February 6, 2012
Enlarge image American Foreclosure Bottoms at Atlanta Tower Auction American Foreclosure Bottoms at Atlanta Tower Auction Louie Favorite/Atlanta Journal-Constitution/AP Bank of America Plaza, Atlanta. The US foreclosure crisis has risen to new heights.
American Foreclosure Bottoms at Atlanta Tower Auction: Mortgages - San Francisco Chronicle6 (Bloomberg) — States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they'll give up.
By Kimberly Miller, Palm Beach Post Florida's once-heralded foreclosure mill investigations have fizzled as the attorney general's office has failed to find the right strategy to continue its pursuit and three law firms call for the cases to be ...
6 (Bloomberg) -- States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they'll give up.
Deal Is Closer for a US Plan on Mortgage Relief - New York TimesBy Gretchen Morgenson / New York Times News Service Years before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game.
A Mortgage Tornado Warning, Unheeded - New York TimesWHITE PLAINS – Homeowner foreclosure filings and judgments were down in 2011 in Westchester County. Judgments dropped from 600 in 2010 to 177 last year. Filings fell from 2485 in 2010 to 1655 in 2011. “While the rate at which foreclosures are entering ...
In June 2009, she contacted Bank of America seeking a loan modification, she said. “They were very sympathetic,” she said Friday. They verbally offered her a reduction of an interest rate to just 2 percent — but that she needed to be in default of her ...
In some cases, Munson said, people are told by the loan servicer that they may qualify for a loan modification, but only if they withhold payments. But once the homeowner defaults, his or her credit score suffers and the process toward foreclosure ...
February 5, 2012
Once the mortgages went sour, these same banks brought foreclosure proceedings en masse based on deceptive and fraudulent court submissions, seeking to take homes away from people with little regard for basic legal requirements or the rule of law,” ...
Foreclosure Settlement Will Settle Nothing - TheStreet.comBy Pete Carey Keller Williams realtor Joe Reichert walks down the steps of a 3500-square-foot, 4-bedroom, 3 1/2 bath short sale property in Alamo, Calif. on Thursday, Feb. 2, 2012. High end foreclosures have increased over the past couple years, ...