Archives

DAYTON, OH - August 12, 2011 - (RealEstateRama) -- In the wake of reports that banks and mortgage processors have continued forging signatures and submitting false affidavits, U.S. Sen. Sherrod Brown (D-OH) called for renewed federal efforts to cr...

August 11, 2011 - (RealEstateRama) -- On Tuesday, August 16, 2011, The Foreclosure-Response.org team—the Local Initiatives Support Corporation (LISC), Urban Institute and the Center for Housing Policy—will release the newest data on and analysis of seriously delinquent mortgages for all 366 U.S. metro areas as of March 2011.

IRVINE, CA - August 11, 2011 - (RealEstateRama) -- RealtyTrac® (http://www.realtytrac.com/gateway_co.asp?accnt=137300), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for July 2011, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 212,764 U.S. properties in July, a 4 percent decrease from June and a 35 percent decrease from July 2010. The report also shows one in every 611 U.S. housing units with a foreclosure filing during the month of July.

WASHINGTON, DC - August 10, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today launched a new web-based mapping tool displaying the location all foreclosed properties being held by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA). These foreclosed homes collectively account nearly half of all real estate-owned or REO properties in the U.S. HUD’s REO Portal is intended to help local communities, homebuyers and responsible investors to acquire these properties and accelerate efforts to stabilize local housing markets.

August 10, 2011 - (RealEstateRama) -- Zoeller: Company illegally operated in 15 Indiana counties, failed to pay refunds DANVILLE, Ind. - Indiana Attorney General Greg Zoeller visited Hendricks County today and filed a complaint against Legal Home Loa...

Atlanta, GA - August 8, 2011 - (RealEstateRama) -- Gofightforeclosure.com a self help system that shows homeowners defenses to fight home foreclosure and mortgage fraud through tactics how to challenge mortgage notes. Today announced the top five foreclosure tactics to get the bank to cancel foreclosure sales. Citing that bank foreclosures are rarely enforceable because of the lack of security interest.

WASHINGTON, DC - August 5, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the July edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest housing data offer continued mixed signals as home prices improved slightly but showed continued strain from foreclosures and distressed homes. Also, as more homeowners secure mortgage relief, fewer borrowers entered the foreclosure pipeline in June. The full report is available online at www.hud.gov/scorecard.

JERSEY CITY, N.J. - August 3, 2011 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Commissioner Lori Grifa today joined State Senator Sandra B. Cunningham, Mayor Jerramiah T. Healy, and other officials at the ribbon cutting for 13 affordable housing units in Jersey City that received $1 million in Neighborhood Stabilization Program funds through the DCA. The grant is paid for with federal funds intended to stabilize neighborhoods hard hit by home foreclosures.

IRVINE, CA - August 2, 2011 - (RealEstateRama) -- RealtyTrac® (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, today unveiled its new bulk foreclosure data search and download tool now known as MEGA Data. This new product gives users the ability to quickly sift through RealtyTrac’s database of more than 2 million foreclosure properties to create targeted lists of distressed homeowners, scheduled auctions and bank-owned properties.

August 2, 2011 - (RealEstateRama) -- Montgomery County’s Department of Housing and Community Affairs and the Maryland Department of Housing and Community Development will co-host a free workshop on Monday, August 8 from 3 to 8 p.m., to assist those faced with possible mortgage foreclosures. The workshop will take place at the Silver Spring Civic Building, One Veterans Place, Silver Spring

Washington, D.C. - August 1, 2011 - (RealEstateRama) -- Thousands of members of the National Bar Association (NBA), one of the nation's premier legal organizations, will gather in Baltimore, Maryland from July 31-August 4 to attend seminars and forums in conjunction with the organization's 86th annual convention. Commencing with a joint-town hall meeting with the American Bar Association entitled, "The War Against Foreclosures: Combating Foreclosures and the Mortgage Crisis in Communities of Color," the 86th Annual Convention will be the foreground for discussing the nation's top legal, social and economic issues.

