Foreclosures Newswire

Comprehensive Real-Time News Feed for Foreclosures.

Results 1 - 20 of 7,602 in Foreclosures

  1. Fed Faulted on Handling of Foreclosure Accord in Watchdog ReportRead the original story w/Photo

    15 min ago | National Mortgage News

    The Federal Reserve must take steps to improve handling of complex settlements like the one reached with mortgage servicers over improper foreclosures, an internal watchdog said in a report. Lax preparation and management led to poor execution of 2013 accords with 13 companies including Bank of America Corp. and JPMorgan Chase & Co.

    Comment?

  2. Local Attorney Ran Fraudulent Mortgage Rescue Scheme, Says State AGRead the original story w/Photo

    17 min ago | Sheepshead Bites

    Attorney General Eric Schneiderman is suing a local law firm and its namesake attorney, accusing them of running a fraudulent mortgage rescue scheme that ripped off financially vulnerable homeowners facing foreclosure. The attorney general filed suit in New York County Supreme Court yesterday against Midwood-based Litvin Law Firm and Miami-based Litvin, Torrens & Associates, as well as their principal attorney, Gennady Litvin.

    Comment?

  3. Making Consumer Voices CountRead the original story w/Photo

    59 min ago | Center for American Progress

    An arrow on the floor points the way for homeowners attempting to lower their monthly mortgage payment at a mortgage relief event in Atlanta, September 2014. The Consumer Financial Protection Bureau, or CFPB, recently requested comments on its "Proposed Policy Statement: Disclosure of Consumer Complaint Narrative Data."

    Comment?

  4. Metro Orlando foreclosure inventory declines in AugustRead the original story w/Photo

    1 hr ago | Business Journal

    ... area was 4.3 percent, down 3.4 percentage points from the year-ago period. In addition, the region had 14,375 foreclosures completed for the 12 months ending August 2014. According to CoreLogic, completed foreclosures indicate the total number of ...

    Comment?

  5. Communities lose when HUD sells loans to Wall StreetRead the original story w/Photo

    1 hr ago | The Hill

    ... and neighborhoods come last. The result: more and more American homeowners losing their homes to unnecessary foreclosures and more and more corporate landlords leasing homes at rates few of these former homeowners, let alone anyone else, can afford. ...

    Comment?

  6. Job loss may lead to lower mortgage payments under HAMPRead the original story w/Photo

    1 hr ago | Sandusky Register

    In last week's Foreclosure Stories article, entitled Divorce, Death and HAMP, we pointed out that trying personal and financial circumstances such as divorce and death oftentimes may lead to substantially lower mortgage payments, allowing the homeowner to continue living in his or her home despite the fact that their household income has been drastically reduced. The same is true when that income reduction is due to a family member's job loss.

    Comment?

  7. For Better or Worse: Michigan Communities After the RecessionRead the original story w/Photo

    1 hr ago | Patch.com

    ... with shrunken property tax revenue, cuts in state and federal aid and a rise in tax delinquencies and home foreclosures. The 24 percent of jurisdictions in financial decline represents 443 struggling local governments across the state. The poll, ...

    Comment?

  8. Ruling lets bankrupt city cut pension benefitsRead the original story

    3 hrs ago | WAFB-TV Baton Rouge

    ... wages and health benefits. With the recession, building dried up, and Stockton became ground zero for home foreclosures. Like many residents, City Hall couldn't pay its bills. The city slashed its budget by millions of dollars and laid off 25 ...

    Comment?

  9. Ruling lets bankrupt city cut pension Read the original story w/Photo

    2 hrs ago | Albany Times Union

    ... wages and health benefits. With the recession, building dried up, and Stockton became ground zero for home foreclosures. Like many residents, City Hall couldn't pay its bills. The city slashed its budget by millions of dollars and laid off 25 ...

    Comment?

  10. Manka's owner builds presence in OlemaRead the original story

    3 hrs ago | Point Reyes Light

    Margaret Grade, the eccentric lodge and restaurant owner with a presence in Inverness for over two decades, purchased two properties in West Marin's tiny town of Olema over the last several months: the Olema Schoolhouse and the Druid's Hall. According to realtor B.G. Bates, the schoolhouse sold in July for $995,000, an additional $200,000 over the asking price.

