Foreclosure National News & Articles

Study Finds Correlation between Depression, Foreclosure

August 26, 2009

In a recent study, 250 Pennsylvanians at risk of losing their homes were surveyed. It was found that 37 percent screened positive for major depression. This number is exceedingly high-...

Home Sales Increase in Western U.S.

August 19, 2009

According to a report from the National Association of Realtors, home sales across the Western region of the United States have increased by nearly 4 percent in July. A great number of these home...

“Atlanta Housewife” Faces Foreclosure

August 12, 2009

Lisa Wu-Hartwell, the wife of former Oakland Raiders linebacker Edgerton Hartwell, and one of the stars of the hit Bravo television show, “Real Housewives of Atlanta,” was recently evicted...

NYC Foreclosures Drop, Remain Unbalanced

August 5, 2009

Even though the total number of foreclosures in the city of New York has dropped dramatically since last year, many are worried that the homes, which are still being foreclosed...

Woman Avoids Mortgage Crisis with $40 Apple Cake

July 29, 2009

A New Jersey woman has recently achieved international fame with her “mortgage apple cakes,” which she began to sell, in order to save her house. Ten days ago, the woman...

Historic Watergate Hotel Up for Auction

July 15, 2009

The Watergate Hotel, the famous spot where a break-in occurred in 1972 and led to President Nixon’s resignation in 1974, is now up for auction to the highest bidder. The Washington...

Parents Warned of Foreclosed Homes

July 9, 2009

After families are forced out of their homes by foreclosure, the houses often remain...

Former Bulls Star Faces Foreclosure

July 5, 2009

Eddy Curry, a former star player for the Chicago Bulls and his family are now...

Renters Also Threatened by Foreclosures

June 25, 2009

Though many believe that foreclosure only affects home and property owners, thousands...

Florida Man Charged with Foreclosure Fraud

June 18, 2009

Authorities are now saying that a man who used to be a police officer, and who lives...

Famous California Resort Faces Foreclosure

June 16, 2009

A Southern California resort where AIG held a luxury retreat is now facing foreclosure. The...

Foreclosed Homes May Be Used for Hurricane Shelters

June 5, 2009

Florida government officials recently announced their decision to use the hundreds of...

NY Times Reports Home Sales Remain Sluggish

May 27, 2009

On Wednesday, the National Association of Realtors announced that the inventory of unsold homes, including townhouses and condominiums, rose to nearly 4 million in April. It also reported that...

Arizona Foreclosure Scams on the Rise

Wednesday May 20, 2009

According to a report, which was delivered by Arizona’s Attorney General, Terry Goddard, the rate of foreclosure rescue scams has jumped to 30 percent statewide in the past few months. Because more and more individuals and families are in danger...

Congress Passes Bill to Help Homeowners Avoid Foreclosure

Wednesday, May 13, 2009

The United States Congress recently voted to pass legislation that would encourage banks to spare their homeowners from foreclosure. The bill, which is known as the Helping Families Save Their Homes Act was approved...

Rise in Foreclosures Blamed for Rise in Health Issues

Wednesday April 22, 2009

A report, which was recently released by the Public Health Department of Oakland, California, draws a connection between the number of foreclosures that are occurring in the area with rising concerns about healthcare and wellness...

NYC a Hot Zone of Foreclosure Fraud

Thursday April 16th

In 2009, the federal Department of Housing and Urban Development declared that the city of New York was a "foreclosure fraud hot zone."

NYC Helping Residents Avoid Foreclosure

Congress may still be struggling to figure out how to help homeowners who are facing foreclosure during the credit crunch, but New York City is stepping in to reach out to homes in five differe

FHA has helped 300,000 families find relief with Government-Backed Mortgages

U.S. Department of Housing and Urban Development Secretary Steve Preston today announced that 300,000 families have refinanced their mortgages with HUD's affordable mortgage insurance program.

Presidents Signing of the Housing and Economic Recovery Act of 2008

The Housing and Economic Recovery Act of 2008 will provide crucial support for the housing market and help prevent foreclosures for working families. It also establishes a series of landmark reforms that will put U.S. housing and mortgage finance on solid footing for the long term.

