foreclosure actions initiated in July alone

STATEHOUSE, IN - August 26, 2010 - (RealEstateRama) -- Foreclosures are still a major concern for many homeowners and neighborhoods across Indiana with lenders taking action against another 4,876 borrowers in July, state figures showed

WASHINGTON, D.C. - August 26, 2010 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties dropped to a seasonally adjusted rate of 9.85 percent of all loans outstanding as of the end of the second quarter of 2010, a decrease of 21 basis points from the first quarter of 2010, and an increase of 61 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased two basis points to 9.40 percent this quarter from 9.38 percent last quarter.