Foreclosure News

• New foreclosure lawsuits include Weston shopping center - South Florida Business Journal May 24, 2013
  New foreclosure lawsuits include Weston shopping centerSouth Florida Business JournalWells Fargo Bank, representing a commercial mortgage-backed securities (CMBS) trust, filed an $11.6 million foreclosure lawsuit on April 30 against Waterway Shoppes II. The borrower is managed by Barry J. Belmont and Peter Mardinly, of Media, Pa., but ... […]
• Foreclosure rescue scam ringleaders sentenced - Business Courier of Cincinnati May 24, 2013
  Foreclosure rescue scam ringleaders sentencedBusiness Courier of CincinnatiThe men, through a company called American Equity Group, approached homeowners who were facing foreclosure and offered to find a buyer for the property that would allow the current owner to stay as a renter until they were able to buy it back ...$6.8M scam leaves trail of foreclosures […]
• Oregon foreclosure assistance program for the unemployed gets a reprieve - OregonLive.com May 24, 2013
  Oregon foreclosure assistance program for the unemployed gets a reprieveOregonLive.comBut specifics for that new program are still being ironed out, said Ben Pray, the spokesman for Oregon Housing and Community Services, which oversees the state foreclosure aid programs. The state also saw renewed demand for the program in what was ... […]
• From death row, Freemansburg cop killer fights foreclosure - Allentown Morning Call May 24, 2013
  From death row, Freemansburg cop killer fights foreclosureAllentown Morning CallFacing mortgage foreclosure on the New Street property where he shot Robert A. Lasso in the back of the head in 2011, Hitcho is fighting the bank to keep the house. In a legal filing from a state prison in southwestern Pennsylvania, Hitcho says he ... […]
• Man Who Paid His Mortgage Early Facing Foreclosure - ThinkProgress May 24, 2013
  Man Who Paid His Mortgage Early Facing ForeclosureThinkProgressMajor banks have been widely reported to use a process known as “dual tracking” in which they work with a borrower on a modification while also pursuing foreclosure. Some instructed borrowers to stop making payments to help enter the modification ...First Circuit Revives Claim for Faulty Foreclos […]
• This Week in Poverty: Homeowners Take the Foreclosure Fight to the DOJ - The Nation. (blog) May 24, 2013
  The Nation. (blog)This Week in Poverty: Homeowners Take the Foreclosure Fight to the DOJThe Nation. (blog)But on Monday morning at Freedom Plaza in Washington, DC, she was ready to march to the Department of Justice, where she would risk arrest in order to save her family's home and stand up for other people facing foreclosure. “Banks are doing extreme […]
• Critics say Michigan foreclosure bills seek to 'get people out of their homes ... - MLive.com May 24, 2013
  Critics say Michigan foreclosure bills seek to 'get people out of their homes ...MLive.comThe Senate Banking and Financial Institutions Committee on Thursday approved a four-bill package, introduced one day earlier by a group of Republican lawmakers, that would extend a pre-foreclosure negotiation period allowing residents to seek loan ...State Senate c […]
• Miami foreclosure rate down, but still high - MiamiHerald.com May 24, 2013
  HNN Huntingtonnews.netMiami foreclosure rate down, but still highMiamiHerald.comForeclosure rates in the greater Miami area remain astonishingly high, but they're headed in the right direction. In March, 13.25 percent of the outstanding mortgages in the Miami, Miami Beach and Kendall area were in some stage of the foreclosure ...Charlotte foreclosure ra […]
• Foreclosure rates halved across region - Sacramento Bee May 24, 2013
  Foreclosure rates halved across regionSacramento BeeForeclosures in the Sacramento region fell in March by more than half from the same month a year ago, CoreLogic reported Thursday. In the four-county region, the rate of foreclosures among outstanding mortgages was 1.26 percent in March compared with ...and more » […]
• Michigan homeowners in foreclosure would have less time to save, sell home ... - MLive.com May 23, 2013
  Michigan homeowners in foreclosure would have less time to save, sell home ...MLive.comRandy Richardville of Monroe, Mike Nofs of Battle Creek and Jim Marleau of Lake Orion, would extend the state's 90-day pre-foreclosure negotiation period through January 10. That's when new federal regulations kick in mandating a 120-day period, which ... […]