IRVINE, CA - July 28, 2011 - (RealEstateRama) -- RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its Midyear 2011 Metropolitan Foreclosure Market Report, which shows that foreclosure activity decreased on a year-over-year basis in 178 out of the nation’s 211 metropolitan areas with a population of 200,000 or more. The report also shows that all top 10 metro areas with the highest foreclosure rates in the first half of the year posted decreasing foreclosure activity compared to the first half of 2010.

CHICAGO, IL - July 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle Hotels today reported that the volume of hotel investment transactions that closed in the Americas market in the first six months of 2011 reached $7.4 billion—a robust increase of approximately 180 percent on the same prior-year period. The numbers represent preliminary totals from Jones Lang LaSalle Hotels’ Hotel Investment Highlights Americas report due to be released later this month. The firm’s research tracks hotel asset transactions in excess of $10 million, and excludes note sales, recapitalizations and foreclosures.

SHELBYVILLE, IN - July 28, 2011 - (RealEstateRama) -- Indiana Attorney General Greg Zoeller was in Shelbyville today to file a complaint against a California-based foreclosure consultant company. According to the lawsuit, homeowners in seven India...

CLEVELAND, OH - July 26, 2011 - (RealEstateRama) -- In the wake of reports that banks and mortgage processors have continued a practice known as “robo-signing”—forging signatures and submitting false affidavits—U.S. Sen. Sherrod Brown (D-OH)...

Joppa, MD - July 26, 2011 - (RealEstateRama) -- As the nation’s foreclosure crisis persists, Congressman C.A. Dutch Ruppersberger (D-MD) announced today his office will host a foreclosure prevention workshop in Joppa on Thursday, July 28, 2011. The workshop will give Maryland homeowners a chance to meet one-on-one with their mortgage lender, servicers and counselors. This is the fourth such workshop Congressman Ruppersberger has hosted since 2010, helping more than 100 families facing foreclosure.

EUGENE, OR - July 26, 2011 - (RealEstateRama) -- IDX, Inc. pleased to announce the addition of Coy Alexander and Kern Foreclosures to the growing number of real estate professionals adopting the modern and efficient IDX Broker software to update their realty websites. With Alexander's partnership with the Bakersfield MLS (BKMLS), thousands of property listings are now available on her website for all of her clients and home seekers to see and search through. Never before has finding the right home online been easier, now that Alexander has changed her real estate website to better suit home seekers in Kern County and the surrounding areas.

WASHINGTON, D.C. - July 25, 2011 - (RealEstateRama) -- The Lawyers' Committee for Civil Rights Under Law applauds today's launch of the Consumer Financial Protection Bureau (CFPB). To mark this momentous date in the fight for consumer protections, the Lawyers' Committee released an issue brief on the severe impact of the ongoing foreclosure rescue scam crisis on older Americans. Scammers are preying on distressed homeowners by offering much-needed foreclosure counseling or loan modification assistance for a fee, yet failing to deliver any results-or refunds-in the end.

FRESNO, CA - July 22, 2011 - (RealEstateRama) -- More than half of Central Valley REALTORS® characterized closing short-sale transactions as “difficult” or “extremely difficult,” according to a Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The survey gauges REALTORS®’ experience working with lenders in their most recent transaction. The majority of those surveyed dealt with short-sale transactions – transactions in which the lender or lenders agree to accept less than the mortgage amount owed by the current homeowner.

Washington, DC - July 21, 2011 - (RealEstateRama) -- Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises, today led 11 of her colleagues in the House of Representatives urging U.S. bank regulators to publicly release information regarding the steps that mortgage servicers are taking to prevent illegal foreclosure practices. An identical letter was sent by U.S. Senator Robert Menendez (NJ), Chairman of the Senate Subcommittee on Housing, Transportation, and Community Development, and nine additional Senators.