June 2010

Mortgage fraudsters beware. The F.B.I. is gearing up for a nationwide clampdown  in a new effort to slow the kind of lending practices that led to the housing crash of 2008, The Financial Times reported. Hundreds of people are expected [...]

The Obama administration’s loan modification program was supposedly designed to help homeowners avoid bankruptcy during the recession. We are one of the families in the program, but, unfortunately, have only had our financial straits worsened by government paper pushing and [...]

CHARLESTON — A Cross Lanes woman is suing Flagstar Bank and one of its employees after she claims they engaged in home mortgage servicing abuse. Kathy Belcher found a home she wanted to purchase in the summer of 2007 and [...]

SPRINGFIELD — Richard Ewing decided to work with a loan modification company to fight a foreclosure and keep his home of about 15 years. He paid the company offering loan modification assistance about $2,400.

Three workshops designed to help people facing foreclosure will take place next week in the Bay Area. The events are free and open to all, no matter which mortgage company holds an attendee’s home loan.

Last week the United States Attorney’s Office announced indictments for mortgage fraud and embezzling from the government, a separate guilty plea to embezzlement, as well as a prison sentence and restitution for someone who structured his finances to avoid IRS [...]

Elisha and Michael VanHorn would have tried to sell their family’s Matthews, N.C., home last year after illness forced him to stop working, but the federal foreclosure prevention program looked like a lifeline. They applied last August to get their [...]

JACKSON, Miss. – Prosecutors said a woman scammed several Mississippi banks out of more than a $1 million and then used the money to buy multiple houses.

SOUTH JORDAN — Close to 50,000 homes face foreclosure in Utah, which often means they’re sold at auction. One South Jordan woman faces that possibility, even though she claims she’s trying to pay her bank for the house.

Barclays has joined forces with housebuilder Bovis Homes to offer a mortgage to help buyers with only small deposits purchase a new build property. The group’s lending arm the Woolwich is offering a two-year fixed rate mortgage of 4.99% to [...]

A husband experiences a stroke and his wife switches to a part-time job after the company she works for closes. Suddenly, paying the mortgage is more than they can handle, leaving their home at risk of foreclosure. A single mom [...]

The former manager of a mortgage company in Anaheim Hills is facing wire fraud conspiracy and tax evasion charges in connection with what authorities say was a foreclosure rescue scam. Gregory Flores, who managed All Fund Mortgage branches in Anaheim [...]

“We provide foreclosure intervention counseling service in a comprehensive way,” says Johnson. The message CNE is sending out today is that there is help.

Is everyone starting to figure out this short sale business? Several Realtors have bragged to me this year about their easy short sales, and none have shared any horror stories about unbearable delays or mounds of red tape. Their advice [...]

If you need help now there are a few resources to contact. Sarasota County government and the 12th Judicial Circuit court system teamed up to gather resources at www.scgov.net/HomeHelp/Default.asp. Legal Aid of Manasota (366-0038) and Gulfcoast Legal Services (366-1746) also know how to [...]

Lenders seeking to foreclose on homes in Will County will have to attend a mandatory meeting with the homeowner and an independent mediator to determine if the home can be saved, under a new program announced for the county Monday.

The Capital District HomeSave Coalition, made up of experienced housing counseling groups and legal service experts, offers free assistance to homeowners facing difficulty with their mortgages. The organization is working to promote the services they offer and help homeowners avoid [...]

Homeowners struggling to make mortgage payments beware: Some people promising help just want to grab your scarce dollars. That is the key message of a campaign launched in Massachusetts on Monday to alert homeowners to the proliferation of loan modification [...]

“This continued on and on,” Richardson said. “After a while, they were asking for the same paperwork I’d already given them. We realized we’d been scammed out of $1,550.” A friend connected the family with St. Louis-based Beyond Housing, a [...]