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In Florida, Facing the Political Implications of Housing Crisis

With the next Republican primary in a state hard hit by the collapse of the housing bubble, free-market instincts collide with voters’ desperation. Go to Source





Friday Is Deadline for States on Foreclosure Pact

… potential national settlement of alleged foreclosure abuses, according to a document … its selling and servicing of mortgages. A spokeswoman for the Nevada … Go to Source





Should You Buy a Foreclosure?

… in financial difficulty. Furthermore, some foreclosed properties may have been stripped … are a common problem with foreclosures. Third, foreclosure auctions require that you … a regular mortgage loan.   Most of the buyers at foreclosure auctions are … for buying foreclosures   The vast majority of U.S. residential mortgages are … Go to [...]





Whatcom’s foreclosure rate continues to decline

Whatcom County's foreclosure rate dropped to its lowest … percentage of county mortgages in some stage of foreclosure was 1.06 … and real estate information. The state foreclosure rate was 1.42 percent … ;s mortgage delinquency rate rose for the third straight month. Whatcom mortgages … Go to Source





Deadline for a foreclose deal

… a proposed nationwide settlement of foreclosure wrongdoing with banks including JPMorgan … largest mortgage servicers that would set standards for banks conducting home foreclosures while providing some mortgage relief to borrowers … Go to Source





Source: States, mortgage servicers near deal

… country's five largest mortgage servicers, a person with knowledge … in questionable practices in mortgage servicing and foreclosures like "robo-signing,… in April that dealt with foreclosures, the servicers did not admit … Go to Source





Massive Bakersfield mortgage fraud nets 27 months in prison for swindler

… & Cole agent sentenced for mortgage fraud conspiracy •  Sixth case in … crooks involved in a massive mortgage fraud scheme that swindled banks … mortgage lenders and banks by submitting false and fraudulent statements in mortgage … the loan proceeds were subsequently foreclosed upon after loan payments were … Go to Source





AG Urged: Get Tough On Foreclosures

… 's five largest mortgage lenders over deceptive foreclosure practices. A pair … relief and will reform the mortgage industry. The settlement is expected … Go to Source





Foreclosure prevention plan has limited impact

… able to rescue a three-year-old foreclosure-prevention programme long dismissed by even … loan principal forgiveness by US-controlled mortgage financiers Fannie Mae and Freddie … to 4m at-risk homeowners avoid foreclosure”, Hamp has woefully underperformed, according … Go to Source





Attorneys hit Nevada foreclosure processors with class-action suit

… by foreclosure companies that did not follow the law during the foreclosure … ’s been foreclosing on homes it had no authority to foreclose on … to help them modify their mortgages and had deceived some by … then foreclosed on them anyway. Last month’s suit against the foreclosure … Go to Source