Foreclosure News

New Jersey Foreclosure Rescue Scammer Sentenced to More Than 13 Years in Prison

(Source: USDOJ)  PHILADELPHIA, PA – Gennaro Rauso, 47, of Trenton, NJ, was sentenced today to 160 months in prison for several mortgage fraud related charges, announced United States Attorney Zane David Memeger. Rauso owned and operated a real estate management [...]


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Banks Will Be Sued If Foreclosure Talks Collapse, Two States Say

June 21 (Source: Bloomberg) — Two state attorneys general who are among those leading negotiations with the five largest U.S. mortgage servicers over their foreclosure practices said the banks would be sued if a settlement isn’t reached.


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Foreclosures Are Not Going To Go Away Anytime Soon

(Source: By Rose Meily, for Silicon Valley Community Newspapers) – When it comes to foreclosures and short sales, there is not much good news on the horizon, a foreclosure data expert said last week. Michelle Lenahan, director of customer service [...]


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Bank of America Hindered Foreclosure Review

SAN FRANCISCO (Source: msnbc) — Bank of America Corp unnecessarily burdened U.S. regulators who were reviewing the mortgage giant’s foreclosure practices, according to a court filing.


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Ruling Challenges Ore. Foreclosure System

PORTLAND, Ore. (CN By DEE MOORE ) – Bank of America and Mortgage Electronic Registration Systems broke the law when they failed to record every time the trust deed for a couple’s home mortgage changed hands, a federal judge found [...]


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Bank Sues Island Restaurateur After Foreclosures

(Source: THe Inquirer and Mirror By Jason Graziadei) – Michael Sturgis stood in the driveway of his home in Tom Nevers in March and watched the small crowd that had gathered to bid on his home.


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