Foreclosures
Home Foreclosures
Assembly overturns veto of foreclosure information bill
Providence, RI - January 6, 2010 - (RealEstateRama) -- Homeowners facing foreclosure are often desperate for help, but don’t know where to turn.
CFO SINK CALLS FORECLOSURE ORDER “IMPORTANT STEP” TO HELP FLORIDA HOMEOWNERS
TALLAHASSEE, FL - December 29, 2009 - (RealEstateRama) -- Florida CFO Alex Sink today commended the Florida Supreme Court order recommending a statewide managed mediation program for Florida’s homeowners. Given her previous work to aid Floridians struggling with foreclosure, CFO Sink was tapped by Chief Justice Peggy Quince to provide a delegate on the Task Force that developed these recommendations.
Attorney General Sues Three Companies for Loan Modification Scam
TALLAHASSEE, FL - December 23, 2009 - (RealEstateRama) -- Attorney General Bill McCollum today announced he has filed a lawsuit against three businesses operating in Miami-Dade County, their principles and affiliated attorneys on allegations of deceptive and unfair trade practices regarding their involvement in a foreclosure rescue scam affecting homeowners nationwide. The Attorney General’s Economic Crimes Division began investigating Kirkland Young LLC, in July after receiving numerous consumer complaints against the company. During the course of the investigation it was discovered that Attorney Aid LLC and ABK Consultants were affiliated with Kirkland Young LLC.
GOV. RITTER & LAWMAKERS ANNOUNCE NEW PLAN TO PROTECT COLORADO NEIGHBORHOODS FROM ABANDONED HOMES
LAKEWOOD, CO - December 23, 2009 - (RealEstateRama) -- Gov. Bill Ritter and state lawmakers today announced a major step forward in tackling Colorado’s high foreclosure rate, unveiling legislation that will speed up the sale of abandoned homes and protect neighborhoods from vandalism and declining property values.
The Supreme Court Promulgates Rule 93 For The Foreclosure Diversion Program
December 22, 2009 - (RealEstateRama) -- On December 21, 2009, the Supreme Court adopted amendments to the Maine Rules of Civil Procedure, by adding Rule 93. Effective January 1, 2010, M.R. Civ. P. 93 will govern the operation of the Foreclosure Diversion Program.
GREENPATH DEBT SOLUTIONS SEES 58% INCREASE IN NYC CLIENTS AND 52% INCREASE IN NY...
FARMINGTON HILLS, MI - December 22, 2009 - (RealEstateRama) -- GreenPath Debt Solutions, a nonprofit consumer credit counseling service with seven offices in the greater New York City area, recently released mortgage delinquency data regarding its clients in New York State and New York City
Rep. Israel Announces $200,000 in New Federal Funding to Prevent Home Foreclosure in Central...
Central Islip, NY - December 17, 2009 - (RealEstateRama) -- On Thursday, Rep. Steve Israel announced $200,000 in new federal funding for the Central Islip Neighborhood Stabilization Project, a program that prevents foreclosures with aggressive community outreach and rehabilitates vacant homes to sell to first-time home buyers.
HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR ALASKA STORM VICTIMS
Foreclosure protection offered to displaced families. WASHINGTON, DC - December 21, 2009 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to counties in Alaska and provide support to homeowners and low-income renters forced from their homes following last month's severe storms, flooding, mudslides, and rockslides.
Nearly 5,000 Homeowners Call Comptroller’s Foreclosure Prevention Helpline
New York, NY - December 17, 2009 - (RealEstateRama) -- New York City Comptroller William C. Thompson, Jr. today announced that his office is closing in on more than 5,000 individuals and families who have called his Foreclosure Prevention Helpline to ask for help and guidance to avoid losing their homes.
Attorney General’s Consumer Protection Division Stops Foreclosure Rescue Scam
BALTIMORE, MD - December 16, 2009 - (RealEstateRama) -- Attorney General Douglas F. Gansler announced today that his Consumer Protection Division has won a judgment in the Circuit Court for Baltimore City of nearly $1 million against Rodney Spellen, Mid Atlantic Consulting, Inc., Jemel Lyles, Absoloot Ventures Inc., Brian Boyd, 1st Choice Property Management Firm, Inc., Sahar Ali, Alan Muniu, Phillip George, Certified Title & Escrow, Inc., and Reggie Simmons based on violations of Maryland laws against foreclosure rescue scams.
