Foreclosures
New Campaign Empowers Long Island Homeowners to Combat Loan Modification Scams in 2010
March 16, 2010 Posted by NeighborWorks
Long Island, NY - March 16, 2010 - (RealEstateRama) — NeighborWorks America today launched the national “Loan Modification Scam Alert Campaign” on Long Island to provide residents facing the possibility of foreclosure with vital information to guard against loan modification scams, find trusted help and report illegal activity to authorities. NeighborWorks Director of National Initiatives and Applied Research Nelson Merced was joined for the announcement by Community Development Corporation of Long Island President and Chief Executive Officer Marianne Garvin, New York State Banking Department Director of Non-Depository Institutions and Consumer Protection Jane Azia, Superintendent of Banks for New York State Richard H. Neiman, New York State Consumer Protection Board Director of Communications and Policy Research Gary Brown, and other local officials.
Foreclosures Weigh on Builder Confidence in March
March 15, 2010 Posted by NAHB
March 15, 2010 - (RealEstateRama) — Builder confidence in the market for newly built, single-family homes fell back two points to 15 in March as poor weather conditions and distressed property sales posed increasing challenges to both builders and buyers, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today
“NEIGHBORHOOD STABILIZATION BOOT CAMP” TO DRAW TOP OFFICIALS FROM 12 CITIES AND THE OBAMA ADMINISTRATION
March 15, 2010 Posted by HUD
As foreclosure crisis worsens, national and local leaders convene to define game-changing solutions for stabilizing hard-hit communities and leveraging Federal funding. BOSTON, MA - March 15, 2010 - (RealEstateRama) — Dozens of local officials from 12 of the regions hit hardest by the housing crisis are meeting at Harvard University March 14 -16 to develop new strategies for stabilizing neighborhoods that experience large numbers of foreclosures.
U.S. FORECLOSURE ACTIVITY DECREASES 2 PERCENT IN FEBRUARY
March 11, 2010 Posted by RealtyTrac
IRVINE, CA - March 11, 2010 - (RealEstateRama) — RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its February 2010 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 308,524 U.S. properties during the month, a decrease of 2 percent from the previous month but still 6 percent above the level reported in February 2009. The report also shows one in every 418 U.S. housing units received a foreclosure filing in February.
Millions May Receive Housing Relief
March 10, 2010 Posted by Housing Predictor
Destin, FL - March 10, 2010 - (RealEstateRama) — Millions of American homeowners at risk of losing their homes may receive relief aid, according to a new report citing Obama administration officials by Housing Predictor.
Buying Foreclosed Property from a Bank
March 4, 2010 Posted by Peter Connor
New York, NY - March 4, 2010 - (RealEstateRama) — Most banks are in the business of making money from loans on houses, not from actually owning houses. Therefore, when they are required to foreclose on a bad home loan, the first thing they want to do, after they finalize the foreclosure process, is to sell the house in question. They merely want to recoup as much as possible of their loan amount as quickly as possible. As a result, for the smart investor, there are often great bargains available in the foreclosure market.
Countdown To Buy Enters Into New Pilot Program To Offer Foreclosed Properties Through Efficient and Transparent Online Marketplace
March 3, 2010 Posted by Countdown To Buy
Foreclosed properties in Dallas to be listed for sale the first week of March 2010. BETHEL, CT - March 3, 2010 - (RealEstateRama) — Countdown To Buy, a next generation online real estate marketplace that offers a fair and effective way to buy and sell properties, announced today that it has entered into a new pilot program with a leading banking institution to offer a sampling of foreclosed properties in Texas.
SPECIALIZED ASSET MANAGEMENT LAUNCHES PARTNERSHIP WITH REALTYTRAC TO MARKET ITS FORECLOSED PROPERTY LISTINGS
March 2, 2010 Posted by RealtyTrac
Highlands Ranch, CO - March 2, 2010 - (RealEstateRama) — Specialized Asset Management LLC (https://www.samreo.net), a national provider of asset marketing and disposition services to mortgage lenders, servicers, and investors, recently announced that it has partnered with RealtyTrac (www.realtytrac.com), the leading online foreclosure marketplace for default, auction and bank-owned REOs. The partnership gives additional market exposure for foreclosed property listings provided by Specialized Asset Management LLC, displaying them prominently to RealtyTrac’s 3 million unique monthly visitors.
DONOVAN AND REID ANNOUNCE $1.3 MILLION TO HELP LAS VEGAS AND CLARK COUNTY STABILIZE NEIGHBORHOODS GRAPPLING WITH FORECLOSURES
February 25, 2010 Posted by HUD
HUD Deputy Assistant Secretary to hold Background-only conference call with reporters TODAY, Details Below. WASHINGTON, DC - February 25, 2010 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan and Nevada Senator Harry Reid today announced up to $1.3 million in emergency technical assistance to help reverse the effects of foreclosure and abandonment in certain neighborhoods in the City of Las Vegas and Clark County. The unprecedented aid announced today is funded through the American Recovery and Reinvestment Act and is part of the Obama Administration’s plan to help communities hardest hit by the downturn in the housing market.
Survey Shows Majority Want to Force Bankers
February 24, 2010 Posted by Housing Predictor
Destin, FL - February 24, 2010 - (RealEstateRama) — A majority of Americans feel that the U.S. government should force bankers to reduce mortgages to make them more affordable for troubled homeowners, according to a new Housing Predictor survey.
