Foreclosures

Professional & Financial Regulation - Financial Institutions. September 21, 2009 - (RealEstateRama) -- Superintendent Lloyd P. LaFountain, III announced this week that recently completed analysis by the Bureau of Financial Institutions of second quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine.

September 21, 2009 - (RealEstateRama) -- Chief Justice Leigh I. Saufley announced that on September 23, 2009 the York County Pilot Project of the Foreclosure Diversion Program will hold its first informational session for homeowners facing mortgage foreclosure. The York County Pilot Project and the Foreclosure Diversion Program are the result of the recently enacted P.L. 2009, ch. 402, An Act To Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures. In accordance with the new law, the Supreme Judicial Court will establish a statewide program to provide mediation services in certain residential foreclosure actions in Maine. Although the Act requires that the mediation program be available statewide in 2010, the Court launched the Pilot Project on August 3, 2009, in York County to gain a better understanding before the Diversion Program is offered throughout the State. This first informational session will be held at the District Court in Springvale

September 21, 2009 - (RealEstateRama) -- Homeowners were invited to attend a free, comprehensive Foreclosure Counseling Fair on Saturday, September 12, to learn about foreclosure prevention and homeownership preservation. The event took place at Jordan High School on Atlantic Avenue near Artesia Boulevard in North Long Beach from 10:00 am to 3:00 pm. Registration began at 9:00 am; however, homeowners started lining up at 7:30 am.

AUGUSTA, ME - September 17, 2009 - (RealEstateRama) -- Maine homeowners receiving a recorded phone message from someone telling them to call "Maine Housing Authority" to help with foreclosure or to refinance their mortgage may be victims of a scam, state housing officials warned today

LANSING, MI - September 17, 2009 - (RealEstateRama) --Attorney General Mike Cox today announced that Michigan residents victimized by foreclosure fraud schemes can receive refunds as a result of charges filed against SaveMyHome USA, Payment Doctors and the Michigan Economic Reinstatement Program. The companies were held accountable after an undercover investigation by the Attorney General's office discovered that the companies' representatives made misleading statements and charged borrowers upfront fees in violation of the Michigan Credit Services Protection Act

Op-ed by Congresswoman Lucille Roybal-Allard (CA-34) and Ken Wade, Chief Executive Officer, NeighborWorks® America. September 16, 2009 - (RealEstateRama) -- A new wave of fraud is ripping homes out from under people who are stressed, desperate and facing foreclosure. The signs are literally nailed to posts and supermarket bulletin boards everywhere. They are advertised on television and on the internet: Refinance Your Mortgage; Facing Foreclosure? Modify Your Loan; Consolidate Your Debt, Refinance: Zero Down.

MINEOLA, NY - September 14, 2009 - (RealEstateRama) -- Nassau County Executive Thomas R. Suozzi today hosted Nassau's first Neighborhood Stabilization Program lottery for first-time homebuyers to purchase foreclosed properties in Nassau County.

DURHAM, N.C. - September 10, 2009 - (RealEstateRama) -- Durham residents and small business owners facing foreclosure or bankruptcy due to job loss and the current economic crisis can now seek specialized assistance to save their homes and their businesses thanks to a City of Durham-sponsored workshop next week.

Trenton, NJ - September 9, 2009 - (RealEstateRama) -- Assembly Republican Conference Leader Pete Biondi issued the following statement in response to a Star Ledger report today that residential foreclosure complaints in New Jersey increased 43 percent in July over the same month last year: