Clik here to view.
Local News Stories Provide Real Data on Increasing Foreclosures
You Just Can’t Hide It: Until the market and the judiciary gets real about these mortgages, foreclosures will continue to skyrocket, people will walk away from their homes, and the demand for...
View ArticleClik here to view.
Snow, foreclosures hit homebuilder sentiment
The National Association of Home Builders says its housing market index slipped in March, as harsh winter weather and competition from foreclosed properties hurt builders’ sales prospects. National...
View ArticleClik here to view.
BlackRock Shifts: Principal Reduction OK in Bankruptcy
April 16, 2010 Editorial NY Times Fighting Foreclosures From the start, the central concern about President Obama’s antiforeclosure effort has been that it would postpone foreclosures but ultimately...
View ArticleClik here to view.
New Legislation to Offer $1 Billion in Federal Loans to Help Unemployed...
Okay, so if your response to reading this is to say: “file under Giant Federal Band-Aid,” then fair enough. I understand how you feel and you’re certainly right. But, in terms of federal responses...
View ArticleClik here to view.
How Are Foreign Trusts Taking Title to Foreclosed Properties Across This...
That’s a very important question that lies at the heart of the crisis that continues to unfold in this country. The documents that will answer this important question should remain secure in court...
View ArticleClik here to view.
Florida’s 30-Second Foreclosure Dash Hits Wall of Fraud Claims
By David McLaughlin “Oct. 13 (Bloomberg) — Home to more foreclosures than 47 U.S. states, Florida sought to clear out its backlog with a system of special court hearings that dispensed with cases...
View ArticleClik here to view.
Foreclosed Properties Depress Housing Sales Value
Like other examples of mass hysteria or misinformation, it is a widely accepted mantra that we’ve got to churn through all these foreclosures to get our economy moving again. THIS IS FLAT OUT WRONG....
View ArticleFraudclosure | More Foreclosed Properties Hitting the Market
Looks like Jack don’t know jack… I think this McCabe character needs a little education on fraudclosures… Some of his notable quotes from the article below… “The big flow is just getting started,” said...
View ArticleClik here to view.
Principal Pay Down in Chapter 13 as a Means of Foreclosure Prevention
As we have discussed recently, here and here, the Federal Housing Finance Agency has asked for ideas about how to dispose of foreclosed properties in bulk. But there is no reason we shouldn’t take...
View ArticleBulldoze ‘Em | Banks turn to demolition of foreclosed properties to ease...
It’s real, it’s happening and it’s coming to a city near you… Some infuriating quotes from the article… “It often has become cheaper to knock down decaying homes no one wants.” “It feels great that...
View ArticleNew Jersey | Legal Issues Slow Foreclosures – Bank of New York v. Laks
Legal Issues Slow Foreclosures In a small Bergen County courtroom one recent Friday, a sheriff’s officer auctioned off two foreclosed properties in a matter of minutes, as a handful of investors kept...
View ArticleFraudclosure | OCC Guidance on Potential Issues With Foreclosed Residential...
Subject: Foreclosed Properties Date: December 14, 2011 To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, and All Examining Personnel...
View Article5 Things Renters Need to Know About Eviction from Foreclosed Properties
5 things renters need to know about eviction from foreclosed properties 1. The lease and tenancy take precedence. The Protecting Tenants at Foreclosure Act of 2009 is a federal law that allows renters...
View ArticleReport | Alert To Problems Of Grossly Inaccurate Documents Used In The Land...
Alert To Problems Of Grossly Inaccurate Documents Used In The Land Title Underwriting For Commercial Real Estate Financing From the report. Harbinger Analytics Group has discovered a widespread problem...
View ArticleNPR | Banklords – With Banks As Landlords, Some Tenants Neglected
With Banks As Landlords, Some Tenants Neglected LISTEN NOW Jimenez doesn’t know that Deutsche Bank actually isn’t his landlord. It’s the trustee representing a pool of investor-owners. JPMorgan Chase,...
View ArticleLIES | Wells Fargo Bank’s Premier Asset Services to Real Estate Agents “Don’t...
Agents advised to keep ‘bank-owned’ quiet Looking to buy a home, but not sure you want one that fell into foreclosure? Good luck finding out before you tour the property. It’s a little-known fact that...
View ArticleReport | THE BANKS ARE BACK OUR NEIGHBORHOODS ARE NOT – Discrimination in the...
THE BANKS ARE BACK – OUR NEIGHBORHOODS ARE NOT Discrimination in the Maintenance and Marketing of REO Properties EXECUTIVE SUMMARY As the foreclosure crisis continues to affect 1 in 69 households...
View ArticleBig Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint...
Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges by Cora Currier ProPublica Answers to homeowners’ questions about the Independent Foreclosure Review.The...
View ArticleColorado SB-30 | New Law Makes it Easier for Homeowners to Collect...
Colorado New law makes it easier for homeowners to collect foreclosure auction money due Homeowners who are legally entitled to excess funds from the public auction of their foreclosed properties can...
View ArticleWhy Don’t They Just Bulldoze The Foreclosed Homes With The Deadbeats In Them?...
“While an exact total of abandoned homes is not available, conservative estimates place the number of vacant and abandoned properties in Ohio in need of immediate demolition at 100,000.“ ~ Attorney...
View ArticleDon’t Tase Me, Bro! | Taser-Toting HOA Guards Storm Foreclosed Condo at 3AM,...
SACRAMENTO (CN) — Nine condo residents claim Taser-toting private security guards burst into their homes at 3 a.m. and assaulted them, forcing them into the street in their underwear, in a foreclosure...
View Article‘Shadow REO’: As Many as 90% of Foreclosed Properties Held Off the Market,...
‘Shadow REO’: As Many as 90% of Foreclosed Properties Held Off the Market, Estimates Suggest A pretty, manicured home sits six doors down from Phil Faranda’s in Briarcliff Manor, N.Y. To look at it,...
View ArticleThe Lost Opportunity, For Left, Right and Libertarian
The Market Ticker — The Lost Opportunity, For Left, Right and Libertarian There’s dumb. There’s really, really dumb. Then there are actions that appear to be so stupid that they must in fact be...
View ArticleNow It’s the Big Banks That Are Getting Foreclosed On
Now It’s the Big Banks That Are Getting Foreclosed On Call it a case of man bites dog. Since the start of the housing crash, millions of Americans have lost their homes to foreclosure. Many of them...
View ArticleFEDERAL RESERVE BANK of ATLANTA | Foreclosure Externalities: Some New...
Fed: Foreclosures Have Little Influence on Prices of Nearby Homes Despite conventional wisdom that foreclosed properties negatively impact the values of neighboring homes, a paper from the Federal...
View ArticleCity Orders Emergency Demolition of Cockroach-Infested House
Hammond orders demolition of cockroach-infested house HAMMOND | An emergency demolition order was issued Thursday for an empty East Hammond house that neighbors claim is the nexus of an expanding...
View Article