July 2010

Moe Bedard, who runs a free online foreclosure forum called www.LoanSafe.org , invites homeowners to share their experiences about fighting foreclosure. While some homeowners detail their frustrations in dealing with NACA on the forum, others sing the organization’s praises. Bedard [...]

HONOLULU — A man who prosecutors say used religion to lure victims into a mortgage fraud scheme was sentenced to prison Thursday. John Mendoza, 59, was sentenced to six years behind bar. That’s not enough says a woman who said [...]

As a reporter covering the housing market for going on six years, I will be the first to admit that I often get mired in the numbers, the policies and the politics of this unprecedented housing crisis.

The Obama administration’s much ballyhooed (and often maligned) Home Affordable Modification Program, or HAMP, has provided funds for mortgage servicers for loan modifications.

Loan-modification scams are proliferating as the recession lingers and more Valley homes are foreclosed. Scammers are charging large fees to help troubled homeowners, but that help is available for free from non-profit counselors who can help negotiate with loan servicers.

HOUSTON – As more and more homeowners face the possibility of losing their home to foreclosure, many are turning to programs to help modify their loan. But sometimes those programs offer false hope and do more harm than good. Read [...]

If you walk away from a mortgage you don’t want any more, what are the consequences? I wrote about the moral and credit implications in a previous post. A reader emailed to ask about the federal tax implications. “In my [...]

The Frisco soldier who lost his home to foreclosure while serving in Iraq has gotten the house back.

 In a foreclosure, you’re not alone, they could double in 2010. And usually, they’re a lose-lose situation for everyone. The bank, the homeowner, the neighborhood and the nation. There is another option. It’s called, a short sale. Attorney Elizabeth Kayser [...]

Bank of America has filed a pending foreclosure suit against the Hampton Inn and Suites in Cape Coral, according to records from the Lee County Clerk of Courts. Borrowers for the local hotel include three principles, Elmer Tabor, Fred Hirschovits [...]

The Man of Steel turned into a golden godsend for one family about to lose their home to foreclosure, MyFoxBoston reported. While packing up their belongings amid foreclosure proceedings against their home, the anonymous family discovered an original edition of [...]

Landlords are seeing a surge in apartment rentals as mounting foreclosures reduce homeownership and an improving job market for young adults encourages them to find their own places.The number of occupied apartments increased by 215,000 in the 64 largest U.S. [...]

“Inspector Reports That a Program to Help Prevent Foreclosures Has Fallen Short” (news article, July 22) not only highlighted the shortcomings of federal efforts to address the foreclosure crisis, but also the urgent need for banks to do more to [...]

Tammy Ravenstein is a single mother of two children who needed help with her mortgage. “I wanted to take advantage of something that was out there that other people were getting,” Ravenstein said.

It’s a government program called HOPE. The purpose: to save your home from foreclosure. But one suburban woman says the program has given her anything but hope. In fact, CBS 2 Dorothy Tucker reports, she’s now closer than ever to [...]

CAPE CORAL, Fla. – A Cape Coral woman and her daughter are homeless despite their efforts to save their house through the president’s “Making Homes Affordable” program.  Now she has less than a week to move out, and she’s calling [...]

While the government has already committed $75 billion to modify loans through its signature Home Affordable Modification Program, the massive financial-regulatory overhaul that President Barack Obama signed last week offers more money to help homeowners facing foreclosure.

Sales of new homes are near 47-year lows, yet the supply of new and existing homes is expected to grow in the months ahead as construction ramps up and a wave of foreclosed homes hits the market. In June, new-home [...]

WHITE CITY — Saul Cervantes thought he was making a smart financial move by accepting the services of a company claiming it would help him negotiate with his bank to lower his monthly mortgage payment. Instead, Cervantes was bilked out [...]

Banks and financial institutions have received $75 billion in taxpayer money to offer more affordable mortgages to homeowners. Hundreds of thousands of families have tried to obtain loan modifications from those banks. Many property owners say they are getting the [...]

Q. What are the effects of a foreclosure on someone’s credit? I’m thinking of walking away from my Florida property, which costs me, net after rental income, $1,000 per month. The house is worth $10,000 to $20,000 less than the [...]