Supporting, Informing & Connecting People in Foreclosure
As the U.S. economy continues reveal its true colors now that the economic stimulus…Continue
Added by Ace on September 2, 2011 at 12:30am — No Comments
Fri, 06/03/2011 - 9:12am
BABBITT, MINN.- “I walked through our kitchen area and there was a bright glow. It got my attention immediately,” said Gary Vogt, owner of the Northern Lights Lodge & Resort. The bright glow Vogt saw was the massive fire burning at the Timber Wolf Lodge near Babbitt early Thursday morning.
“When I got there, all that was standing was a…Continue
Added by Ace on June 4, 2011 at 8:26pm — No Comments
Bank of America began 107 years ago in San Francisco as Bank of Italy. It was founded to help immigrants who could not get bank accounts in other banks. Today, it is the largest bank holding company in America and the second largest bank by market capitalization, which means the share price times the number of shares that have been purchased in a publicly traded company. It has branches in 150 countries and “relationships” with almost every major company in the world. It is the fifth largest…Continue
Added by Ace on June 4, 2011 at 8:14pm — No Comments
Oregon's topsy-turvy foreclosure ride has taken a few more rolls in recent weeks as one large lender filed a flurry of new foreclosure starts, bucking a national trend.
Nationally, newly launched foreclosure actions dropped 14 percent in April, according to Realty Trac Inc.
Added by Ace on June 4, 2011 at 7:48pm — No Comments
And no real explanation either...
WESTERLY, R.I.—The town manager of Westerly says his family's home is no longer facing foreclosure.
Town Manager Steven Hartford told The Associated Press on Thursday that a…
Added by Ace on June 2, 2011 at 8:53pm — No Comments
Jun 2, 2011
Foreclosures will continue to be handled by the Lake County Sheriff’s Office after the Illinois House rejected a bill in the final hours of the recently ended legislative session that would have allowed banks to choose private firms.…Continue
Added by Ace on June 2, 2011 at 8:50pm — No Comments
A settlement between a coalition of federal and state agencies and banks over foreclosure practices will come in a “matter of weeks,” Shaun Donovan, secretary of Housing and Urban Development, told the Los Angeles Times.Continue
Added by Ace on June 2, 2011 at 8:42pm — No Comments
A bid by major financial institutions to retroactively waive Oregon recording requirements blocking foreclosure sales appears in jeopardy but will get at least one more day, a legislative leader says.
The Oregon House Judiciary…
Added by Ace on May 31, 2011 at 7:47pm — No Comments
NEWPORT BEACH, Calif. (KABC) -- Two men have been charged with allegedly breaking into a foreclosed home in Newport in front of police.
Rene Hector Zepeda, 72, and Michael Pines, 59, allegedly arrived at the foreclosed house on the morning of Oct. 13, 2010, with a locksmith. Police were at…
Added by Ace on May 31, 2011 at 6:30pm — No Comments
The Tennessee General Assembly is moving closer toward reducing the number of newspaper notices lenders are required to run before foreclosing on a home.Continue
Added by Ace on May 5, 2011 at 8:47pm — No Comments
Added by Ace on May 5, 2011 at 8:22pm — No Comments
OAKLAND, Calif., May 5, 2011 /PRNewswire-USNewswire/ --The seven-member California Senate Banking Committee rejected SB 729 yesterday, a simple bill designed to reduce wrongful foreclosures and hold banks and servicers accountable for wrongdoing.
The Rest of the Story...…Continue
Added by Ace on May 5, 2011 at 8:14pm — No Comments
The view from Nicolas Cage's former home in Las Vegas Ronda Churchill/Bloomberg
Added by Ace on May 5, 2011 at 8:10pm — No Comments
ForeclosureWarehouse.com recently reported that in April, the top five states with more foreclosure opportunities were California, Florida, Colorado, Arizona, and Georgia. From March to April, only Florida saw a decrease at -12.07 percent in foreclosures. California foreclosures increased 4.95 percent, Colorado was up 13.98 percent, Arizona was up 11.96 percent, and Georgia was up 7.22 percent.
Borrowers lost 1.67 million homes in 2010 as some 27 percent of U.S. mortgage holders were…Continue
Added by Ace on May 5, 2011 at 8:06pm — No Comments
A group of angry homeowners and community advocates disrupted Wells Fargo's shareholders meeting Tuesday and confronted the bank's CEO about it's foreclosure policies. The…
Added by Ace on May 3, 2011 at 10:00pm — No Comments
Moves by banks to ditch law firms snared in the "robo-signing" mess are spreading delays and confusion to borrowers, while angering judges grappling with thousands of foreclosure cases now trapped in limbo.
The trouble began when U.S. banks and government-owned mortgage giants lost confidence in some law firms that handled a huge volume of…Continue
Added by Ace on May 3, 2011 at 9:40pm — No Comments
Americans know that banks have mistreated borrowers in many ways in foreclosure cases. Among other things, they habitually filed false court documents. There were investigations. We’ve been waiting for federal and state regulators to crack down.
Prepare for a disappointment. As early as this week, federal bank regulators and the nation’s big banks are expected to close a deal that is supposed to address and correct the scandalous abuses. If these agreements are anything like the…Continue
By David McLaughlin
(Updates with judge’s comment in seventh paragraph.)
April 7 (Bloomberg) -- Bank of America Corp., the biggest U.S. lender by assets, asked a court to throw out a complaint that accuses it of violating obligations to homeowners seeking to modify mortgage loans and avoid foreclosure.…Continue
The ACLU filed a writ, or request, to the Second District Court of Appeal in Lakeland to remove the case of Georgi E. Merrigan, 40, and place it instead in the regular circuit court system. Merrigan, a former paramedic who left her job to care for her…Continue
Added by Ace on April 7, 2011 at 1:00pm — No Comments