February 2011

(Source: By Markeshia Ricks, Montgomery Advertiser, Ala.) –Bessie Lucas is someone who knows the impact of what has been called the worst financial crisis since the Great Depression. For seven months, the Millbrook resident was trying to support her 17-year-old [...]

(Source: 8 News Now)  LAS VEGAS — A Las Vegas woman accused of stealing thousands of dollars in a home foreclosure scam faced a judge Wednesday. The Nevada attorney General’s Office says Rena Starks promised loan modification help, but instead, [...]

(Source: Chicago Tribune) CHICAGO _ Mortgage loan servicers negotiated 1.76 million permanent loan modifications for homeowners last year, but more than two-thirds of them were completed in-house and not part of the federal government’s Home Affordable Modification Program. A year-end [...]

(Source: WASV) – Ed Jones is frustrated.  He’s trying to get a modification on his mortgage from Wells Fargo and instead, thinks he’s spent months getting the run-around.  He believes other home owners probably feel the same.  “We’re getting the [...]

(Source: Tulsa World) WASHINGTON – The Federal Reserve said Monday that banks loosened their lending standards modestly for certain business loans over the past three months but kept tight standards on consumer loans. The Fed said that 12 percent of [...]

(Source: KIMA TV) – YAKIMA — One of the most common complaints we get on our tip line here at Action News has to do with loan modification programs. Some of you claim you’ve been scammed. Others simply don’t understand [...]

(Source:By Kanana Katharangsiporn, Bangkok Post, Thailand) PHUKET — Sawitri Insatorn, a 27-year-old hotel employee, would love to buy a home of her own and has long wished for a monthly income for her and her husband, who also works for [...]

(Source: By Leslie Berkman, The Press-Enterprise, Riverside, Calif.) – Four years into the nation’s foreclosure crisis, consumer advocates say hundreds, if not thousands, of borrowers are losing their homes in foreclosure while negotiating to lower their mortgage payments — or [...]

(Source: Huffington Post) – After nine months of dutifully making lowered mortgage payments under the Obama administration’s foreclosure-prevention program, Bea and Terry Garwood of Pinckney, Mich., are all set to move out. Despite the promise of relief, they are losing [...]

Panama City (Source: WJHG – More than 50 people filed fraud reports with the Bay County Sheriff’s Office this month. Although not all of them stemmed from the Internet, sheriff’s investigators say it’s a popular tool for con artists. Cynthia [...]

(Source: By Katy Stech, The Post and Courier, Charleston, S.C.) – Your home’s value this year depends largely on whether the company down the street decides to hire again. The region’s overall real estate prices rose slightly throughout 2010 to [...]

(Source: By Dale Kasler, The Sacramento Bee, Calif.) – The Internal Revenue Service wants the courts to crack down on Alfred Villalobos, the businessman in the middle of the CalPERS bribery scandal. Saying Villalobos is “depleting” his fortune, the IRS [...]