Foreclosures

Atlanta, GA - July 26, 2010 - (RealEstateRama) -- Congressmen John Lewis, David Scott, and Hank Johnson are proud to announce their upcoming event to assist Atlanta area homeowners who may be struggling with their mortgages. The three members are joining forces with the U. S. Department of Housing and Urban Development, the U.S. Department of the Treasury, The Hope Now Alliance and NeighborWorks America for the "Help for Homeowners" project scheduled for Friday, July 30th 1:00PM to 7:30PM and Saturday, July 31st from 8:30AM to 3:00PM, at the Atlanta Marriott Marquis, 265 Peachtree Center Avenue. HUD Secretary Shaun Donovan will also be in attendance on Saturday, July 31st.

July 26, 2010 - (RealEstateRama) -- Eight marketers are banned from selling mortgage modification or foreclosure relief services under settlements with the Federal Trade Commission. The FTC alleged that the marketers charged homeowners up-front fees and falsely claimed they could get their mortgage loans modified or prevent foreclosure on their homes. The settlements in three separate actions are part of the FTC’s ongoing efforts against scams that target financially distressed consumers.

WASHINGTON, D.C. - July 23, 2010 - (RealEstateRama) -- Commerce, Justice, Science (CJS) Appropriations Subcommittee Chairwoman Barbara A. Mikulski (D-Md.) today announced full Senate Appropriations Committee passage of the fiscal year 2011 CJS funding bill, which includes increased funding and resources to track down and prosecute perpetrators of mortgage fraud.

New Haven, CT - July 22, 2010 - (RealEstateRama) -- Senate Majority Leader Martin Looney (D-New Haven) and Senator Toni Harp (D-New Haven) joined New Haven Mayor John DeStefano; State Rep. Juan Candelaria; representatives from the ROOF (Real Options Overcoming Foreclosure) Project, and the Connecticut Fair Housing Center, and residents who have faced foreclosure for a news conference in New Haven today to announce that the state’s landmark foreclosure mediation program is being extended for another two years.

WASHINGTON, DC - July 22, 2010 - (RealEstateRama) -- The National Foreclosure Prevention and Neighborhood Stabilization Task Force hailed the signing of the Restoring American Financial Stability Act of 2010 into law today, which was sponsored by U.S. Senator Christopher Dodd (D-CT) and U.S. Representative Barney Frank (D-MA). In part, the Act provides an additional $1 billion for the Neighborhood Stabilization Program (NSP) administered by the U.S. Department of Housing and Urban Development. The funding secured for NSP is representative of the work of the Foreclosure Task Force – led by the National Housing Conference (NHC), Enterprise Community Partners and NeighborWorks America– which is tackling the swelling foreclosure crisis.

WASHINGTON, DC - July 21, 2010 - (RealEstateRama) -- The National Foreclosure Prevention and Neighborhood Stabilization Task Force hailed the signing of the Restoring American Financial Stability Act of 2010 into law today, which was sponsored by U.S. Senator Christopher Dodd (D-CT) and U.S. Representative Barney Frank (D-MA).

July 21, 2010 - (RealEstateRama) -- Pursuant to P.L. 2009, ch. 402, An Act to Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures, parties to foreclosure mediation must complete in full the Net Present Value (NPV) Worksheet developed by the Federal Deposit Insurance Corporation (FDIC). To complete the FDIC NPV, the parties are required to produce information about the borrower’s monthly gross income, terms of the original loan, status of the delinquent loan, property value, among other specific inputs related to projected costs of foreclosure.

Las Vegas, NV - July 21, 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

Washington, D.C. - July 21, 2010 - (RealEstateRama) -- Today, U.S. Senator Patty Murray (D-WA) included major funding in the Fiscal Year 2011 Senate Transportation, Housing, and Urban Development (THUD) Appropriations bill to help families in Washington state and across the country who are suffering in the current foreclosure crisis

Permanent modifications disappoint, as cancellations trend substantially higher. Washington DC - July 21, 2010 - (RealEstateRama) -- The Treasury Department and HUD released the latest numbers for the Home Affordable Modification Program (HAMP). Nearly 400,000 homeowners have been granted a permanent modification under the program, which compares to over 5.3 million foreclosure filings since the HAMP program began in March of 2009, according to numbers from Realty Trac. Trial modifications canceled exceeded permanent modifications by 122,793 in June, compared to May when 83,000 more trial modifications were canceled than made permanent.

July 20, 2010 - (RealEstateRama) -- Professional & Financial Regulation - Consumer Credit RegulationThe Maine Housing Counseling Network with assistance and support from the Bureau of Consumer Credit Protection, US Department of Housing and Urban Development and the MaineHousing continues its series of free Foreclosure Prevention Clinics this Thursday afternoon and evening in Sanford. The fourth in this series will be held next month in Bangor. Others taken place this summer in Augusta and Portland.

Washington, DC - July 20, 2010 - (RealEstateRama) -- The National Low Income Housing Coalition applauds the expected enactment of the Dodd-Frank Wall Street Reform and Consumer Protections Act (H.R. 4173), which has passed the House and Senate and is likely to be signed by President Obama this week. While the bill’s financial reform and consumer-protection provisions have been well documented, the act also includes housing provisions important to low income households and communities

Destin, FL - July 20, 2010 - (RealEstateRama) -- An over-whelming majority of Americans feel the U.S. economy is in an economic depression, according to a new opinion poll. Despite government and mass media reports indicating that the U.S. has pulled out of an economic recession, the online survey found that most Americans don’t believe that is the case as unemployment remains at 9.5% nationally and much higher in many areas of the countr

WASHINGTON D.C. - July 19, 2010 - (RealEstateRama) -- Homeowners who have lost their jobs and face foreclosure will benefit from a new Emergency Homeowners’ Relief Fund. Modeled from a successful program in Pennsylvania, the Fund provides $1 Billion for homeowners facing foreclosure.

