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Foreclosure News

• Wells Fargo pauses some foreclosures over new rules - Boston Globe May 18, 2013
  American Banker (subscription)Wells Fargo pauses some foreclosures over new rulesBoston GlobeSAN FRANCISCO — Wells Fargo & Co., the biggest US home lender, halted some foreclosure sales until it can understand new federal guidelines on seizures sent to the nation's large and mid-sized banks. The new rules from the Office of the Comptroller of ...Wel […]
• How Foreclosure Undermined Black and Brown Wealth - The Root - The Root May 18, 2013
  Progress IllinoisHow Foreclosure Undermined Black and Brown Wealth - The RootThe RootThis foreclosure tidal wave is why wealth for blacks and Latinos is at the lowest level ever recorded. Housing is the leading wealth asset for these two communities. Read Imara Jones' entire piece at Colorlines. The Root aims to foster and advance ...Colorlines: New Rep […]
• The tale of 'Elevate Chicago' and foreclosure blight in the neighborhoods - Chicago Tribune May 18, 2013
  The tale of 'Elevate Chicago' and foreclosure blight in the neighborhoodsChicago TribuneThirty-six thousand one hundred and twenty-three. That's the number of properties in Chicago listed last week in some stage of mortgage foreclosure. This is a disaster. This is a crisis. And though you wouldn't know it from the amount of news coverage […]
• Fussing over how Texas will spend $134M in foreclosure funds - Austin Business Journal (blog) May 17, 2013
  Fussing over how Texas will spend $134M in foreclosure fundsAustin Business Journal (blog)It appears lawmakers plan to use $134 million that the state received as part of the 2012 National Mortgage Settlement for general state funding instead of using the settlement money for its intended use of preventing foreclosures and ameliorating ... […]
• State's foreclosure scene still in crisis despite dip in filings, says Policy ... - Business First of Columbus (blog) May 17, 2013
  State's foreclosure scene still in crisis despite dip in filings, says Policy ...Business First of Columbus (blog)The study, based on state Supreme Court data, found new foreclosure filings dropped 1.5 percent to 70,469 in 2012 from 71,556 the prior year. Last year's level was well below Ohio's foreclosures peak of 89,061 in 2009, but it still […]
• Man Fights to Save Home From Foreclosure, Despite Payments - ABC News May 17, 2013
  Man Fights to Save Home From Foreclosure, Despite PaymentsABC NewsMan Fights to Save Home From Foreclosure, Despite Payments. Wells Fargo bank says Etienne Syldor's payments didn't follow its mortgage modification guidelines. 01:18 | 05/17/2013. Share: Transcript for Man Fights to Save Home From Foreclosure, ... […]
• Wells Fargo Leads Bank Foreclosure Halt After OCC Guidance (2) - Businessweek May 17, 2013
  Wells Fargo Leads Bank Foreclosure Halt After OCC Guidance (2)BusinessweekThe pause is needed “while we study the revised guidance from the OCC regarding imminent foreclosure sales,” Vickee Adams, a spokeswoman for San Francisco-based Wells Fargo, said today in a phone interview. “We expect it to be brief,” she said, ... […]
• Foreclosure defendant held winning ticket - The Sun May 17, 2013
  Foreclosure defendant held winning ticketThe SunEarlier this year, an Illinois man stood in a courtroom defending against a mortgage foreclosure, and pleaded for more time in his home. Unbeknownst to him, a winning $4.85 million lottery ticket sat in his cookie jar at home. The Chicago Tribune ... […]
• Former Kiss guitarist Ace Frehley to fight Yorktown foreclosure - The Journal News | LoHud.com May 17, 2013
  Former Kiss guitarist Ace Frehley to fight Yorktown foreclosureThe Journal News | LoHud.comThe guitarist faces a June 11 foreclosure conference at Westchester County Court in White Plains regarding his home at 1347 Spring Valley Road. If he or his attorney can't attend, the court must be informed a week beforehand, according to the May 8 notice.and more […]
• Foreclosure, finally, for the Shore Club in South Beach - MiamiHerald.com May 17, 2013
  MiamiHerald.comForeclosure, finally, for the Shore Club in South BeachMiamiHerald.comYears after the process started, a final judgment of foreclosure was entered Monday against the owners of the Shore Club on Miami Beach. Once a celebrity hangout, the hotel at 1901 Collins Ave. struggled during the recession and failed to recover its ...South Beach's Sh […]