Foreclosures dropped in more than 84% of U.S. metro areas during the January to June period, the latest report from RealtyTrac says “These dramatic decreases indicate the foreclosure pipeline continues to be clogged in many local markets across the country,” said RealtyTrac CEO, James Saccacio, whose firm reported earlier this month that the national foreclosure [...]
NATIONWIDE Sen. Maria Cantwell and nine other senators want bank’s foreclosure records revealed Sen. Maria Cantwel and nine other senators wrote a letter to regulators asking them to release information on “how well banks have carried out foreclosures.” The aim of the letter addressed to the Office Comptroller of the Currency, the Federal Deposit [...]
Sen. Maria Cantwel and nine other senators wrote a letter to regulators asking them to release information on “how well banks have carried out foreclosures.” The aim of the letter addressed to the Office Comptroller of the Currency, the Federal Deposit Insurance Corp. and the Federal Reserve is to prevent illegal foreclosure practices. The highest [...]
US banks push to win broad liability releases as part of the mortgage settlement. This has become the most litigious issue in talks to solve a nationwide investigation of foreclosure practices and mortgage servicing. Bank of America, JPMorgan Chase and Citigroup push for obtaining protection from additional state and federal claims as part of the [...]
NATIONWIDE One million foreclosures delayed Foreclosure postings in the first six months of this year are down 25% from the period a year prior. Though filings rose 4% in June from may, they are still down, compared to June 2010 as last month was the ninth straight month where foreclosure activity decreased on a [...]
Homeowners in distress have now a powerful partner: Nevada’s Supreme Court sided with them on three foreclosure cases last week regarding violations of the state’s Foreclosure Mediation Program and Foreclosure Mediation Rules. Each case involved accusations that lenders “forgot to provide required documentation at mediation” or “did not have someone present at mediation who had [...]
Foreclosure postings in the first six months of this year are down 25% from the period a year prior. Though filings rose 4% in June from may, they are still down, compared to June 2010 as last month was the ninth straight month where foreclosure activity decreased on a year-over-year basis, RealtyTrac reported. However, the [...]
NATIONWIDE Government will ease foreclosure rules for unemployed The Obama administration is easing foreclosures for out-of-work homeowners to stay in their homes as it tries to revamp its troubled foreclosure-prevention program. Starting next month the Federal Housing Administration will extend the period for unemployed homeowners to miss mortgage payments to 12 months from three [...]
According to an announcement coming from Sen. Richard Blumenthal, the Senate Judiciary Committee will investigate charges of abuses by mortgage servicers, including improper loan mod agreements and shoddy foreclosure practices, which might have resulted in improper home foreclosures. The number of unjustified foreclosures has risen across the county as a result of outrageous homeowner fees [...]
The Obama administration is easing foreclosures for out-of-work homeowners to stay in their homes as it tries to revamp its troubled foreclosure-prevention program. Starting next month the Federal Housing Administration will extend the period for unemployed homeowners to miss mortgage payments to 12 months from three or four months. This move will allow (qualified) homeowners [...]
A company of integrity is what I thought of Eureka. I was repaid for the roof repair as soon as I faxed the receipt. Everyone was happy. My clients got their new home that was a dream and a blessing for them. Thanks again.
WILDA RODRIGUEZ
Nations Realty
