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WASHINGTON, D.C. - November 5, 2012 - (RealEstateRama) -- Lisa Wright, 46, and Cathy Saffer, 52, of Pompano Beach, Fla., were sentenced today to serve 66 and 60 months respectively for defrauding homeowners and mortgage lenders as part of a foreclosure rescue scheme, the Justice Department announced. The two women were sentenced by U.S. District Judge Kenneth A. Marra in the Southern District of Florida.

November 2, 2012 - (RealEstateRama) -- The Macomb County MSU Extension will be holding two informational Foreclosure Prevention seminars during the month of November for all interested homeowners.

CHARLES TOWN - November 2, 2012 - (RealEstateRama) -- In April, 49 state attorneys general finalized an historic $25 billion settlement with the five largest mortgage servicers, intended to end the abuses that drove tens of thousands of consumers into ...

WASHINGTON, D.C. - November 2, 2012 - (RealEstateRama) -- "The Federal Housing Finance Agency (FHFA) is encouraged by the results of Fannie Mae's first Real Estate Owned (REO) pilot transactions and remains committed to pursuing efforts that build upon the success of this initiative. This is in keeping with FHFA’s Strategic Plan for the Enterprise Conservatorships which called for implementation of the REO initiative and creative strategies for placing foreclosed homes back into the marketplace in order to reduce losses

WASHINGTON, DC - November 1, 2012 - (RealEstateRama) -- A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern Californ...

WASHINGTON, DC - October 31, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of New York and provide support to homeowners and low-income rent...

CHICAGO, IL - October 29, 2012 - (RealEstateRama) -- As communities across the country look for ways to rebuild in the aftermath of foreclosures, a number of them in Illinois are getting a boost from an innovative program that has been recognized for e...

CHICAGO, IL - October 29, 2012 - (RealEstateRama) -- When James Thomas Henry lost his job a year after buying a new townhouse, the suburban Bloomingdale resident feared he might also lose his home because he wouldn’t be able to make his mortgage pa...

WASHINGTON, D.C. - October 24, 2012 - (RealEstateRama) -- Foreclosures across the United States have drained nearly $2 trillion in property value from surrounding households, more than half of it from African-American and Latino homeowners, a new study from the Center for Responsible Lending finds.

MIAMI, FL - October 23, 2012 - (RealEstateRama) -- Congresswoman Frederica Wilson (D-Fla.) will hold a foreclosure prevention workshop on Wednesday, October 24, 2012, from1:00pm to 8:00pm at The Fountain of New Life Church, 4601 NW 167th Street, Miami ...

Chicago, IL - October 19, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today announced that $620,000 in funding from the national foreclosure settlement has been awarded to Illinois Legal Aid Online

Washington, DC - October 12, 2012 - (RealEstateRama) -- No one wants to lose their home to foreclosure, but finding the extra money to meet loan obligations can be challenging, particularly if hindered by serious medical issues. Michael and Lora Zook, recently honored by the National Foundation for Credit Counseling (NFCC) as the Professional Achievement and Counseling Excellence (PACE) Housing Clients of the Year, were determined to let nothing stand between them and qualifying for a loan modification.

$175,000 Capital One Foundation Grant to Promote Nonprofit Training, Launch Initiative Encouraging Private Sector Investment in Neighborhoods with High Foreclosure Rates Washington, D.C., (Oct. 10,...

OLYMPIA - October 10, 2012 - (RealEstateRama) -- The Consumer Services Division of the Washington State Department of Financial Institutions (DFI) announced today they have filed 40 Statements of Charges against businesses preying on Washington homeown...

VIENNA, VA - October 9, 2012 - (RealEstateRama) -- Suspicious activity reports (SARs) regarding foreclosure rescue scams continued to grow in the first half of 2012, even as the total number of SARs indicating mortgage loan fraud (MLF) declined, the Financial Crimes Enforcement Network (FinCEN) announced today in its latest Mortgage Loan Fraud Update. This update to FinCEN's prior MLF reports looks at SAR filings from April through June 2012 (2012 Q2).

October 8, 2012 - (RealEstateRama) -- The Macomb County Michigan State University Extension (MSUE) will be holding two informational Foreclosure Prevention seminars during the month of October which will be free to all homeowners.

LANSING, MI - October 4, 2012 - (RealEstateRama) -- Attorney General Bill Schuette today announced a 23 to 40 year prison sentence for a Westland man who ran an extensive foreclosure-rescue fraud operation that may have scammed up to 400 victims. Rick...

WASHINGTON, D.C. - October 3, 2012 - (RealEstateRama) -- Good morning, and thank you for that generous introduction. I am honored to be here with Attorney General Madigan, who has been a national leader among state attorneys general in the wake of the housing crisis. She is a zealous advocate on behalf of the people of Illinois and a valuable partner in the fight against discrimination and in protecting the rights of consumers.

PHILADELPHIA - October 2, 2012 - (RealEstateRama) -- Anthony J. DeMarco III, 33, of Conshohocken, Pennsylvania, was sentenced today to serve 25 years in prison for conspiracy and fraud charges in connection with a mortgage fraud scheme involving more t...

WASHINGTON, D.C. - October 2, 2012 - (RealEstateRama) -- The Department of Insurance, Securities and Banking said 1,475 local borrowers who lost their homes to foreclosure between 2008 and 2011 may be eligible for restitution and will receive claim forms in the mail through early October.