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Foreclosure News

• BofA lied to homeowners and rewarded foreclosures, former employees say - Honolulu Star-Advertiser June 20, 2013
  BofA lied to homeowners and rewarded foreclosures, former employees sayHonolulu Star-AdvertiserBank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.Bank of America rewarde […]
• Ohio may get OK to use foreclosure-prevention money to tear down more eyesores - Plain Dealer June 20, 2013
  Cincinnati CityBeatOhio may get OK to use foreclosure-prevention money to tear down more eyesoresPlain DealerThat question, asked quietly until this week, is raising the blood pressure of some nonprofit housing counselors and foreclosure-prevention officials. They say they need the money for its intended use: to counsel homeowners, loan them money and help . […]
• Wells Fargo halts home foreclosure of Etienne Syldor, man who paid early - WFTV Orlando June 20, 2013
  Wells Fargo halts home foreclosure of Etienne Syldor, man who paid earlyWFTV Orlando... foreclosure received good news Wednesday. His attorney said after Channel 9's story aired, she heard from Wells Fargo and said the bank had not only halted foreclosure, but restored his mortgage and even lowered his interest rate and monthly payments. […]
• Gardens of Grapevine facing foreclosure for the second time in two years - Fort Worth Star Telegram June 20, 2013
  Gardens of Grapevine facing foreclosure for the second time in two yearsFort Worth Star TelegramFor the second time in two years, Branch Banking & Trust in North Carolina has posted the undeveloped 192-acre Gardens of Grapevine project near Grapevine Mills mall for foreclosure. BB&T posted the property for foreclosure two years ago, but owner ... […]
• Milwaukee's foreclosure effort needs private help - Milwaukee Journal Sentinel June 19, 2013
  Milwaukee's foreclosure effort needs private helpMilwaukee Journal SentinelOn June 13, as the number of tax-foreclosed homes in Milwaukee's central city swelled to near 1,000, Mayor Tom Barrett allocated more than $2.37 million to demolish dilapidated homes and provide financial support to a number of worthwhile non-profits ... […]
• Banks miss standards set under foreclosure settlement, monitor says - OregonLive.com June 19, 2013
  NewsdayBanks miss standards set under foreclosure settlement, monitor saysOregonLive.comThe settlement announced in February 2012 required participating banks -- Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo -- to make $25 billion in payments to previously foreclosed homeowners, payments to participating states and aid ...'We were tol […]
• Foreclosure filings down by half in Colorado urban counties - Denver Business Journal June 19, 2013
  Foreclosure filings down by half in Colorado urban countiesDenver Business JournalBoth foreclosure filings and sales are now at their lowest levels in Colorado's metro areas since the state began tracking those numbers in 2007, based on a six-month moving average. For the first five months of the year, foreclosure filings were down ...Area had fewer for […]
• Detroit couple saves home from foreclosure by writing erotic novels - New York Daily News June 19, 2013
  New York Daily NewsDetroit couple saves home from foreclosure by writing erotic novelsNew York Daily NewsIt's "Fifty Shades of Pay" for this Detroit couple — who saved their family home from foreclosure by cranking out sexy e-novels. Last year, Jack and Jasinda Wilder were just weeks away from living on the streets when they decided to get dow […]
• Colorado foreclosure filings dive 50 percent in May - Denver Post June 19, 2013
  Colorado foreclosure filings dive 50 percent in MayDenver PostFor the first five months of the year combined, from January through May, foreclosure filings were down 43.4 percent in 2013 when compared to the same period in 2012, according to the report released Wednesday by the Colorado Division of Housing. […]
• Meet the Nation's Toughest New Foreclosure Protection Law - The Atlantic Cities June 19, 2013
  Meet the Nation's Toughest New Foreclosure Protection LawThe Atlantic CitiesVacant, foreclosed homes are a particularly illogical problem. The former owners who likely could have paid rent to stay in them have been kicked out. The banks that booted them make no money on all that empty space as it winds through the lengthy ... […]