Archives

CLEVELAND, OH - May 10, 2011 - (RealEstateRama) -- Ohio Attorney General Mike DeWine today announced his office has filed a lawsuit against The Modification Group LLC (TMG), a Cleveland business that offered to help homeowners avoid foreclosure in exchange for $1,995 or more. The lawsuit alleges multiple violations of Ohio consumer law, including failure to deliver.“We have received dozens of complaints against The Modification Group,” Attorney General DeWine said

ANNAPOLIS, MD - May 10, 2011 - (RealEstateRama) -- Governor Martin O’Malley and Lt. Governor Anthony G. Brown today joined members of the Administration, community leaders and local elected officials at the home of Prince George’s County resident Fanny Melvin to encourage homeowners at risk of losing their homes to take advantage of foreclosure prevention programs in Maryland, including the Emergency Mortgage Assistance Program (EMA), the MDHOPE Network and available counseling services throughout the state.

WASHINGTON, DC - May 6, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Kentucky and provide support to homeowners and low-income renters forced from their homes following severe storms, tornadoes, and flooding last week.

AUSTIN, TX - May 5, 2011 - (RealEstateRama) -- H.B. 2671 by State Representative John V. Garza, of San Antonio, will make Home Owners Associations subject to Open Meetings, Open Records and utilize the State’s Record Retention Policy.

IRVINE, CA - May 5, 2011 - (RealEstateRama) -- RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, and SmartZip Analytics (www.smartzip.com), a leader in real estate analytics, today announced that SmartZip’s HomeScore™ has been integrated on nearly 2 million foreclosure and for-sale properties posted on the RealtyTrac website, allowing users to instantly locate properties that have the best potential for appreciation over time

Las Vegas, NV - May 5, 2011 - (RealEstateRama) -- There’s still time for residents facing foreclosure to sign up for this free Foreclosure Prevention and Mediation Process interactive event. The event is planned for 2 to 4 p.m. on Wednesday, May 11, and will take place at the Centennial Hills Active Adult Center, located at 6601 N. Buffalo Drive. Interested parties are asked to R.S.V.P. to 229-4167 as soon as possible.

Jefferson City, MO - May 5, 2011 - (RealEstateRama) -- Attorney General Chris Koster said today he has obtained a consent judgment against a Greene County man who allegedly engaged in a foreclosure scam to trick vulnerable homeowners into transferring ownership of their homes to him and his associates.

VAN NUYS, CA - May 4, 2011 - (RealEstateRama) -- Nearly 100 homeowners attended a foreclosure prevention seminar in Van Nuys on Saturday, April 30, which was sponsored by the Southland Regional Association of Realtors, Los Angeles Neighborhood Housing Services, and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco). Rep. Brad Sherman (CA-27) was a special guest at the event.

WASHINGTON, DC - May 4, 2011 - (RealEstateRama) -- HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its March 2011 loan modification data, which shows that an estimated 210,000 homeowners received permanent, proprietary loan modifications from mortgage servicers for the first quarter of 2011. This estimate does not include loan modifications through Home Affordable Modification Program (HAMP), and industry totals will be updated once official government reports are published.

WASHINGTON, DC - May 3, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Mississippi and provide support to homeowners and low-income renters forced from their homes following severe storms, tornadoes, straight-line winds, and flooding last week.

WASHINGTON DC - May 2, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Alabama and provide support to homeowners and low-income renters forced from their homes following severe storms, tornadoes, straight-line winds, and flooding this week

Scottsdale, AZ - May 2, 2011 - (RealEstateRama) -- You can view all short sales, bank owned homes, short sales, and REO properties for sale for free by going to http://www.nicholasmcconnell.com then click property search. There, you can search by price range, zip code, school district, square footage, number of bedroom, number of bathrooms, and much more for free.

Tucson, AZ - April 26, 2011 - (RealEstateRama) -- Rep. Raúl M. Grijalva last week introduced the Right to Rent Act of 2011 (H.R. 1548), an updated version of a bill he introduced in 2009 to allow families facing foreclosure to remain in their homes as renters by paying fair market value each month. Approximately one in 175 homes in Arizona received a foreclosure filing in January, second highest in the nation behind Nevada.

INDIANAPOLIS - April 20, 2011 - (RealEstateRama) -- A bill to reduce the number of residential foreclosures experienced by Indiana homeowners has received final approval by the General Assembly and will be sent to the governor for his signature. State Senator Karen Tallian (D-Portage), author of Senate Bill (SB) 582, hopes the measure will encourage homeowners to take advantage of alternative foreclosure solutions.

WASHINGTON, DC - April 18, 2011 - (RealEstateRama) -- Today, the U.S. Department of Housing and Urban Development (HUD) is launching a new campaign in Miami, Chicago, and Los Angeles called Know It. Avoid It. Report It. This campaign has two objectives. First, it aims to direct homeowners facing foreclosure to trusted resources and housing counselors.

WASHINGTON, D.C. - April 15, 2011 - (RealEstateRama) -- An administrator working for the Federal Trade Commission has mailed 1,410 refund checks to consumers allegedly defrauded by Home Assure LLC, a so-called mortgage foreclosure rescue service. The FTC alleged that the company charged consumers an up-front fee and falsely claimed its special relationships with lenders would enable it to get favorable loan modifications or stop foreclosure

WASHINGTON, D.C. - April 14, 2011 - (RealEstateRama) -- In the wake of a settlement between 14 U.S. mortgage servicers and foreclosed homeowners, U.S. Sen. Sherrod Brown (D-OH) introduced landmark legislation to prevent future servicer fraud and errors, improve foreclosure counseling and prevention, and reform oversight of mortgage-based investing.

Scottsdal, AZ - April 14, 2011 - (RealEstateRama) -- You can view all foreclosures for free in Arizona at http://www.nicholasmcconnell.com then click property search. There, you have free MLS access. Or, you can call Nicholas McConnell with Coldwell Banker at 480-323-5365 and let him know exactly what you are looking for, and he will email you the results. If you see anything you like, call me and we will set up a time to view any property you desire.

WASHINGTON, DC - April 13, 2011 - (RealEstateRama) -- The Office of the Comptroller of the Currency today announced formal enforcement actions against eight national bank mortgage servicers and two third-party servicer providers for unsafe and unsound practices related to residential mortgage loan servicing and foreclosure processing.

April 13, 2011 - (RealEstateRama) -- The Federal Reserve Board on Wednesday announced formal enforcement actions requiring 10 banking organizations to address a pattern of misconduct and negligence related to deficient practices in residential mortgage loan servicing and foreclosure processing. These deficiencies represent significant and pervasive compliance failures and unsafe and unsound practices at these institutions.