January 04, 2011
Wall Street Journal
The foreclosure crisis that erupted four years ago has claimed more than five million American homes—about 10% of all homes with a mortgage. It began in lower-income neighborhoods and has spread to some of the most exclusive addresses in the U.S...
January 04, 2011
ABC News
The regulators said one reason for the increase in foreclosures is that banks have "exhausted" options for keeping many delinquent borrowers in their homes through programs such as loan modifications...
January 03, 2011
Allentown Morning Call
As homeowners around the country continue to struggle to fend off foreclosure proceedings, a working group of attorneys general and banking officials from all 50 states has been gathering evidence in its probe of potentially improper or illegal lending and servicing practices...
January 03, 2011
Palm Beach Post
Improperly served foreclosure notices may be the mortgage industry's next roadblock to repossessing homes.
The Florida attorney general's office is investigating two of the state's largest companies that serve court summonses on homeowners, while at the same time judges are throwing out rulings based on faulty deliveries...
January 02, 2011
Smart Money
Until recently, a man's house was less his castle, more his golden goose: A path to wealth as homes grew in value or were sold, and sold again, for profits upon profits. But 2010 marks the end of a painful transition in homeowners' relationship to their domiciles. If the market bust – and ongoing foreclosure crisis – has made an impression, it is that a home can no longer be counted on to bring immediate wealth, and price appreciation might no longer be a cornerstone of savings and income...
January 02, 2011
Ocala
...Nearly 630 homes were added to the county's foreclosure list in November, according to RealtyTrac, a website that analyzes foreclosure trends. That meant that one in every 251 homes here were in some stage of the foreclosure process...
January 01, 2011
BusinessWeek
A disabled Vietnam veteran and his wife are settling into a renovated north Phoenix home thanks to a nonprofit group, a pack of volunteers from Honeywell Aerospace -- and the bank that foreclosed on the previous owner...
January 01, 2011
NEWSER
That could be bad news for what otherwise looks like a promising recovery. “People feel poorer when their houses are going down in value,” says one small business owner, who sees customers “spending as little as they can.” The effects will be especially pronounced in places like Sacramento, Las Vegas, Arizona, and Florida...
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