September 2010

Fox Business – We take a look at opportunities in the housing market.

A panel of national and local experts sat before the federal Financial Crisis Inquiry Commission during a hearing focused on liar’s loans, predatory mortgage practices and shady home appraisals. They concluded that the financial impact of the fraud was more [...]

Three years into the mortgage crisis, lenders are still way, way behind in modifying mortgages. What gives, exactly? Here’s the data: Most — 60% — of homeowners who’re seriously late (60 days or more) on house payments haven’t heard a [...]

Ohio home foreclosures are up more than 18 percent from one year ago. One of the reasons is that permanent home loan modifications have been given to only about a third of the borrowers who applied for them. Local 12 [...]

Chances are you know someone who has foreclosed on their home, especially in the recent economic downturn. But foreclosure doesn’t mean you’re a renter for life. In some cases you can get a new mortgage within three years after a [...]

So far in 2010, 94 North Texas hotel foreclosure filings have been recorded. There were 30 filings for the same period in 2009, according to Foreclosure Listing Service Inc.

NEWARK, Del. (AP) ―  Authorities in Delaware are considering measures to curb an increase in illegal parties being thrown in vacant homes left empty by the foreclosure crisis. This summer, residents of the Timber Farm neighborhood of $350,000 homes near [...]

Foreclosures are at record numbers, and many people lose their homes because they seek help too late or, in some cases, don’t seek help at all. CredAbility of Palm Beach County and the Treasure Coast helps homeowners explore their alternatives [...]

A Port Arthur woman has filed suit against the bank that she claims wrongly foreclosed on her property.Keice L. East claims defendant HSBC Bank foreclosed on her Port Arthur property on July 6. However, the bank never should have done [...]

Will Fannie Mae and Freddie Mac participate in the new “short refinance” program that’s being rolled out by the Federal Housing Administration? It’s tough to get a straight answer from anyone in Washington right now. But it’s an important question, [...]

The Pew Research Center released the results of a survey this week that found that more than one-third of Americans say it is acceptable under some circumstances to stop paying a mortgage and walk away from a home and its [...]

Chances are you know someone who has foreclosed on their home, especially in the recent economic downturn. But foreclosure doesn’t mean you’re a renter for life. In some cases you can get a new mortgage within three years after a [...]

MINNEAPOLIS (TheStreet) — Ally Financial denied claims that its subsidiary, GMAC Mortgage, instituted a foreclosure moratorium in 23 states, according to a statement posted on its website Monday. Recent reports have stated that GMAC Mortgage instituted a moratorium on all [...]

The foreclosure crisis is far from over. Rather, as this chart from Daniel Indiviglio at The Atlantic shows, it is in some ways just peaking. Last month, banks foreclosed on more homes than ever before. More than a million families [...]

The foreclosure crisis is bad enough, but in southern New Jersey and elsewhere it is being worsened by illegal and unscrupulous operators scamming distressed homeowners, government-approved counselors say.

Most of these agreements, say lawyers who have worked in Nevada’s program, were probably for temporary modifications like those that have frustrated borrowers elsewhere — you know, the kind of plan that lasts only three months until the bank decides [...]

One of the ugliest effects of this economic downturn is how it’s brought out crooks who prey on financially distressed homeowners by ensnaring them in home-loan modification scams.

Taking “the foreclosure” on the block and renovating it to sell is the formula Lake County expects to use in its newest federal housing grant.