October 2010

Federal authorities work with California officials to attack mortgage fraud

First came the sub-prime mortgage collapse, then a flurry of foreclosures – and now a wave of mortgage scam artists. The President’s Financial Fraud Enforcement Task Force was in L.A. Thursday to talk about how to flatten that wave. Task [...]


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When Foreclosure is a Good Option

One of the most controversial topics in today’s economy is foreclosure. For many consumers, deciding what to do once payments get behind is an agonizing choice. Do you try to work a deal out with the lender or simply let [...]


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Bank Dangled False Hope of Mortgage Modification

A Beverly couple says they regret the day they asked their mortgage company for help on their payments and blame the company for dangling false hope in front of them. “I wish Chase would have never bought my mortgage,” said Paul [...]


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More Hawaii homeowners doing short sales to avoid foreclosure

More Hawaii homeowners are going the route of a short sale rather than foreclosure when they are unable to keep up payments on their homes.


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Price slide likely to continue as shadow inventory comes to light

Several years after the foreclosure crisis hit the Chicago area, a quiet new storm of homeowner troubles is on the horizon. New data suggest that the number of homes taken back by lenders represents only a small percentage of the [...]


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Chase ‘marathon’ to help struggling homeowners begins today

There are marathons to fight breast cancer, multiple sclerosis and arthritis. Add helping overwhelmed homeowners to the list of causes. For four consecutive 12-hour days — today through Monday — JPMorgan Chase is hosting a “homeowners assistance event” at the [...]


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7 major lenders ordered to review foreclosure procedures

A top federal bank regulator said Thursday that he has directed seven of the nation’s largest lenders to review their foreclosure processes after learning about the widespread mishandling of homeowner evictions by the industry.


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Thousands Line Up for ‘Save the Dream’ LA Program, Hoping to Prevent Foreclosure

Thousands of people have gathered in Los Angeles in a last ditch effort to keep their homes from going into foreclosure. Men and women from all over the country stood in line today for a program called “Save the Dream,” [...]


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