Archives

New York, NY - June 14, 2012 - (RealEstateRama) -- Assembly Speaker Sheldon Silver and Judiciary Committee Chair Helene Weinstein today announced the approval of legislation that would help homeowners facing foreclosure by ensuring that lenders bringin...

WASHINGTON, D.C. - June 13, 2012 - (RealEstateRama) -- At the request of the Federal Trade Commission, a U.S. district court has halted an operation that allegedly preyed on financially vulnerable homeowners, convincing them to pay $1,995 or more by holding out bogus promises that they could help them avoid foreclosure and renegotiate their mortgages.

Washington, D.C. - June 12, 2012 - (RealEstateRama) -- Rep. Raúl M. Grijalva’s office is co-hosting a foreclosure prevention and response workshop on Sat., June 9, at 9:00 a.m. at the Yuma Civic and Convention Center at 1440 W. Desert Hills Drive. T...

June 12, 2012 - (RealEstateRama) -- House returns HEMAP funding bill to Senate for chamber’s expected approval. A bill to provide a multi-year funding stream to the state’s currently idled Homeowners Emergency Mortgage Assistance Program (HEMAP) is...

Washington, D.C. - June 12, 2012 - (RealEstateRama) -- More than 1.3 million homeowners have received foreclosure prevention counseling by local nonprofits and state housing finance agencies participating in the National Foreclosure Mitigation Counseling (NFMC) program administered by NeighborWorks America, one of the nation’s largest community development corporations. The latest report on the NFMC program also found that 51% percent of homeowners seeking help are women, and overall that 20% of the people being served by NFMC counselors have mortgage rates that exceed 8%. The national level for the 30-year mortgage has averaged less than 5% since April 2010.

Washington, D.C. - June 11, 2012 - (RealEstateRama) -- U.S. Reps. Gary Peters (D-MI), John Campbell (R-CA) and Keith Ellison (D-MN) introduced the Preserving American Homeownership Act of 2012. The crux of this legislation is the creation of a princip...

Jonesboro, - June 11, 2012 - (RealEstateRama) -- Last week, in College Park, 1,478 homeowners attended the “Help for Homeowners Event” at the Georgia International Convention Center. It was the fourth time the Obama Administration has sponsored an ...

LOS ANGELES, CA - June 11, 2012 - (RealEstateRama) -- California Attorney General Kamala D. Harris today announced the arrest of two individuals in a $1.3 million Ponzi scheme that targeted Latino investors, many of whom were seniors.

CHICAGO, IL - June 11, 2012 - (RealEstateRama) -- Thousands of borrowers severely delinquent on loans insured by the Federal Housing Administration (FHA) will have help from a new servicer to explore affordable mortgage solutions or achieve a favorable resolution under an enhanced government note sale program announced today. In a press conference held at the 2012 Clinton Global Initiative America Meeting, U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and Acting FHA Commissioner Carol Galante launched the Distressed Asset Stabilization Program, an expansion of an FHA pilot program that allows private investors to purchase pools of mortgages headed for foreclosure and charges them with helping to bring the loan out of default.

Destin, FL - June 11, 2012 - (RealEstateRama) -- Respondents to an online poll have given the U.S. government a no confidence vote when it comes to helping the real estate market. An over-whelming majority of 83% say the government will not take major steps to help the housing market.

June 7, 2012 - (RealEstateRama) -- Mayor Edwin M. Lee today asked the nation’s five mortgage loan servicers that settled in the joint federal-state mortgage settlement to voluntarily pause foreclosure proceedings against homeowners who are at risk fo...

RALEIGH - June 7, 2012 - (RealEstateRama) -- The NC Association of REALTORS® (NCAR) announced today that it has allocated a total of $50,000 to counseling agencies across the state to help homeowners in danger of foreclosure.

Tarzana, CA - June 1, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed the $2,326,000 sale of an approximately 12,044 square foot vacant retail property located at 18553-18563 ...

Atlanta, GA - June 1, 2012 - (RealEstateRama) -- QWRAttack.GoFightForeclosure.com today announced the #1 Qualified Written Request is available to assist with homes in foreclosure. Citing that if homeowners only knew what questions to ask concerning securitization of their mortgage loans in a letter they could possibly avoid foreclosures.

West Hartford, CT - May 30, 2012 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Albert Lowry, is announcing the CT REIA monthly real estate investing meeting on June 18, 2012. This meeting will ...

May 30, 2012 - (RealEstateRama) - Epitomizing the saga of "rags to riches," Dr. Albert Lowry has risen to become America's premier authority on real estate investing. He started out with no money, but he did have a burning desire to succeed, plus plent...

Reston, Virginia - May 28, 2012 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a three-judge panel of the U.S. Court of Appeals for the 11th Circuit affirmed a 2011 decision by U.S. District Court Judge Cecilia M. Altonaga that dismissed an attack on the validity of a Florida foreclosure judgment and thwarted the plaintiffs’ attempt to receive damages through a Racketeering Influenced and Corrupt Organizations (RICO) complaint against MERS and others

West Hartford, CT - May 25, 2012 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Sue Nelson is announcing a free webinar for real estate investors on May 31, 2012. This call will take place from ...

West Hartford, CT - May 24, 2012 - (RealEstateRama) -- Sue Nelson has been talking for the last year about the perfect storm that is raging with the banks and the real estate they financed. What you may or may not know is we are still at the tip of the...

Las Vegas, NV - May 23, 2012 - (RealEstateRama) -- In an effort to move troubled mortgages off their books, banks have begun offering cash to delinquent homeowners so that they can sell their properties for less than they owe. No lender likes to do sho...