Foreclosures

New York, NY - June 10, 2010 - (RealEstateRama) -- The New York State Banking Department today announced that more than 57,256 90-day pre-foreclosure notices were sent to New York homeowners who have fallen behind on their mortgage payments since Feb. 13, 2010.

Denver, CO - June 9, 2010 - (RealEstateRama) -- As the government, lenders and banks work together to curb foreclosures, RE/MAX agents are using their certified training and new technology to facilitate short sale transactions including Short Sale Commander™, a best-selling short sale platform from Elk Software

Online marketplace solution removes uncertainty and restores confidence for buyers and agents   Existing client adds new foreclosure properties in Maryland and Hawaii     BETHEL, CT - June 8, 2010 - (RealEstateRama) — Countdown To Buy, a next generation online real estate marketplace that offers fair and effective solutions to buy and sell properties, announced today that it [...]

June 8, 2010 - (RealEstateRama) -- Despite a federal law enacted in 2009 for renters living in foreclosed properties, many tenants across the country are still being threatened with eviction and are being forced to leave their homes on short notice. A report released today by the National Law Center on Homelessness & Poverty, Staying Home: The Rights of Renters Living in Foreclosed Properties, explains the impact of the new law and discusses problems with its implementation, and summarizes the results of a 50-state survey of developments in state laws protecting tenants living in foreclosed properties since early 2009.

June 7, 2010 - (RealEstateRama) -- The Maine Housing Counseling Network with assistance and support from the Bureau of Consumer Credit Protection, US Department of Housing and Urban Development and MaineHousing will host free Foreclosure Prevention Clinics in Augusta, Portland, Sanford, and Bangor.

Washington, DC - June 4, 2010 - (RealEstateRama) -- Congressman Dennis Kucinich (D-OH) today found a solution to problems regarding funding home foreclosure prevention counseling efforts.

Washington, DC - June 4, 2010 - (RealEstateRama) -- Today NeighborWorks America, the administrator of the Congressionally authorized National Foreclosure Mitigation Counseling (NFMC) program, announced that of the more than 870,000 homeowners who received foreclosure prevention counseling as a result of NFMC funding through January 31, 2010, 21 percent were Hispanic homeowners, more than twice their representation of total homeowners. In all, 52 percent of NFMC Program clients were minority homeowners, or more than twice the overall percentage of minority homeowners.

Washington, DC - June 4, 2010 - (RealEstateRama) -- Today NeighborWorks America, the administrator of the Congressionally authorized National Foreclosure Mitigation Counseling (NFMC) program, announced that of the more than 870,000 homeowners who received foreclosure prevention counseling as a result of NFMC funding through January 31, 2010, 26 percent were African American homeowners, nearly three times their representation of total homeowners. In all, 52 percent of NFMC Program clients were minority homeowners, or more than twice the overall percent of minority homeowners.

June 3, 2010 - (RealEstateRama) -- County Executive Isiah Leggett today joined County Council President Nancy Floreen, Maryland Department of Housing and Community Development Deputy Secretary Clarence Snuggs, and federal and local housing officials to tour a formerly vacant foreclosed property that is now available for rental through the Housing Opportunities Commission. The acquisition and renovation of this house, as well as 15 others in Germantown and Wheaton, is part of a $7.1 million effort made possible by funding from the U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program, the Maryland Department of Housing and Community Development’s Neighborhood Conservation Initiative and a HUD Community Development Block Grant

Salem, OR - June 1, 2010 - (RealEstateRama) -- Oregon Housing and Community Services (OHCS) submitted a proposal for review to U.S. Treasury today that outlines its plan for disbursing $88 million in foreclosure assistance funds

Providence, RI - June 2, 2010 - (RealEstateRama) -- Thousands of Rhode Islanders who are struggling to keep their homes will be eligible for financial help from the U.S. Treasury by early autumn of this year.

Washington, DC - June 2, 2010 - (RealEstateRama) -- Today NeighborWorks America announced a series of consumer outreach efforts to support affordable, sustainable and healthy homes and communities during the 2010 National Homeownership Month.

Destin, FL - June 2, 2010 - (RealEstateRama) -- Despite being the worst deflationary downturn since the Great Depression, housing markets are showing improvement as the number of homes in default drops, according to new report on Housing Predictor.

Partnership between MassHousing, city of Brockton, Brockton Housing Partnership, and lenders will help create opportunities for buyers who buy properties in need of repair. BOSTON, MA - June 1, 2010 - (RealEstateRama) -- MassHousing announced a new initiative today in partnership with the city of Brockton, Brockton Housing Partnership, and area lenders to make grant funds available to first-time homebuyers who purchase foreclosed homes in Brockton.

Las Vegas, NV - June 1, 2010 - (RealEstateRama) — Richard Ballen, A Realtor with Coldwell Banker Wardley Las Vegas Real Estate,  A leading Las Vegas Short Sale Specialist is negotiating a deal with a lender to accept a “short” amount on Las Vegas Real Estate, saving the sellers from being another Las Vegas Foreclosure [...]

