January 31, 2011
AtomStack
The state’s Supreme Judicial Court, which agreed last month to take the appeal, already ruled Jan. 7 that banks can’t foreclose on a house if they don’t own the mortgage. ..
January 31, 2011
IdahoStatesman.com
Meridian-based IdahoDataProviders, which tracks foreclosures in the Treasure Valley, expects the number of distressed properties in the area to begin climbing again this year after a slight falloff in 2010...
January 30, 2011
KTNV Las Vegas
Las Vegas, NV (KTNV) – Nevada still leads the nation in foreclosures. According to Realty Trac, the state saw more than 163,000 new foreclosure filings last year...
January 30, 2011
Suffolk News-Herald
Sales of homes in Hampton Roads rose slightly in December, but the real estate industry was still reeling from the lingering effects of a recession that officially ended more than 18 months ago...
January 29, 2011
Boston Globe
Massachusetts Attorney General Martha Coakley’s office revised and refiled a bill yesterday requiring banks to offer loan modifications to homeowners with subprime loans before attempting to foreclose...
January 29, 2011
Tbo.com
The residents of Tampa's Royal Park Apartments at 6919 Bonair Drive have not been officially notified, but word that the property was in foreclosure spread ...
January 28, 2011
USA Today
The FBI is investigating whether speculators have been rigging bids at courthouse auctions of foreclosures in Northern California to keep prices artificially low...
January 28, 2011
Baltimore Sun
Attorneys who handle foreclosures for Fannie Mae will be able to charge as much as $1,300 per case in the state starting next month, a nearly 40 percent jump that will make Maryland's fee one of the highest in the nation...
January 27, 2011
St. George Daily Spectrum
CEDAR CITY - A release of December 2010 foreclosure filings in Utah revealed Washington County leads the state in number of foreclosed...
January 27, 2011
Washington Post
Through a federal program to renovate foreclosed homes, the 34-year-old public works laborer bought his first house in Waukegan, Ill., for $138,000. He moved his family out of an apartment and into a two-story, two-bedroom, 2½-bath home in a "nice and peaceful neighborhood."..
January 26, 2011
Atlanta Journal Constitution
Living in a state with one of the quickest foreclosure tracks in the nation, many struggling Georgians learn that their homes will be sold on the courthouse steps just a matter of weeks before the sale...
January 26, 2011
KTVU San Francisco
OAKLAND, Calif. -- The FBI Tuesday was investigating a dark underside to the Bay Area's mortgage crisis that finds some unscrupulous investors colluding to keep prices low when foreclosed homes are sold at auction...
January 25, 2011
Huffington Post (blog)
Today, the foreclosure crisis is driving millions of Americans from security to despair, and the toll is falling most heavily on communities of color. We watch with horror as communities are losing wealth by the billions and are forced to flee the communities they have lived in ..
January 25, 2011
Portfolio.com (blog)
J.P. Morgan wrongly chucked 14 military families out of their homes and overcharged thousands more for mortgages, the Wall Street Journal reports today. It’s a black mark for the one big bank that has survived the mortgage crisis and bailout with a relatively decent reputation...
January 24, 2011
San Jose Mercury News
Lenders issued fewer default notices to homeowners in Santa Clara and San Mateo counties last year, marking the first year-to-year decline since the foreclosure crisis erupted in...
January 24, 2011
Crain's Detroit Business
With a shrinking number of foreclosure sales last year, the price of foreclosed homes in metro Detroit showed an increase compared with 2009...
January 23, 2011
KBND
Oregon Senator Jeff Merkley says the federal government must do more to help stem the flow of foreclosures. He says the federal home affordable modification program is not working. “The difficulty of having a common point of impact, of papers being lost, of suggestions to make partial payments or not make full payments. And while you are pursuing a modification tract, a foreclosure tract is also being pursued which has created enormous stress and confusion.”...
January 23, 2011
Wall Street Journal
NEW YORK (Dow Jones)--J.P. Morgan Chase & Co. (JPM) wrongly foreclosed on 14 active-service military families and overcharged thousands more on their mortgages, an ongoing internal bank review has found...
January 22, 2011
BusinessWeek
Virginia House and Senate bills are taking aim at "drive-by foreclosures" by big banks without judicial review and aggravated by incomplete records...
January 22, 2011
Boston Globe
Massachusetts foreclosures dropped nearly 44 percent in December when compared to the same time a year ago, and foreclosure petitions, the first step in the foreclosure process, were also down dramatically last month, the Warren Group said today...
January 21, 2011
Bloomberg
Ally Financial Inc.’s GMAC Mortgage unit agreed to drop about 250 foreclosure cases in Maryland that were tied to defective affidavits, the company said today.
GMAC made the decision in November to dismiss and re-file active foreclosure cases that could have been affected by flawed foreclosure affidavits, Gina Proia, a spokeswoman for Ally said today in an e-mailed statement.
“We’re dismissing the cases but they will be re-filed,” Proia said. “The intention is to re-file the cases to go through the new foreclosure procedures in Maryland.” ...
January 21, 2011
Wall Street Journal (blog)
The lending industry should compensate consumers harmed by shoddy foreclosure practices and is in need of far-reaching reforms to ensure that homeowners get better treatment in the future, a top U.S. banking regulator said Wednesday.
January 17, 2011
Nashua Telegraph
It’s been widely reported that as many as one in four homes is underwater. Moody’s Economy.com pegs the problem at 30 percent. Both numbers make headlines but neither represents reality. I’ve been personally suspect of the estimates because if they were accurate we would be in the midst of real estate Armageddon, and the market isn’t world-annihilation bad...
January 20, 2011
The Star-Ledger - NJ.com
...Early Thursday morning, she heard about a home preservation workshop for Wells Fargo and threw together their mortgage paperwork together as quickly as she could. The prospect of meeting with a counselor in person was enticing — Joi had tried four times to get a loan modification over the phone, but each time her bank said she didn’t file the paperwork properly....
January 20, 2011
TheDay.com
A high foreclosure rate has translated into more sales of mobile homes in eastern Connecticut over the past year, local real estate experts agree...
January 19, 2011
Los Angeles Times
I know enough about foreclosure to understand that the trustee sale will mean the end of my current landlord's ownership of the house. ...
January 19, 2011
Appleton Post Crescent
In December, U.S. foreclosure filings were off 26 percent from December 2009, RealtyTrac reported. In November, filings were down 14 percent year over year. The December drop was the biggest in at least five years. December's foreclosure filings are the lowest monthly total since June 2008...
January 14, 2011
KARE
Foreclosures aren't over yet. In fact, the worst is coming. Foreclosures are expected to stay at high levels through the year as homeowners continue to face high unemployment...
January 18, 2011
The Atlantic
Since he has frequently made the point in the comments section that non-lawyers are egregiously misunderstanding the issues at stake, I have asked Rob Lyman to explain what he means. Rob used to have his own blog, once upon a time, and as you can see, the world lost a great blogger when he gave it up...
January 18, 2011
HULIQ
One in 45 housing units in the U.S. received at least one foreclosure filing in 2010. Nevada, Arizona and Florida top the list of states with the highest foreclosure rates last year...
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