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WASHINGTON, DC - July 20, 2011 - (RealEstateRama) -- In the wake of recent allegations that illegal foreclosure “robosigning” by banks is still rampant, U.S Senator Robert Menendez (D-NJ), Chairman of the Senate Subcommittee on Housing, Transportation, and Community Development, and nine additional Senators sent a letter today to the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation urging the agencies to publicly release information regarding each mortgage servicer’s performance to prevent illegal foreclosure practices. An identical letter was sent by Rep.

OLYMPIA, WA - July 19, 2011 - (RealEstateRama) -- The Washington State Foreclosure Fairness Act Mediation Program begins Friday, July 22. The program, a result of bipartisan legislation (SSHB1362, Chapter 58, Laws of 2011 (PDF)*) during the 2011 sessio...

HARTLAND, WI - July 19, 2011 - (RealEstateRama) --Visionary Apps LLC (www.visionaryapps.com), creators of innovative smart-phone and tablet tools that aim to improve people’s lives, today announced that its popular Complete ForeclosuresSM application (app) for the iPhone and iPad is now exclusively powered by data from RealtyTrac® (http://www.realtytrac.com/), the leading online marketplace of foreclosure properties. One of the many new features is the RealtyTrac® Single Property Details Purchase feature which will allow Complete Foreclosures to offer full details on EVERY listing, whereas before some of the property listings only had partial details.

WASHINGTON, DC - July 19, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the Commonwealth of Puerto Rico and provide support to homeowners and low-income renters forced from their homes following severe storms, flooding, mudslides, and landslides in May and June.

SAN FRANCISCO, CA - July 19, 2011 - (RealEstateRama) -- PCCP, LLC provided a senior participating loan to Basin Street Properties to finance the REO acquisition of Sequoia Center, a three-building Class A office property totaling 210,000 square feet. The buildings are located within the desirable Redwood Business Park, a 1.1 million square-foot master-planned business park in Petaluma, Calif. Sequoia Center was vacant at the close of escrow, however a 96,000-square-foot lease has been signed with Enphase Energy which will bring the occupancy up to 46 percent by the end of 2011. The property includes a three-story building built in 1998 located at 1400 North McDowell Blvd., a three-story building built in 2000 located at 1420 North McDowell Blvd., and a four-story building built in 1999 located at 5341 Old Redwood Hwy.

WASHINGTON, D.C. - July 19, 2011 - (RealEstateRama) -- The majority of those surveyed would squat in a vacant home if things got so bad economically they were forced to do so, according to a new Housing Predictor opinion poll

Reston, VA - July 18, 2011 - (RealEstateRama) -- Another ruling from the U.S. District Court in the Eastern District of Michigan Southern Division declined to reconsider a non-judicial foreclosure initiated by Mortgage Electronic Registration Systems, Inc. (MERS), as mortgagee, underscoring former borrowers’ lack of standing under Michigan law to challenge a foreclosure after the statutory redemption period has expired, further limiting the applicability of the Michigan Court of Appeals’ decision in Residential Funding v. Saurman/Bank of New York Trust v. Messner (“Saurman”).

Olympia, WA - July 18, 2011 - (RealEstateRama) -- The Washington State Foreclosure Fairness Act Mediation Program begins Friday, July 22. The program, a result of bipartisan legislation (SSHB1362, Chapter 58, Laws of 2011) during the 2011 session, make...

WASHINGTON, DC - July 18, 2011 - (RealEstateRama) -- U.S. Senator Tom Udall (D-NM) today urged New Mexicans who are at risk of foreclosure to take advantage of a new federal program that has made more than $10 million available in interest-free, for...

Newport Beach, CA - July 18, 2011 - (RealEstateRama) -- North Valley Bank has launched an online auction featuring a portfolio of OREO assets on the Freedom Realty Exchange, a leading online real estate auction platform. Operated and managed by the auc...

Atlanta, GA - July 18, 2011 - (RealEstateRama) -- GoFightForeclosure.com today announced to declare that the vast majority of bank foreclosures are unlawful. Citing that foreclosures destroy families and communities. As a result they have decided to arm families with knowledge to fight foreclosure and win by offering up six senses to detect improper mortgage securitization.

CHARLESTON, VA - July 15, 2011 - (RealEstateRama) -- Responding to the case of a Clay County homeowner who was the victim of fraud while seeking help with his mortgage, Attorney General Darrell McGraw today took action against National Relief Group for charging illegal advance fees and misrepresenting that the company would obtain loan modifications for consumer mortgages. McGraw’s Consumer Protection Division filed a petition in Kanawha County Circuit Court to enforce a subpoena against the California-based company.

WASHINGTON, DC - July 15, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the Commonwealth of Pennsylvania and provide support to homeowners and low-income renters forced from their homes following severe storms and flooding in April.

Washington, DC - July 14, 2011 - (RealEstateRama) -- During this morning's Oversight and Government Reform Committee hearing, Congressman John Tierney, Ranking Member of the Subcommittee on National Security, called on Chairman Darrell Issa to refocus his attention on efforts to protect our servicemembers from illegal foreclosures, rather than standing up for the big banks responsible for these egregious actions. He also entered into the record a report compiled by the Democratic staff entitled "Fighting on the Home Front: The Growing Problem of Illegal Foreclosures Against U.S. Servicemembers." The report describes in detail the systemic nature of these problems.

July 14, 2011 - (RealEstateRama) -- California, Florida, Michigan, Arizona, and Nevada made up more than half of the foreclosure activity in May. According to ForeclosureListings.com, there were 8,828 California foreclosure listings in May and 10,506 in June; an increase of 19.0%.

IRVINE, CA - July 14, 2011 - (RealEstateRama) -- RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Midyear 2011 Foreclosure Market Report, which shows a total of 1,170,402 U.S. properties received foreclosure filings — default notices, auction sale notices and bank repossessions — in the first six months of 2011, a 25 percent decrease from the previous six months and a 29 percent decrease from the first half of 2010. The report also shows that 0.90 percent of all U.S. housing units (one in 111) had at least one foreclosure filing in the first half of the year.

Washington D.C. - July 14, 2011 - (RealEstateRama) -- The deadline for homeowners to qualify for the Emergency Homeowners’ Loan Program (EHLP) is rapidly approaching with all Pre-Applicant Screening Worksheets due by Friday, July 22, 2011.The EHLP, launched by the U.S. Department of Housing and Urban Development (HUD) in conjunction with NeighborWorks® America in June, is designed to help homeowners who are at risk of foreclosure in 27 states across the country and Puerto Rico. The program assists homeowners who have experienced a reduction in income and are at risk of foreclosure due to involuntary unemployment or underemployment, due to economic conditions or a medical condition.Under EHLP guidelines eligible homeowners can qualify for an interest free loan which pays a portion of their monthly mortgage for up to two years, or up to $50,000, whichever comes first.

CLEVELAND, OH - July 13, 2011 - (RealEstateRama) -- Ohio Attorney General Mike DeWine today announced a lawsuit against foreclosure rescue company Diversified Real Estate Consultants LLC (DREC), its affiliates, and its owner for multiple violations ...

WASHINGTON, D.C. - July 13, 2011 - (RealEstateRama) -- Even after they find a new job, many North Carolinians who have been unemployed during the economic downturn still struggle to hold onto their homes. They may have either missed payments when t...

WASHINGTON, DC HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its May 2011 mortgage industry data, which estimates declines in foreclosure sales for the second straight month.