Archive for October 2011

A Deal That Wouldn’t Sting – New York Times

A Deal That Wouldn't StingNew York TimesOne of the oddest terms is that the banks would give $1500 to any borrower who lost his or her home to foreclosure since September 2008. For people whose foreclosures were done properly, this would be a windfall. For those wrongfully evicted, …and more » View full post on foreclosures [...]

Queens Foreclosures On The Minds Of “Occupy” Protesters – NY1

NY1 Queens Foreclosures On The Minds Of "Occupy" ProtestersNY1A little wintry weather is not expected to slow down Occupy Wall Street protesters today as they prepare to head into Jamaica, Queens to voice their concerns on the issue of foreclosures. A rally is also planned for this afternoon at City Hall Park, …and more » View [...]

Lawyers, judges debate Florida’s foreclosure backlog – Palm Beach Post

Lawyers, judges debate Florida's foreclosure backlogPalm Beach PostFORT LAUDERDALE — Leaders of some of the nation's busiest foreclosure courts gathered Friday to discuss attorney civility, bank honesty and Florida's towering backlog of 350000 foreclosure cases. The forum, called "Bankruptcy and …and more » View full post on foreclosures – Google News

Obama’s Foreclosure Fix Is a Disaster – NewsMax.com

New Republic Obama's Foreclosure Fix Is a DisasterNewsMax.comSo he desperately plans and plots to eliminate or greatly reduce the mortgage tax deduction for wealthy homeowners — thereby ruining the values of their homes, forcing many of them into foreclosures or short sales, and destabilizing upscale …The New Republic: Grading Obama's Home WorkNPRObama “Can't Wait” to [...]

California state housing agency reverses on foreclosures – Los Angeles Times

California state housing agency reverses on foreclosuresLos Angeles TimesThe office of Senate President Pro Tem Darrell Steinberg (D-Sacramento) on Friday announced that the California Housing Finance Agency had agreed to his request to halt the foreclosures, even though the homeowners had not fallen behind on their monthly …State housing agency temporarily suspends foreclosures on borrowers [...]

Foreclosures Leave Pockets of Neglect and Decay – New York Times

New York Times Foreclosures Leave Pockets of Neglect and DecayNew York TimesAccording to city data, there were nearly 15000 abandoned buildings in Chicago as of Oct. 20, most of them a result of foreclosures. Three neighborhoods account for 20 percent of the total: Englewood, West Englewood and Austin. …and more » View full post on foreclosures [...]

MERS mortgage registry sued by Delaware attorney general – Washington Post

Legal News Line MERS mortgage registry sued by Delaware attorney generalWashington PostThe MERS database, which tracks ownership interests in mortgages, obscures information from borrowers and impeded their ability to fight foreclosures, Delaware Attorney General Beau Biden said in a complaint filed today. “MERS engaged and continues to …MERS subpoenaed by New York, sued by DelawareReutersMerscorp [...]

Local foreclosure rates stable – Minneapolis Star Tribune

OregonLive.com Local foreclosure rates stableMinneapolis Star TribuneForeclosure rates in the Twin Cities area were stable during August and delinquency rates fell slightly, according to CoreLogic. The report said that the region's foreclosure rate during the month was 2.05 percent, up ever so slightly from 2.04 percent …Foreclosure rates decline across Central ValleyCentral Valley Business TimesForeclosure [...]

US House Democrat wants foreclosure case details – Reuters

US House Democrat wants foreclosure case detailsReutersWASHINGTON Oct 27 (Reuters) – The top Democrat on a US House oversight panel is calling on his Republican counterpart to subpoena copies of certain contracts used by mortgage servicing companies that might provide insight into past foreclosure abuses. …and more » View full post on foreclosures – Google News

MERS subpoenaed by New York, sued by Delaware – Reuters

Mortgage Rates & Trends (blog) MERS subpoenaed by New York, sued by DelawareReutersThe suit seeks to stop MERS from initiating foreclosures in Delaware in the company's name and to have documents recorded with counties to correct the chain of title. It also seeks monetary penalties. A MERS spokeswoman, Janis Smith, said there is "no …Delaware [...]