Atlanta, GA - May 31, 2010 - (RealEstateRama) - Atlanta real estate professional AshleyErbesfield Battleson has rejoined Prudential Georgia Realty. She is based out of Prudential’s newBuckhead office at 3221 Peachtree Road, just south of the Peachtree andPiedmont Road intersection.

Las Vegas, NV - May 31, 2010 - (RealEstateRama) - The following summarizes the ways to avoid foreclosure but not keep the home. Even though you may not be able to keep your home, it is important to work with your servicer during this process. Walking away from your home without consulting with your servicer may result in a foreclosure reported in your credit file, tax consequences, and/or a deficiency balance for loan proceeds not recovered in a foreclosure sale. If keeping your home is not a viable option, your loan servicer may have alternatives available to absolve the mortgage and home

CHICAGO, IL - May 31, 2010 - (RealEstateRama) - Governor Pat Quinn today signed two bills into law that support Illinois’ servicemembers. The new laws increase foreclosure protections for active-duty servicemembers and expand the War on Terrorism Compensation Act, allowing more servicemembers to receive a $100 service compensation

Clinton, NJ - May 28, 2010 - (RealEstateRama) -- More than $4 million in real estate notes secured by commercial and residential properties in New Jersey and Pennsylvania will be sold in an on-line auction on June 8 and 9

Washington, D.C - May 28, 2010 - (RealEstateRama) -- Today NeighborWorks America, the administrator of the National Foreclosure Mitigation Counseling (NFMC) Program, announced that 58 percent of homeowners who received foreclosure counseling through the NFMC Program reported the primary reason they were facing foreclosure was reduced or lost income. The news is found in NeighborWorks’ fifth Congressional report, which outlines NFMC Program activity through January 31, 2010.

FORT WAYNE, IN - May 27, 2010 - (RealEstateRama) -- Indiana Attorney General Greg Zoeller was in Fort Wayne today to file a complaint against Foreclosure Assistance USA, Inc. (FA USA), an Ohio-based foreclosure consultant company. According to the lawsuit, nearly 600 Hoosier homeowners signed contracts with FA USA believing the company would help prevent foreclosure based on claims made on websites, radio and direct mail advertisements and telephone solicitations.

STATEHOUSE, IN - May 27, 2010 - (RealEstateRama) -- State Sen. John Waterman (R-Shelburn) today urged Hoosiers facing foreclosures to attend a free one-hour workshop scheduled next week

Las Vegas, NV - May 25, 2010 - (RealEstateRama) -- Coldwell Banker Wardley Las Vegas Real Estate, specializing in Las Vegas Short Sales, is negotiating a deal with a lender to accept a “short” amount on Las Vegas Real Estate, saving the sellers from being another Las Vegas Foreclosure statistic.

Destin, FL - May 25, 2010 - (RealEstateRama) -- Apparently feeling the bottom of the housing market may be getting closer, nearly 2 out of 3 people surveyed say they plan on buying a home or other real estate in the next two years, according to a new Housing Predictor survey

EAGLE, ID - May 25, 2010 - (RealEstateRama) -- It’s a story heard more and more often in these economic times. Responsible homeowners who would never have dreamed that they wouldn’t be able to make their mortgage payments are now receiving foreclosure notices due to the tough economy. Bill Laubner of Eagle, Idaho was one such homeowner. Although he was responsible about his home purchase – putting 25% of his home’s value toward a down payment, reduction of income and the severe devaluation of his home took its toll and made it difficult to maintain his mortgage payments. Although Laubner attempted to work with his lender, he didn’t qualify for their programs

Washington, D.C - May 25, 2010 - (RealEstateRama) -- NeighborWorks America today announced that it received $1 million from The Rockefeller Foundation in support of infrastructure development and upgraded technical support for nonprofit housing counseling organizations. The grant will help to strengthen and supplement nonprofit housing counseling capacity and increase their efficiency and ability to help homeowners avoid foreclosure

RALEIGH, NC - May 24, 2010 - (RealEstateRama) -- Homeowners struggling with the worst economic crisis since the Great Depression shouldn't have to worry about scams designed to rob them of hard earned equity in their home or put them in costly contracts that promise but do not deliver homeownership.

Washington, DC - May 24, 2010 - (RealEstateRama) -- When the Senate passed the Wall Street Reform Act last week, it included a provision that offers a remedy to the 5.5 million homeowners facing foreclosure.

CLEVELAND, OH - May 21, 2010 - (RealEstateRama) -- County Prosecutor Bill Mason and the Cuyahoga County Mortgage Fraud Task Force operating under authorization of Ohio Attorney General Richard Cordray and Ohio’s Organized Crime Investigations Commission announced that Mark Kellogg was sentenced to 14 years on May 19, 2010 for operating a large mortgage fraud scheme in Slavic Village. Kellogg was ordered to pay restitution of $5,831,500 to lenders and $186,715 to 109 neighbors who sold properties located on the same city block as the foreclosures resulting from mortgage fraud

CHICAGO, IL - May 21, 2010 - (RealEstateRama) -- A new round of more than $1.4 million in federal grant money will enable thousands of homeowners across Illinois to receive free foreclosure counseling, the Illinois Housing Development Authority (IHDA) announced today.