HUD Awards more than $17 millions to help develop housing for very Low-Income Elderly

Senior housing developments in 30 states will receive critically needed funding to get their projects off the ground thanks to more than $17 million in "pre-development" grants announced today

New York City's Lien Sale And Home Foreclosure Process

General Information on the City's Lien Sale Process

New Jersey Foreclosing Rights

federalreserve.gov, Dec 28, 2005

New Jersey allows a ten-day statutory right of redemption under the standard power-of-sale foreclosure procedure

Bush Administration to implement FHASECURE expansion using fair, flexible premuim pricing

hud.gov, May 20, 2008

The Bush Administration today issued final guidance that will permit its flagship mortgage insurance program to assist more homeowners who are struggling to keep up with

FHA extends financing for immediate purchase of foreclosed homes

hud.gov, Jun 16, 2008

In an effort to stabilize declining home values in certain neighborhoods, the Bush Administration today announced a temporary policy that will extend government-backed

HUD Proposes mortgage reform to help consumers better understand their loan

hud.gov, Apr 22, 2008

In an effort to significantly improve the complicated, unclear and costly homebuying process, U.S. Housing and Urban Development Secretary Alphonso Jackson today proposed

FTC Testifies on Efforts to Protect Consumers in Subprime Mortgage Market

ftc.gov, May 01, 2008

The Federal Trade Commission testified before the U.S. Senate Committee on Commerce, Science, and Transportation?s Subcommittee on Interstate Commerce, Trade, and Tourism

Jackson and Daley Stress Foreclosure Prevention In Chicago

US Department of Housing & Urban Development, Feb 13, 2008

Foreclosure does not have to be inevitable. That was the message from U.S. Housing and Urban Development Secretary

FTC Testifies on Efforts to Stop Mortgage Foreclosure ‘Rescue’ Fraud

FTC, Mar 03, 2008

The Federal Trade Commission today told the U.S. Senate Special Committee on Aging that the Commission, partnering with other federal agencies and state and local

FTC Charges Mortgage Foreclosure Rescuers with Deceiving Homeowners

FTC, Mar 12, 2008

In an ongoing effort to crack down on businesses that prey upon homeowners facing foreclosure

Blagojevich Administration Officials Launch Homeowner Outreach Days

Illinois.gov, Nov 28, 2007

Events will help hundreds of Illinois homeowners facing foreclosure avoid losing their homes

Lt. Governor Carney, Task Force Members Release Recommendations On Foreclosure

delaware.gov, Jan 31, 2008

Lt. Governor John Carney was joined today by Wilmington Mayor James Baker and members of the Foreclosure Task Force to release an interim report outlining short-term

Attorney General McKenna Sues, Settles with Real Estate Investors for Mortgage Foreclosure “Rescue” Violations

Washington State Office, Sep 20, 2007

Settlement with three Washington-based businesses and their owners accused of taking unfair advantage of homeowners and other property owners facing tax foreclosure

Special Web Section Unveiled for Homeowners Who Lose Homes; Foreclosure Tax Relief Available to Many

IRS, Oct 03, 2007

The Internal Revenue Service unveiled a special new section on IRS.gov for people who have lost their homes due to foreclosure.

Comptroller Dugan Expresses Concern over Subprime Mortgage Foreclosures

OCC, Aug 30, 2007

risk of widespread foreclosures among subprime borrowers and the resulting costs for homeowners, communities, and financial institutions

200,000 More Families Could Avoid Foreclosure With Congress

HUD, Sep 06, 2007

More than 200,000 families could avoid foreclosure under pending legislation to reform HUD's Federal Housing Administration

Comptroller Dugan Encouraging Delinquent Borrowers to Contact Lenders for Help to Avoid Foreclosure

OCC, Sep 12, 2007

OCC and the other federal bank regulators have issued a statement on working with mortgage borrowers to avoid foreclosure that recognizes the benefits

In Boston, Governor Announces Immediate Action To Address Rising Tide of Home Foreclosures

Mass, Aug 16, 2007

Governor Deval L. Patrick announced both immediate regulatory action and proposed legislation to assist families facing home foreclosures

Federal Regulators Encourage Institutions to Work with Mortgage Borrowers Who Are Unable to Make Their Payments

FDIC, Aug 23, 2007

The federal bank, thrift and credit union regulatory agencies are encouraging financial institutions to work with homeowners who are unable to make mortgage payments

Attorney General and Department of Finance Warn of “Foreclosure Rescue” Schemes

Idaho Department of Finance, Jul 26, 2007

Idahoans facing foreclosure on a home mortgage should be wary of fraudulent scams

Delinquencies and Foreclosures Increase in Latest MBA National Delinquency Survey

Mortgage Banker Association, Aug 02, 2007

The percentage of loans in the foreclosure process was 1.19 percent of all loans outstanding at the end of the fourth quarter

Government Program Helps Families Stay in Their Homes

U.S. Department of Housing and Urban Development, Jul 06, 2007

Federal Housing Administration helps homeowners avoid foreclosure HUD Secretary Urges Congress to pass FHA Modernization Bill so HUD can help more even families.