State Housing Grant Helps Communities Hit Hardest Foreclosures
NEW CASTLE, DE - December 16, 2009 - (RealEstateRama) --Gov. Jack Markell, New Castle County Executive Chris Coons and other government and non-profit leaders to announce the county’s Neighborhood Stabilization Program will use a state grant to purchase and rehabilitate foreclosed and abandoned homes
MORTGAGE WORKOUT SOLUTIONS FOR AT-RISK CALIFORNIA HOMEOWNERS OUTPACE FORECLOSURE SALES 2-1
Washington, D.C.- December 16, 2009 - (RealEstateRama) -- Faith Schwartz, Executive Director, of the HOPE NOW Alliance, testified today before the State Assembly Select Committee on the Safety and Protection of At-Risk Communities in California. Schwartz testified that through October 2009, more than 279,000 California homeowners received mortgage workout solutions. This compared to about 139,000 foreclosure sales in the state this year shows that workout solutions outpace foreclosures in sales 2 to 1 in California
Governor Paterson Signs Comprehensive Foreclosure Legislation into Law
Albany, NY - December 15, 2009 - (RealEstateRama) -- Governor David A. Paterson today signed into law comprehensive foreclosure legislation which provides additional critical protections for New York State homeowners, tenants and neighborhoods in the wake of the ongoing foreclosure crisis.
Matsui Anti-Foreclosure Amendment Adopted Into Wall Street Reform Act
Fights to Keep American Families in Their Homes. WASHINGTON, DC – The House of Representatives passed an amendment offered by Congresswoman Doris Matsui (D–California) to the Wall Street Reform and Consumer Protection Act (H.R. 4173) yesterday, which requires mortgage servicers or lenders participating in the Making Home Affordable Program to publicly report their progress in helping responsible homeowners stay in their homes. The amendment was introduced by Congresswoman Matsui with Rep. Betty Sutton (D–Ohio) and Rep. Kathy Castor (D–Florida), and debated on the House floor. Passage of H.R. 4173 is expected today.
$4 Billion In TARP Funds To Help With Foreclosures
WASHINGTON, DC - December 14, 2009 - (RealEstateRama) -- Congress took significant action to reform the nation’s financial system today with the passage of The Wall Street Reform and Consumer Protection Act. Passed with Congressman Cardoza’s support, the bill also includes provisions he requested that take aim at the nation’s continuing foreclosure crisis.
Five Indicted in Foreclosure Rescue and Mortgage Fraud Scheme
PHILADELPHIA, PA - December 8, 2009 - (RealEstateRama) -- 15-count indictment was filed today against five defendants charged in a $14.6 million mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans, announced United States Attorney Michael L. Levy, Special Agent-in-Charge of the FBI Janice K. Fedarcyk, and Pennsylvania Secretary of Banking Steven Kaplan.
Congressman Al Green Urges Mortgage Servicers to Address the Needs of Minority Borrowers
Washington, DC - December 9, 2009 - (RealEstateRama) -- Today Congressman Al Green (TX-09) called on private mortgage servicers to better address the needs of struggling minority homeowners during a hearing of the House Committee on Financial Services regarding the current foreclosure crisis.
HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR ARKANSAS STORM VICTIMS
Foreclosure protection offered to displaced families in 37 counties
WASHINGTON, DC - December 8, 2009 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to counties in Arkansas and provide support to homeowners and low-income renters forced from their homes following severe storms, tornadoes, and flooding.
Home Foreclosures and DelinquentMortgage Loans Continue to Increase Modestly at Maine Banks and Credit...
AUGUSTA, ME - December 8, 2009 - (RealEstateRama) -- Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced this week that third quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine. In general, foreclosure activity at Maine banks and credit unions appears to be lower than in many other states and it does not pose a threat to the stability of Maine-chartered financial institutions.