    Comment?

  11. Foreclosure inventory down 32.8% from August 2013Read the original story w/Photo

    4 hrs ago | Housing Wire

    There were 45,000 completed foreclosures nationally, down from 58,000 in August 2013, a year-over-year decrease of 22.2%, according to the latest data from CoreLogic. On a month-over-month basis, completed foreclosures were up slightly by 1.1% from the 44,000 reported in July 2014.

    Comment?

  12. Foreclosures still 3 times the normal levelRead the original story w/Photo

    4 hrs ago | MarketWatch

    ... statement. Since homeownership rates peaked in the second quarter of 2004, there have been 7 million completed foreclosures - 15% of all mortgages. There were 45,000 completed foreclosures nationally, down 22% from 58,000 in August 2013. The ...

    Comment?

  13. Indictment Charges Six in Multi-Million-Dollar Mortgage Fraud SchemeRead the original story

    4 hrs ago | Hispanic Business

    Some of the defendants are also charged with bank fraud and wire fraud. According to the indictment, the defendants engaged in a scheme in which they offered to help financially-vulnerable individuals save their homes from foreclosure or obtain money from the equity in their homes and, instead, defrauded the homeowners and mortgage lenders.

    Comment?

  14. William D. Schroeder, Jr. Attorney at Law Demonstrates How to Stop...Read the original story

    9 hrs ago | PR.com

    When one individual owes another money, it is not uncommon for tempers to rise. Though it is the daily job of a creditor to communicate with individuals who are dealing with credit stress or bankruptcy, they often come across as pushy and rude when money is owed.

    Comment?

  15. Mart Solu and Jill Berg Join RE/MAX Alliance GroupRead the original story

    9 hrs ago | PR.com

    Husband-and-wife Realtor team Mart Solu and Jill Berg have joined the RE/MAX Alliance Group Sarasota office. They return to RE/MAX Alliance Group after two years with another real estate firm.

    Comment?

  16. US Jobless Benefit Claims Hit 8-Year LowRead the original story w/Photo

    Yesterday | Voice of America

    The number of U.S. workers making claims for unemployment benefits fell last week to its lowest level in more than eight years. Thursday's report was another signal that the American economy, the world's largest, is continuing its recovery from the steep recession in 2008 and 2009, the worst in seven decades.

    Comment?

  17. Hair v. Deutsche Bank National Trust Company 2003Read the original story w/Photo

    Tuesday | FindLaw

    Calvin HAIR, Appellant-Plaintiff, v. DEUTSCHE BANK NATIONAL TRUST COMPANY, As Trustee for Ameriquest Mortgage Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2003-1, Appellee-Defendant.

    Comment?

  18. Brookstone Law Saves Homeowners Over $3.1 Million in Mortgage Principal ReductionsRead the original story w/Photo

    9 hrs ago | PRWeb

    Brookstone Law has saved homeowners over $3.1 Million in Mortgage Principal Reductions from Bank of America, Wells Fargo, OCWEN & OneWest Bank. In just one case they were able to save $615,000 after six months, numerous phone calls and serious negotiations between Brookstone Law and Bank of America before borrower was finally approved for a Trial modification with a principle reduction of $615,787.10.

    Comment?

  19. Foreclosure rates dropRead the original story

    11 hrs ago | Altoona Mirror

    Foreclosure rates in Altoona decreased for the month of July over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Altoona area foreclosures among outstanding mortgage loans was 1.28 percent for the month of July, a decrease of 0.44 percentage points compared with July 2013 when the rate was 1.72 percent.

    Comment?

  20. Berman: Dan Gilbert's take on The Blight StuffRead the original story w/Photo

    11 hrs ago | Detroit News

    Berman: Dan Gilbert's take on The Blight Stuff Detroit investor pledges his dedication to blight elimination in Detroit Check out this story on detroitnews.com: http://detne.ws/1x0MlYE Over decades, the bungalows built on Garland in the 1910s and '20s began to deteriorate, and the decay accelerated during the foreclosure crisis in the late 2000s. Many of the longtime residents moved or died, and the houses were rented out or sat empty.

    Comment?