Real Property Foreclosure in Oregon

Oregon Department of Rervenue, Jul 12, 2007

The property is subject to foreclosure when the taxes are three years delinquent.

HUD Releases Tips For Avoiding Foreclosure

HUD, Jul 19, 2007

Top 10 tips for homeowners who are facing foreclosure

Oregon Real Property Foreclosure

Oregon Department of Revenue, Jun 21, 2007

The county acquires legal title to a property if the taxes aren?t paid by a certain date.

HUD Stresses Promotion and Protection at California Homeownership Summit

U.S. Department of Housing and Urban Development, Jun 28, 2007

A recent HUD-sponsored homeownership summit in Washington, D.C. revealed that half of all homeowners facing foreclosure are afraid to contact their lender for help.

FHA Foreclosure Moratoriums

U.S. Department of Housing and Urban Development, Jun 07, 2007

Upon completion of the individual reviews, HUD will notify lenders that the foreclosure process may continue.

Foreclosure in Connecticut

Connecticut Housing Finance Authority, Jun 14, 2007

The law requires that the court add certain items, such as court costs and legal fees, to the existing principal balance when it restructures the mortgage debt.

Suffolk County Clerk Reports Record Breaking Number of Preforeclosure Filings

Suffolk County Government, May 24, 2007

The Mortgage Bankers Association reported that more than 2.1 million Americans with a home loan missed at least one payment at the end of last year.

Pacific County Foreclosures

Washington Pacific County Treasurer, May 31, 2007

Title reports are ordered mid July and are available mid to late August in the treasurers office.

What can You do if Faced with Foreclosure

Department of Housing and Urban Development, May 16, 2007

Your lender may be able to arrange a repayment plan based on your financial situation.

Massachusetts Files Lawsuits Against Foreclosure and Morgatgage Fraud Ring

the Office of the Massachusetts Attorney General, May 02, 2007

Attorney General's Office requested preliminary injunctions to stop transactions already in process.

Massachusetts Obtains Restraining Orders Against Foreclosure Schemes

the Office of the Massachusetts Attorney General, May 10, 2007

AG; Sohmer misled consumers about the nature of the transactions.

5 People in Tampa Convicted of Fraud in Foreclosure Prevention Scam

Florida Department of Financial Services, Apr 12, 2007

Federal Jury Convicts 5 Individuals of Fraud

ODOC Offers Publications to Help Ohioans Prevent Foreclosure

Ohio Department of Commerce, Apr 16, 2007

Governor and ODOC Very Concerned About the Number of Foreclosures in Ohio

Homeownwers Need A Safer Alternative To Risky Mortgages

U.S. Department of Housing and Urban Development, Apr 05, 2007

Many first time and minority homebuyers face significant challenges when trying to purchase a home

OFIS Suspends License of Lathrup Village Mortgage Company

Michigan Department of Labor & Economic Growth, Apr 12, 2007

Financial One Violated the MBSLSA

California Foreclosure Fraud

FBI Government, Feb 21, 2007

The victims were told that their homes would eventually be refinanced

Stop Foreclosure In Texas

HUD Government, Mar 20, 2007

Foreclosures and deficiency judgments could seriously affect your ability to qualify for credit in the future

Former fugitive pleads guilty in state tax fraud case

Franchise Tax Board, Mar 27, 2007

A Santa Clara woman, and her husband, fled the country to avoid prosecution pleaded guilty to felony counts of tax fraud and grand theft

Federal Indictment In Foreclosure Scam Targeting Homeowners

fbi.gov, Dec 14, 2006

A federal grand jury has returned a new indictment that adds three defendants to a case stemming from a $12 million foreclosure scam.

$1 Billion Tax Cut Will Be Delivered To Pennsylvania Homeowners

state.pa.us, Dec 29, 2006

SS HB 39 delivers the largest property tax cut in Pennsylvania history ? $1 billion annually to all Pennsylvania homeowners.