Ruppersberger to Host “Opportunities for Home Ownership” Forum
Dundalk, MD - December 7, 2009 - (RealEstateRama) -- Congressman C.A. Dutch Ruppersberger (D-MD) will host a Congressional Forum on “Opportunities for Home Ownership.” Maryland has the 9th highest foreclosure rate in the country, according to Realty Trac Inc., a California-based research firm. The homes of more than 6,600 families in Maryland went into foreclosure in October 2009 alone. Thousands more Marylanders face mortgage scams. Many others are considering refinancing or purchasing a new home.
AG Cooper stops Kannapolis foreclosure scam
Raleigh, NC - December 5, 2009 - (RealEstateRama) -- A Kannapolis foreclosure rescue operation is barred from collecting any money from consumers for foreclosure assistance or loan modifications, Attorney General Roy Cooper announced Friday.
AG Cooper stops Kannapolis foreclosure scam
Raleigh, NC - December 5, 2009 - (RealEstateRama) -- A Kannapolis foreclosure rescue operation is barred from collecting any money from consumers for foreclosure assistance or loan modifications, Attorney General Roy Cooper announced Friday.
Buchanan Helps Homeowners with Chinese Drywall Avoid Foreclosure
Washington, DC - December 3, 2009 - (RealEstateRama) -- Congressman Vern Buchanan (FL-13) voted for legislation today to help Florida homeowners suffering from toxic Chinese drywall avoid foreclosure. Buchanan is an original cosponsor of H. Con. Res. 197, which l passed the House 419 to 1. The bill would encourage banks and mortgage servicers to provide impacted homeowners with temporary forbearance on their mortgage payments.
Foreclosure Mitigation Counseling a Success in Florida and Nationwide
TALLAHASSEE, FL - December 2, 2009 - (RealEstateRama) -- Florida Housing Finance Corporation (Florida Housing) recently received a report stating the funds from the NeighborWorks® America’s National Foreclosure Mitigation Counseling Program (NFMC) is a success with helping Floridians facing foreclosure in the state
Free mortgage help available at foreclosure prevention event
SEATTLE, WA - December 3, 2009 - (RealEstateRama) -- Are you struggling to pay your mortgage because of a subprime loan, a job loss or a one-time financial crisis like an illness or divorce?
Castor’s Statement on Mortgage Modification Initiative
Washington, DC - December 1, 2009 - (RealEstateRama) -- U.S. Representative Kathy Castor released the following statement today. "Tampa Bay area families will benefit under the improved mortgage modification campaign announced by the Obama Administration today. Qualified families must be proactive and loan servicers must be held accountable for results.
Castor’s Statement on Mortgage Modification Initiative
Washington, DC - December 1, 2009 - (RealEstateRama) -- U.S. Representative Kathy Castor released the following statement today. "Tampa Bay area families will benefit under the improved mortgage modification campaign announced by the Obama Administration today. Qualified families must be proactive and loan servicers must be held accountable for results.
Federal Home Loan Bank of San Francisco, Local Organizations Host Foreclosure Prevention Workshops
Events in Ukiah and Lakeport Help Consumers Facing Housing Issues. Ukiah, CA - November 27, 2009 - (RealEstateRama) -- The Federal Home Loan Bank of San Francisco (FHLBank San Francisco), working with the Mendocino/Lake Housing Foreclosure Prevention Coalition, hosted community housing workshops last weekend in Mendocino and Lake Counties
Van Hollen & State Agencies Join FTC in Targeting Loan Modification Schemes That Prey...
MADISON, WI - November 24, 2009 - (RealEstateRama) -- Attorney General J.B. Van Hollen today joined federal and state officials to crack down on loan modification and foreclosure relief scams, including against two California-based companies that took money from distressed Wisconsin homeowners."
Van Hollen & State Agencies Join FTC in Targeting Loan Modification Schemes That Prey...
MADISON, WI - November 24, 2009 - (RealEstateRama) -- Attorney General J.B. Van Hollen today joined federal and state officials to crack down on loan modification and foreclosure relief scams, including against two California-based companies that took money from distressed Wisconsin homeowners."
