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Foreclosure News

Foreclosures news continually updated from thousands of sources around the net.

1 hr ago | JD Supra

Battling on the Front Lines of Foreclosures: What must a Lender...

A complicated, but sometimes overlooked, issue facing foreclosing lenders is properly handling and defending against claims that a servicemember-owner is entitled to protections from foreclosure based on his or her status as a servicemember. The "Servicemembers Civil Relief Act ," 50 App.

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Related Topix: US Navy

2 hrs ago | Russia Taday

Biden accused of anti-Semitism after Shylock comment

US Vice President Joe Biden has drawn criticism from a top Jewish group for calling bankers who have preyed on service members deployed overseas as "Shylocks," a term often condemned as an anti-Semitic stereotype. Biden, speaking Tuesday before the Legal Service Corporation, which provides lawyers to those who can not afford them, mentioned his son, Delaware Attorney General Beau Biden, who was deployed for a year in Iraq.

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Related Topix: US Politics, Joe Biden, US News

3 hrs ago | Curbed

On the Auction Block: Trump Soho Heads to Foreclosure Due to Unsellable Condos

When more than two-thirds of a building's units languish on the market, that's never a good sign, and the Trump Soho has sold less than a third of its 391 condo-hotel units . Now the Journal reports that the development's lender, CIM Group , is taking control of the building through a foreclosure and will auction off the property.

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Related Topix: Real Estate

5 hrs ago | Business Journal

NYS probing nine companies over lending practices

PMG Lending Group is one of nine businesses issued subpoenas by the New York State Department of Financial Services, which is launching an investigation to determine whether certain companies are intentionally making short-term, high-interest loans to New Yorkers secured by borrowers' homes or other real estate. The practice - known as "hard money" lending - does not typically evaluate borrowers' ability to repay the loans.

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Related Topix: New York, North Yorkshire County, England, World News, East Riding of Yorkshire County, England, United Kingdom

10 hrs ago | NorthJersey.com

Rockaway Township Council hears presentation on Green Pond Mews

The Rockaway Township Town Council returned to sessions on Tuesday, Sept. 9. The meeting began with a presentation by Blair Bravo of Morris County Habitat of Humanity.

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Related Topix: Morris County, NJ, Home, Mortgage, Personal Finance, White Meadow Lake, NJ

Tue Sep 16, 2014

Switched

Newt Gingrich Is Why America Can't Have Nice Things

To most Americans, Gingrich is a charming curiosity: His latest stint with public relevancy was a quixotic 2012 presidential bid in which he visited many of the nation's finest zoos and advocated the establishment of lunar colonies .* But on another level, Gingrich's Tuesday speech on housing before the Bipartisan Policy Center epitomizes the soft corruption of Washington elites at their worst. As Speaker of the House in 1995, Gingrich opted to shut down the federal government rather than cut a budget deal with President Bill Clinton.

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Related Topix: US Politics, US News, Newt Gingrich, Financial Services, Fannie Mae, Home, Mortgage, Personal Finance

JD Supra

What Exactly Is A Subordination, Non-Disturbance And Attornment Agreement, And Why Do I Need One?

While most commercial leases contain a requirement that the tenant will execute a "Subordination, Non-Disturbance and Attornment Agreement," commonly referred to a an "SNDA," a majority of tenants who have signed such leases, and most likely several of the real estate agents who have represented those tenants, would be hard pressed to explain the meaning of an SNDA, and why they are needed by both commercial lenders and tenants. As implied by its name, an SNDA is really three agreements all wrapped up in one neat package.

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Related Topix: Real Estate, Personal Finance, Mortgage

Housing Wire

California man found guilty in $5.8 million mortgage fraud scheme

Alan David Tikal, 46, of Brentwood, California, was convicted yesterday on 11 counts of mail fraud and one count of money laundering in a mortgage fraud scheme through which he stole $5.8 million in fees and monthly payments from struggling homeowners. According to evidence presented at a one-day bench trial, Tikal operated a business known as KATN and falsely claimed to be a registered private banker between January 2010 and August 2013.

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Related Topix: Brentwood, CA, Home, Mortgage, Personal Finance

Patch.com

Home Loan Rescue Program Adds $5 Million to Oakland Property Values

A program backed by the Troubled Asset Relief Act has helped more than 550 Oakland County residents remain in their homes. A program that helps Oakland County homeowners pay off delinquent property taxes, interest and fees just received its five-millionth dollar, according to a news release.