Three Defendants Added to Gederal Indictment in Foreclosure Scam Targeting Homeowners in Default

Department of Justice, Jan 04, 2007

A federal grand jury has returned a new indictment that adds three defendants to a case stemming from a $12 million foreclosure scam

Predatory Lending Warning Issued

state.ok.us, Nov 16, 2006

The state's consumer credit agency issued a warning Thursday after a wire service report that foreclosures in Oklahoma are on the rise.

Federal Indictment In Foreclosure Scam Targeting Homeowners

fbi.gov, Nov 30, 2006

A federal grand jury has returned a new indictment that adds three defendants to a case stemming from a $12 million foreclosure scam.

Menino Announces New Foreclosure Prevention Measures

cityofboston.gov, Nov 02, 2006

If you are in trouble or you think you are headed for trouble paying your mortgage, there is help available.

Florida Foreclosure Proceedings

State of Florida, Oct 16, 2006

Provides construction relating to title of property in a foreclosure sale

Real Estate Foreclosure Law

FDIC Government, Sep 11, 2006

The passage of FIRREA, the Corporation has received many requests for consent to foreclosure

New York State Modified Its Foreclosure Laws For Commercial Real Estate

FDIC Government, Sep 18, 2006

Banks with significant portfolios of multi-family loans in these markets have told us that they have developed sophisticated risk management techniques

You Should Avoid Foreclosure If Possible

HUD Government, Oct 03, 2006

This is the legal means that your lender can use to repossess (take over) your home

Proceeding For Foreclosure Home In Florida

State of Florida, Aug 14, 2006

Revises procedures and requirements for judicial sales; provides for disbursement of surplus funds after a judicial sale; establishes a rebuttable presumption of entitlem

Alternates To Real Estate Foreclosure

General Service Admin., Aug 29, 2006

Your lender may be able to arrange a repayment plan based on your financial situation and may even provide for a temporary reduction or suspension of your payments

Avoid Florida Foreclosure Mortgage

hud.gov, May 17, 2006

Your lender may be able to arrange a repayment plan based on your financial situation

Stop Foreclosure Scams, Beware of Big Promises But No Results

State of Michigan, Jul 31, 2006

The con artist claims to offer or arrange for a new loan but instead tricks the homeowner into selling the home to the con artist or a third party and agreeing to either

In Michigan, Home Lending And Foreclosure Rescue Scams

michigan.gov, Apr 19, 2006

Home lending and foreclosure rescue scams are serious problems, costing Michigan residents thousands of dollars

Bankruptcy Home Foreclosure Section

rurdev.usda.gov, May 04, 2006

Treatment of loss claim interest reductions resulting from untimely foreclosure initiation or completion

Virginia Foreclosure Law

rurdev.usda.gov, Mar 13, 2006

A foreclosure appraisal will be ordered by the field office staff from an appraiser with whom a Blanket Purchase Agreement

Land Court Department Has Jurisdiction In Massachusetts Home Foreclosure

mass.gov, Apr 04, 2006

The Land Court Department of the Trial Court has statewide jurisdiction

Legal Proceeding For Real Estate Foreclosure Property

oregon.gov, Feb 10, 2006

The county acquires legal title to a property if the taxes aren?t paid by a certain date

Congressional Women’s Caucus On Illinois Home Foreclosure

house.gov, Feb 24, 2006

They stopped paying the monthly bills only to see the lender start foreclosure proceedings on their home

New York Home Foreclosures, Property Tax Law

nynb.uscourts.gov, Jan 11, 2006

The court shall make a final judgment awarding to such tax district the possession of any parcel of real property described in the petition of foreclosure

E-SIGN Act And Ohio's Housing Foreclosure

ntia.doc.gov, Jan 26, 2006

Should continue to not apply the notices of default, acceleration, repossession, foreclosure, or eviction with regard to an individual?s primary residence

Florida Procedures For Disbursement In Residential Foreclosure

myfloridahouse.gov, Dec 01, 2005

Specifies a time period during which a person may not contact a homeowner for specified purposes

Help To Avoid Foreclosure

hud.gov/foreclosure, Dec 14, 2005

Both foreclosures and deficiency judgments could seriously affect your ability to qualify for credit in the future

California's Law Property Tax Postponement For Senior Citizens, Blind Or Disabled Citizens

sco.ca.gov, Dec 01, 2005

The Property Tax Postponement Program allows eligible homeowners to postpone payment

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