Stop Foreclosure

State Homeowners Gain New Rights When Facing Foreclosure

(Source: KPIU By Bellamy Pailthorp) – Starting tomorrow, struggling homeowners in Washington have new rights.


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Councilwoman Selling Home In Short Sale

(Source: Sign on San Diego By Jen Lebron Kuhney) – Councilwoman Marti Emerald is selling her Tierrasanta home for less than what she owes on it in a short sale.


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Preventing Foreclosures By Making “Short Sales” Easier

FRESNO, California (Source: KFSN Linda Mumma) — California realtors are calling on lenders to do more to prevent families from going into foreclosure. This after a recent survey found more than half of Central Valley realtors characterized closing short sale [...]


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Mediation Efforts Fail To Stem Foreclosure Tide

PRINCE GEORGE’S COUNTY, Md. (Source: MSNBC By Kat Aaron and Mary Kane) — On a hot summer evening, two second-year law students are trudging through the leafy neighborhoods of suburban Prince George’s County, knocking on doors. Toting stacks of fliers, [...]


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17 News Investigation: Homeowner Challenges Bank

(Source: 17KGet) – A Bakersfield homeowner is taking on a bank, in a battle that could have sweeping implications for people facing foreclosure.


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Chase Opens Homeownership Center Near Fort Hood

KILLEEN, Texas, Jul 20, 2011 (Source: MarketWatch) – Continuing its support of military personnel and their families, Chase has opened its newest Homeownership Center near Fort Hood to provide one-on-one help for homeowners struggling with their mortgage payments.


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Mortgage Payment Help Available in Montana

MISSOULA (Source: KPAX by Angela Marshall) – There’s help available for Montana homeowners who are struggling to make their mortgage payments. However, they first must meet some qualifications to be eligible for the assistance.


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Need a Loan Modification? Join Newsday Live Chat at Noon

(Source: Newsday By ELLEN YAN) – “It’s not been dramatically different than what was happening before,” said Joan LaFemina, who runs foreclosure prevention efforts for the nonprofit Community Development Corp. of Long Island.


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Loan Modifications Are Scarce And Even Worse For Borrowers of Color

(Source: California Progress Report By Kevin Stein) – As the nation’s largest banks are paying multi-billion dollar settlements and being investigated by Attorneys General and other regulators, many of their servicing problems and abuses continue to hurt homeowners. A new [...]


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Home Loan Modification Hard to get, Report Says

(Source: The Press Enterprise Leslie Berkman) – California  homeowners continue to have trouble getting home loan modifications that stick under the Obama Administration’s Home Affordable Mortgage Program, according to a report released Tuesday by the California Reinvestment Coalition, a consumer [...]


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Short Sale Can Help Homeowners Avoid Foreclosure

(Source: By PAMELA YIP The Dallas Morning News) – For homeowners upside-down on their mortgage – owing more on the loan than the house is worth – foreclosure isn’t necessarily the only option.


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Mortgage Loan Modifications: Be on the Lookout

(Source: ABC News By LINH TRAN) – Being rewarded for doing the right thing is nothing unusual but hard to believe when big banks are the ones doing the rewarding.


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Free Homeowner Counseling Event in San Diego on July 16th

(LoanSafe.org) – Homeowners who need dire assistance should come to this free. Families and walk ins are most very welcomed. Save hundreds of dollars in pro-bono legal sessions to learn your legal rights that you have for your financial hardship.Come [...]


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When Banks Voluntarily do Principal Reductions

(Source: Reuters) – The holy grail of mortgage modification is principal reduction — the only thing which gets homeowners out of negative equity hell. And one of the big questions is why it’s not more common: it seems to make [...]


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Hundreds in Hollywood Wait in Line for Help to Save their Homes

(Source By Donna Gehrke-White, Sun Sentinel) – HOLLYWOOD Some homeowners emerged jubilant from the Westin Diplomat Resort on Monday, snagging instant mortgage modifications during a daylong event in Hollywood.


