Foreclosures News & Articles

• HUD Awards more than $17 millions to help develop housing for very Low-Income Elderly
  hud.gov, Jul 08, 2008
  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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• 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 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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• Officials Launch Homeowner Outreach Days
  Illinois.gov, Nov 28, 2007
  Events will help hundreds of Illinois homeowners facing foreclosure avoid losing their 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.
  
  
• 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
  
  
• 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
  
  
• 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 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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• HUD Releases Tips For Avoiding Foreclosure
  HUD, Jul 19, 2007
  Top 10 tips for homeowners who are facing foreclosure
  
  
• 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.
  
  
• 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.
  
  
• 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.
  
  
• 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.
  
  
• 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.
  
  
• 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.
  
  
• 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.
  
  
• 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.
  
  
• 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 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.
  
  
• 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.
  
  
• Ohio Dept of Cpmmervce 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
  
  
• OFIS Suspends License of Lathrup Village Mortgage Company
  Michigan Department of Labor & Economic Growth, Apr 12, 2007
  Financial One Violated the MBSLSA
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• California Foreclosure Fraud
  FBI Government, Feb 21, 2007
  The victims were told that their homes would eventually be refinanced
  
  
• 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
  
  
• $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.
  
  
• 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.
  
  
• 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.
  
  
• 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.
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• Real Estate Foreclosure Law
  FDIC Government, Sep 11, 2006
  The passage of FIRREA, the Corporation has received many requests for consent to foreclosure
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• New York City's Lien Sale And Home Foreclosure Process
  nyc.gov, Jun 23, 2006
  A lien is a legal claim against real property for unpaid property taxes, water, sewer or other property charges
  
  
• Avoid Florida Foreclosure Mortgage
  hud.gov, May 17, 2006
  Your lender may be able to arrange a repayment plan based on your financial situation
  
  
• Bankruptcy Home Foreclosure Section
  rurdev.usda.gov, May 04, 2006
  Treatment of loss claim interest reductions resulting from untimely foreclosure initiation or completion
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• 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
  
  
• Take Over Your Home
  hud.gov, Aug 22, 2005
  This Is The Legal Means That Your Lender Can Use To Repossess Your Home
  
  

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