Archives

Las Vegas, NV - December 23, 2011 - (RealEstateRama) -- The Ballen Group, Leading short sale agents in Las Vegas at Keller Williams Realty Las Vegas, has solved another short sale problem for a Nevada Homeowner facing foreclosure. The Ballen Group, spe...

Washington, DC - December 21, 2011 - (RealEstateRama) -- On Friday, September 24th, NCRC will testify before Federal Reserve Board on making critical improvements to HMDA data, so that lenders can be held accountable for the types of loans they are issuing to communities.

Washington, DC - December 19, 2011 - (RealEstateRama) -- A report issued today by NeighborWorks America prepared by the Urban Institute on the consumer benefits of the National Foreclosure Mitigation Counseling (NFMC) Program shows that homeowners who received NFMC counseling were nearly twice as likely to obtain a mortgage modification and at least 67 percent more likely to remain current on their mortgage nine months after receiving one, saving servicers considerable time and expense. The data compares the results against homeowners who obtained a mortgage modification without the assistance of an NFMC foreclosure prevention counselor. The report also showed that homeowners received, on average, a mortgage modification that lowered their payment by $176 more per month, than homeowners who didn’t work with an NFMC counselor – a savings of close to $2,100 a year.

SACRAMENTO, CA - December 14, 2011 - (RealEstateRama) -- The U.S. District Court in Sacramento today unsealed an indictment against four real estate investors and an auctioneer for their participation in conspiracies to rig bids and commit mail fraud a...

Las Vegas, NV - December 13, 2011 - (RealEstateRama) -- The Ballen Group, a local team of short sale agents in Nevada, who have been specializing in Nevada Short Sales for several years now, have obtained a very difficult Short Sale Approval Letter fro...

LOS ANGELES, CA - December 12, 2011 - (RealEstateRama) -- Federal authorities have charged an Austin, Texas man with having operated a foreclosure-rescue scam in Los Angeles and elsewhere that falsely promised the owners of more than a thousand distres...

WASHINGTON, D.C. - December 9, 2011 - (RealEstateRama) -- The Protecting Tenants at Foreclosure Act (PTFA), passed in 2009 and signed into law by President Obama, guarantees that banks and other new owners of rental housing after foreclosure provide at least 90 days’ notice to renters living in foreclosed homes. Before PTFA was in place, tenants could be evicted from their homes with as little as a few days’ notice when the property was foreclosed.

Newport Beach, CA - December 8, 2011 - (RealEstateRama) -- In the suburbs about 25 miles outside of Atlanta sit two promising residential developments with an opportunity that many homebuilders, developers and real estate investors are finding difficul...

December 7, 2011 – (RealEstateRama) — It has been quite the year for Outer Banks foreclosures.  We have seen 285 bank owned residential properties sold on the Outer Banks MLS from January 1st through November 30th.  Prices on the sold Out...

SACRAMENTO, CA - December 5, 2011 - (RealEstateRama) -- Five people have been charged in a federal indictment, unsealed today, in connection with a foreclosure rescue scheme, announced U.S. Attorney for the Eastern District of California Benjamin B. Wa...

SACRAMENTO, CA - December 2, 2011 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the arrests of three top officers of a Stockton real estate company who took thousands of dollars in up-front loan modification fees and made fals...

WASHINGTON, DC - December 2, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of New Jersey and provide support to homeowners and low-income re...

WASHINGTON, DC - December 1, 2011 - (RealEstateRama) -- The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), the Consumer Financial Protection Bureau (CFPB), and the U.S. Department of the Treasury today announced the creation of a joint task force to combat scams targeted at homeowners seeking to apply for the Home Affordable Modification Program (HAMP). SIGTARP, the CFPB, and Treasury have partnered to protect taxpayers by investigating and shutting down these scams and by providing education programs to vulnerable homeowners. The joint task force today issued a consumer fraud alert to protect homeowners from HAMP-related mortgage modification scams. The fraud alert will also be provided directly to homeowners eligible for HAMP.

TUCSON, AZ - December 1, 2011 - (RealEstateRama) -- The office of U.S. Rep. Gabrielle Giffords is taking aggressive new steps to protect the homes of Southern Arizonans who are facing the loss of their homes through foreclosure.

WASHINGTON, DC - December 1, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced that more than $40 million is available for a broad range of housing counseling programs to help families find and preserve housing. These grants will be awarded competitively to hundreds of HUD-approved counseling agencies and State Housing Finance Agencies across the nation that offer a variety of services including how to avoid foreclosure, how to avoid mortgage scams, how to purchase or rent a home, how to improve credit scores, and how to qualify for a reverse mortgage.

IRVINE, CA - November 29, 2011 - (RealEstateRama) -- RealtyTrac®, the leading online marketplace for foreclosure properties, today announced that the company has obtained a substantial capital investment from Renovo Capital LLC through the private equity firm’s Renwood Opportunities Fund. Renovo’s investment in RealtyTrac provides the capital necessary to fund growth, nurture expansion into untapped areas of the market, and continue the company’s mission of dramatically improving the overall experience of transacting real estate

Washington, DC – November 29, 2011 – (RealEstateRama) — Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises, today led 15 of her colleagues in the House of Representati...

Washington, DC - November 29, 2011 - (RealEstateRama) -- NeighborWorks America, the nation’s largest provider of training to the community development industry today announced that it received a $3 million grant from Wells Fargo. The grant supports a range of NeighborWorks America training initiatives designed to strengthen the ability of non-profit community development professionals to help thousands of consumers understand the complex homeownership environment, and where necessary, potential options that can help consumers avoid foreclosure.

"Despite the foreclosure crisis and increase in home foreclosures most people may not know what foreclosure really is or how it works." Atlanta, GA -...

Atlanta, GA - November 28, 2011 - (RealEstateRama) -- GoFightForeclosure.com today announced cyber Monday best deal how-to contest foreclosure. The website has turned into an online movement that educates homeowners about secrets mortgage lenders don’t want them to know to challenge foreclosure and win.