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Wells Fargo to Help Central Valley Customers Facing Mortgage Payment Challenges

MODESTO, Calif., Jul 11, 2011 (Source: Market Watch) — Wells Fargo & Company WFC +0.84% announced today it is hosting a free workshop for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing [...]


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Foreclosure Defense – One for Our Side!!

(Source: jacksonville) – There once was a man who had been working with his home loan servicer and had gotten a trial modification.  He sent in all his documentation for the permanent modification, but then the servicer said, “You scratched [...]


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Pacoima Couple Accuses JPMorgan Chase of Illegally Foreclosing on Home

LOS ANGELES (Source: Daily News Wire Services) – A Pacoima couple is suing the financial services firm JPMorgan Chase for allegedly disregarding federally backed loan modification agreements and illegally attempting to foreclose on their home, according to court papers obtained [...]


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Putting Brakes on Foreclosure

(Source: Chicago Tribune) – Q: I have been working with my bank on a loan modification, but just received a notice of foreclosure. I contacted the lawyer who is handling the foreclosure process, but she said she is acting on [...]


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Jobless Homeowners Could Get Mortgage Reprieve

(Source: Derek Kravitz, Associated Press) – The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program.


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An Insider’s View of Surviving a Short Sale

(Source: Chicago Tribune By Jim Buchta) – Chris Willette became a short-sale expert the hard way: He did his own. Almost three years ago, the Edina (Minn.) Realty sales agent found himself in the unenviable position of having to persuade [...]


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Obama Says “Back to the Drawing Board” on Mortgage Help

(Source: CBS News By Stephanie Condon) – President Obama said today that his administration is “going back to the drawing board” for ways to help homeowners struggling in the poor housing market.


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Treasury Slams Big Banks’ Mortgage Modifications

(Source: By Julie Schmit, USA TODAY) – The nation’s largest mortgage loan servicers have done a poor job in modifying distressed home loans through the government’s foreclosure prevention program and need “substantial improvement,” the Obama administration said Thursday.


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Little Help From Government for ‘Underwater’ Homeowners

(Source: Wall Street Journal By Alan Zibel) – Fewer than 5,000 homeowners have taken advantage of an Obama administration program that aids “underwater” homeowners, reflecting banks’ resistance to offer such principal write-downs.


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HUD to Give Away $1 Billion to Struggling Homeowners

(Source: Washington Post By Cezary Podkul) – Sandra Allwine has been pleading with her bank for more than two years to modify the mortgage on her Arlington County home. Despite exhausting all her savings and having her daughter move in [...]


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BofA Accord May Lead to Mortgage-Principal Writedowns, Bill Clinton Says

(sOURCE: By Hugh Son) – Former President Bill Clinton said Bank of America Corp. (BAC)’s accord with mortgage-bond investors may give more “underwater” borrowers a chance to cut the amount owed on their home loans.


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US Mortgage Modifications Down 10.5% From Year Ago

WASHINGTON -(Source: NASDAQ By Alan Zibel)- The number of troubled U.S. homeowners receiving help with their mortgages fell by more than 10% from a year earlier in the first quarter as fewer borrowers qualified for help.


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‘Mortgage Approved!’ 5 Factors That Make it Happen

NEW YORK (Source: By CANDICE CHOI Associated Press) – There’s rarely been a better time to buy a home. If only you could get approved for a mortgage.


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Why is Housing Market Stuck? This Family Offers One Answer

CHICAGO (Source: MSNBC By Bob Sullivan) — Ron and Cheryl Schmalz think they know one reason the U.S. housing market is stuck. They just spent more than two years and created about 50 pounds’ worth of paper trying to get [...]


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Oregon Foreclosure Bill Regulating Loan Servicers Still Alive

(Source: By Brent Hunsberger, The Oregonian) – Sources say at least one bill aimed to extending foreclosure protections for consumers and adding greater oversight over loan servicers remains alive today in the Oregon Legislature.


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