Washington, DC - July 15, 2010 - (RealEstateRama) -- The Emergency Homeowners’ Relief Fund is a significant provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act

NEW YORK CITY, NY - July 15, 2010 - (RealEstateRama) -- New York State's housing agencies today approved $18.4 million in grants and financings to build and renovate affordable housing, help businesses grow and create jobs, and assist homeowners at risk of foreclosure.

IRVINE, CA - July 16, 2010 - (RealEstateRama) -- RealtyTrac® (http://www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Midyear 2010 U.S. Foreclosure Market Report, which shows a total of 1,961,894 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,654,634 U.S. properties in the first six months of 2010, a 5 percent decrease in total properties from the previous six months but an 8 percent increase in total properties from the first six months of 2009. The report also shows that 1.28 percent of all U.S. housing units (one in 78) received at least one foreclosure filing in the first half of the year.

Henderson, NV - July 9, 2010 - (RealEstateRama) -- Congresswoman Dina Titus of Nevada’s Third District continued her efforts to help homeowners in Southern Nevada today at Wells Fargo’s housing workshop that is going on Friday through Sunday in Las Vegas.

July 14, 2010 - (RealEstateRama) -- Senate President Donald E. Williams, Jr. (D-Brooklyn) joined State Rep. Susan Johnson (D-Willimantic); representatives from the Access Community Action Agency in Willimantic, and the Connecticut Fair Housing Center for a news conference in Willimantic today to announce that the state’s landmark foreclosure mediation program is being extended for another year.

Destin, Fl - July 14, 2010 - (RealEstateRama) -- In these challenging economic times, the real estate website that forecasts housing markets all over the U.S., Housing Predictor dot com is introducing a new section of its website to “Save Money on Home Remodeling.”

WASHINGTON, DC - July 12, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a new initiative that gives state and local governments, and nonprofit organizations participating in HUD's Neighborhood Stabilization Program (NSP) preference to acquire homes from the Department's inventory of foreclosed properties, commonly known as "HUD homes." The initiative was announced by HUD Secretary Shaun Donovan at the National Council of La Raza annual conference in San Antonio, Texas.

July 12, 2010 - (RealEstateRama) -- Congresswoman Donna F. Edwards hosted two Foreclosure Prevention Workshops and Forums for residents of the 4th Congressional District. Hundreds of homeowners attended and received free consultations with housing counselors, pro bono attorneys, and bank representatives. Residents also attended workshops on predatory lending, working with your bank, and making loans affordable again.

LANSING, MI - July 12, 2010 - (RealEstateRama) -- In her weekly radio address, Governor Jennifer M. Granholm today said a new state fund will help protect thousands of people at risk of losing their homes to foreclosure.

MIAMI, FL - July 9, 2010 - (RealEstateRama) -- More than 700 Miami-Dade metro area mortgage borrowers seeking to avoid foreclosure have received assistance from the Fannie Mae Mortgage Help Center in the first three months of operation. The Mortgage Help Center is a partnership between Fannie Mae (FNMA/OTC) and Neighborhood Housing Services of South Florida (NHSSF), and offers free mortgage and financial counseling to homeowners who may be in default or struggling to make monthly payments

COLUMBUS, OH - July 7, 2010 - (RealEstateRama) -- Treasurer Kevin L. Boyce is announcing the re-launch of the HomeSaver program to help Montgomery County homeowners with at-risk mortgages who may be facing foreclosure.

Atlanta,GA - July 7, 2010 - (RealEstateRama) -- Prudential Georgia Realty is pleased to announceRealtors Francine Bethune and Kris Kolarich, who work together specializing inthe Atlanta foreclosure market, have joined its sales team. They are based outof Prudential Georgia Realty’s Midtown office, located on Peachtree Street a few blocks from the High Museum.

Destin, FL - July 7, 2010 - (RealEstateRama) -- Americans are deeply divided on whether states should offer a tax credit to help the housing market recover, according to a new Housing Predictor opinion poll. The new survey found that slightly more than half of all respondents feel that states should offer a $10,000 state tax credit to home buyers to make a purchase like California is doing to help overcome the downturn in its markets.

LANSING, MI - July 7, 2010 - (RealEstateRama) -- Governor Jennifer M. Granholm today announced that the Michigan State Housing Development Authority (MSHDA), along with banks, credit unions and nonprofit counseling agencies, will launch a statewide program to help eligible Michigan homeowners avoid foreclosure by participating in the state's new $154.5 million Helping Hardest-Hit Homeowners Fund.

COLUMBIA, Md. - July 6, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) recently allotted Enterprise Community Partners, Inc. (Enterprise) $5.7 million in Neighborhood Stabilization Program (NSP) funding to provide down payment and closing cost assistance, gap financing, and/or a zero percent mortgage for potential home buyers interested in single family homes in the North Texas area.

WASHINGTON, DC - July 5, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced an agreement with the Cuyahoga County Land Reutilization Corporation (CCLRC) to stabilize neighborhoods hard-hit by foreclosure in Cleveland and Cuyahoga County by selling foreclosed homes to the CCLRC for as little as $100. The agreement announced today follows a similar successful program launched in Cleveland in which HUD transferred 441 foreclosed properties to the City at deep discount in just over a year