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Related Topix: Oakland County, MI, George Bush, W., Home, Mortgage, Personal Finance

JD Supra

Foreclosure of DC Condominium Association's Lien for Unpaid...

The District of Columbia's condominium "super-priority lien" law grants super-priority to condominium association liens for up to six months of unpaid assessments. The super-priority lien law does not specify what happens when the condominium association forecloses and the proceeds of the sale are insufficient to pay the first deed of trust.

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Related Topix: Washington DC, Home, Mortgage, Personal Finance

KSFY

Lakewood Mall in Aberdeen has new ownership

Foreclosure of a business can concern many people, foreclosure of an entire mall can concern even more. It's been 9 months since a Delaware Mortgage company foreclosed on the Lakewood Mall in Aberdeen, but since Thursday it is under new ownership.

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Related Topix: Personal Finance, Mortgage

ABC15.com

Woman duped in trying to refinance home loan

Severe Thunderstorm Warning issued September 16 at 3:29AM MST expiring September 16 at 4:15AM MST in effect for: Maricopa Areal Flood Advisory issued September 16 at 3:19AM MST expiring September 16 at 7:15AM MST in effect for: Maricopa Flash Flood Watch issued September 15 at 2:47PM MST expiring September 18 at 6:00PM MST in effect for: Gila, La Paz, Maricopa, Pinal Flash Flood Watch issued September 15 at 2:54PM MST expiring September 18 at 6:00PM MST in effect for: Apache, Coconino, Gila, Navajo, Yavapai PHOENIX - Sibyelle Freiwald tried for a long time to get her home loan refinanced. "I've tried with different companies.

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JD Supra

N.C. Supreme Court Issues Significant Ruling On Commercial...

On August 20, 2014, the North Carolina Supreme Court issued an opinion giving great weight to properly-drafted forbearance agreements in a commercial loan and guaranty context. RL REGI N.C., LLC v.

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Related Topix: Wilmington, NC, Economics News, Bankruptcy

Hispanic Business

Supreme Court focuses on foreclosures

THE SUPREME Court will on Tuesday begin hearing arguments for and against the president's refusal to sign off on four bills related to repossessions legislation. President , after having refused to sign them into law on the grounds that they are unconstitutional.

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Mon Sep 15, 2014

RecordNET

S.J. County foreclosures drop sharply

Foreclosure activity in San Joaquin County dropped sharply in August, falling nearly one-third from July and more than 50 percent from August 2013, real estate data firm RealtyTrac Inc. recently reported. It tallied a total 205 foreclosure related filings - notices of default, trustee sales or bank repossessions - in August for the county, compared to 300 such filings in July and 458 a year ago.

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Related Topix: August, CA, San Joaquin County, CA

American Reporter

Momentum10 Reasons Why Jim Douglas Must Go

I have written often over the past few years about the house of cards that is the American economy, but the events of the past week should frighten everybody. First, there was the collapse of IndyMac, a California bank deeply involved in subprime lending.

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Related Topix: Financial Services, Fannie Mae, Home, Mortgage, Personal Finance, Freddie Mac, Financial Markets

WXMI-TV Grand Rapids

Kalamazoo mother loses home over one missed property tax payment

It's been a rough couple of years for Deborah Calley, who's overcome physical and mental obstacles, following a devastating car accident. The crash happened in 2008, leaving Calley with several injuries to her arms, wrists and neck.She said she had four big bruises on her brain, and says doctors were surprised that she doesn't have permanent brain damage.

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Related Topix: Kalamazoo, MI, Richland, MI, Home, Mortgage, Personal Finance

Investopedia

Purchasing A Short-Sale Property

When shopping for a home, you may notice that certain listings are labeled as short sales , short pays or pre- foreclosures . All of these terms mean the same thing: the seller is upside-down on his or her mortgage and is attempting to negotiate a deal with the lender in the hope of avoiding foreclosure.

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Related Topix: Home Listing, Home, Mortgage, Personal Finance

Wall St. Cheat Sheet

7 States Leading the Rebound in Foreclosure Activity

While various aspects of the housing market have gradually improved from the trough of the financial crisis, foreclosure activity continues to remind us that the recovery is a painfully slow process. The number of foreclosure filings in the United States reached 116,913 in August, up 7 percent from the previous month, according to a new report from RealtyTrac.

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Related Topix: Personal Finance, Mortgage

Business Journal

Orlando home sales down, median price up in August

Orlando-area home sales declined in August while the median price continued to trend upward - albeit at a slower pace, the Orlando Regional Realtor Association reports.

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Related Topix: Orlando, FL, Housing, Real Estate

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