” If policymakers have learned anything from the subprime meltdown, it’s that the hybrid model doesn’t work. As the saying goes, it privatizes the upside and socializes the downside. There’s no such thing as an “implicit” government guarantee — if Wall Street pins its investing on the likelihood of a federal bailout, there will be a bailout. So let’s not do that again, shall we?”
News, Research & Insights for American Homeowners, Patriots & Constitutional Conservatives
Foreclosure News
- Sales of previously owned homes rise 3.4% in April - Philadelphia Inquirer May 23, 2012Sales of previously owned homes rise 3.4% in AprilPhiladelphia InquirerEconomist Lawrence Yun agreed that “ a diminishing share of foreclosed-property sales is helping home values.” CHRIS O'MEARA / Associated Press Sales of previously owned homes rose 3.4 percent in April from March levels and were 10 percent higher than ...Local pending home sales up 1 […]
- County foreclosure rate up 55 percent in April - Gazette.Net: Maryland Community News Online May 23, 2012County foreclosure rate up 55 percent in AprilGazette.Net: Maryland Community News Onlineby gazette staffStaff Writer Montgomery County's home foreclosure filing rate in April leapt 54.5 percent from March, but fell 11.9 percent from April 2011, according to new data from RealtyTrac of Irvine, Calif. With a rate of one filing per 2410 ... […]
- County official sees value in 'land bank' of foreclosed properties - Chicago Sun-Times May 23, 2012County official sees value in 'land bank' of foreclosed propertiesChicago Sun-TimesBY DAVID ROEDER droeder@suntimes.com May 22, 2012 8:30PM Land banks, agencies set up to acquire vacant and foreclosed homes and make them community assets once again, work in Michigan, Ohio and New York and the idea should get a tryout here, ... […]
- Tornado And Foreclosure Double Whammy For Minneapolis Homeowner - The UpTake May 22, 2012Tornado And Foreclosure Double Whammy For Minneapolis HomeownerThe UpTakeShe resettled in Saint Paul, but before getting her new place she found out something else: She was in foreclosure. She claims she didn't receive any notice of that. Something that TCF Bank disputes. Around the time of Thanksgiving she says, ...and more » […]
- Florida sends $33.4 million in foreclosure settlement money to general revenue - MiamiHerald.com (blog) May 22, 2012Florida sends $33.4 million in foreclosure settlement money to general revenueMiamiHerald.com (blog)Florida is one of several states taking a portion of the $2.5 billion in cash payments from big banks and using it for programs not directly related to the foreclosure crisis, ProPublica reports. A spokeswoman for Attorney General Pam Bondi—who ...and more » […]
- Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds - OPB News May 22, 2012ProPublicaBillion Dollar Bait & Switch: States Divert Foreclosure Deal FundsOPB NewsStates have diverted $974 million from this year's landmark mortgage settlement to pay down budget deficits or fund programs unrelated to the foreclosure crisis, according to a ProPublica analysis. That's nearly forty percent of the $2.5 billion in ...Malloy, AG […]
- UPDATED: Foreclosure for Woodland family delayed to work out solution - Daily Democrat May 22, 2012News10.netUPDATED: Foreclosure for Woodland family delayed to work out solutionDaily DemocratThe couple were being foreclosed upon after a paperwork error. (Elizabeth Kalfsbeek/Democrat) Around a dozen members of Occupy Woodland, Sacramento and UC Davis camped out Monday night on the front lawn of an east Woodland home awaiting sheriff ...Anti-foreclosure ac […]
- More Foreclosure Victims Come Forward - NBC Connecticut May 22, 2012More Foreclosure Victims Come ForwardNBC ConnecticutBy Troubleshooter Chris Coffey A local attorney says more foreclosure victims are coming forward after a Troubleshooter's investigation into a Wethersfield business. A local attorney told the Troubleshooters more people have come forward to blame a ...Deo Buddhu Accused Of Mortgage Scam Promising False […]
- Monique Acosta, California Foreclosure Victim, Found Guilty Of Vandalizing Home - Huffington Post May 21, 2012CBS LocalMonique Acosta, California Foreclosure Victim, Found Guilty Of Vandalizing HomeHuffington PostForeclosure can be frustrating, but one couple found the process so upsetting that they allegedly decided to cut down some trees and throw them in their pool before moving out. A jury in Riverside, California found Monique Acosta of French Valley ...FRENCH […]
- Many eligible borrowers passing up foreclosure reviews - USA TODAY May 20, 2012USA TODAYMany eligible borrowers passing up foreclosure reviewsUSA TODAYBy Julie Schmit, USA TODAY Months after the first invitations were mailed, only a small percentage of eligible borrowers have accepted a chance to have their foreclosure cases checked for errors and maybe win restitution. By Jae C. Hong, ...Borrowers passing up foreclosure reviewsTucson […]