August 2010

Jason Vitulano, a former branch manager for Top Dot Mortgage in Boca Raton, has been sentenced to more than five years in prison on charges that he and others committed mail and wire fraud by submitting false mortgage applications to [...]

Image via Wikipedia Struggling Florida homeowners can get free mortgage help from NACA in the Palm Beach area. Today is the last day for the event. So, please rush over there if you need assistance with your mortgage. The servicers [...]

WEST PALM BEACH — About 8,200 households had sought help from the Neighborhood Assistance Corp. of America through Monday afternoon, fewer than the non-profit group had expected.

Image via Wikipedia Las Vegas, NV – Three people were indicted today for allegedly operating a foreclosure rescue scam in Las Vegas during 2008 and 2009. The indictment alleges that Doninador Palalay a.k.a. Dominador Palalay, Marie Tejada Medina and Benjamin [...]

Image via Wikipedia The economic downturn has snared yet another Housewife. After defaulting on a $4.6 million loan for their Newport Beach home, Jim and Alexis Bellino, of the “Real Housewives of Orange County,” have been rescued from foreclosure by [...]

NEW YORK (CNNMoney.com) — Remember how everyone complained that banks weren’t doing enough to help troubled borrowers? Well …

Home sales are hitting new lows, the number of homeowners behind on their mortgages is again climbing, as is the number of foreclosures. Housing market misery is widespread—but particularly intense for the troubled homeowners relying on the Home Affordable Modification [...]

The Palm Beach County Convention Center filled again Friday with tales of mortgage woe. Before dawn, with a plump white moon overhead, a line of desperate home­owners trailed around the outside of the building. They slept in beach chairs or [...]

A new law that requires lenders to discuss loan modification options with homeowners in distress is drawing mixed criticism from experts who deal with foreclosure. Maryland’s Foreclosure Mediation Law, which took effect July 1, was passed with the hope that [...]

Normally, I’d consider the long lines at today’s loan-modification marathon as another sign of the region’s financial pain. But hoteliers say the Neighborhood Assistance Corp. of America’s event at the Palm Beach County Convention Center will sell more than 1,500 [...]

THE LAW firm was supposed to represent the couple at their foreclosure hearing. When no one showed up, the judge told the couple they had “been taken” and should change their bank account information.

Arizona homeowners associations are not accepting a resident’s foreclosure as an excuse when it comes to collecting unpaid dues, assessments and fines.

Terry and Marilyn Wallace of Antioch pinned their hopes to save their home on the federal government’s Making Home Affordable Program. Now, they wish they hadn’t.

Today at 9 a.m., is the official opening for the Neighborhood Assistance Corp. of America major mortgage modification event in West Palm Beach. When NACA was last in West Palm Beach, in February, its counselors worked on 24,000 loans and [...]

WASHINGTON (MarketWatch) — Word of warning: I am currently working temporarily for a loan-modification law firm. I use the words “law firm” loosely. It is more of a call center filled with cubicles and salesmen calling themselves case representatives and [...]

A former Franklin County, Ohio landlord indicted last year on dozens of criminal charges tied to a mortgage fraud scheme has struck a plea agreement on eight charges just as his case was set to go to trial.

Stuck — that’s how Yvonne Smith felt as she tried unsuccessfully for more than two years to sell her Evanston home. She recently agreed to an offer that’s roughly 37 percent below her initial asking price, joining many other sellers [...]

More and more commercial real-estate companies are doing what many indebted homeowners would like to do: Walk away from mortgages on properties that are now worth a lot less than they paid for them. Today’s Wall Street Journal highlights three [...]

As a real estate agent specializing in the Oviedo-Winter Springs area, Allison Day sees them all the time: upside-down homeowners who don’t want to move but can’t afford to stay. “These are homeowners who desperately want to stay in their [...]

Maria Olmo, 63, doesn’t like her chances of paying off her new, 40-year mortgage. “I’ll die before it’s paid off,” said Olmo, who got her 30-year mortgage modified because she was at risk of losing her home to foreclosure. “This [...]