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Government Foreclosures News

Ignore Talk of a Housing Tax Credit ‘Revival’ Monday, August 30, 2010 @ 6:03PMBring back the home buyer tax credit? Dont hold your breath.
John Atlas: How ACORN Helped Save New Orleans for Katrina Survivors Monday, August 30, 2010 @ 3:39PMA week after Katrina hit New Orleans, Federal Government officials and private relief organizations were still discussing how to send aid to the area. ACORN had already moved into action.
NY rights groups sue in DC, say targeted killings of US citizens overseas unconstitutional Monday, August 30, 2010 @ 3:26PMNEW YORK - Two New York-based civil liberties groups have sued the federal government, saying its targeted killings of U.S. citizens overseas is unconstitutional.
C-section rate likely to keep rising as 1 in 3 first-time moms deliver by surgery Monday, August 30, 2010 @ 2:24PMWASHINGTON - Government scientists say more women will be giving birth by C-section for the foreseeable future. A new study by researchers with the National Institutes of Health found that nearly one-third of first-time moms delivered by cesarean.
Video: Radnor teachers rally for new contract Monday, August 30, 2010 @ 2:03PMThere is less than one week left on the current collective-bargaining agreement between Radnor school-district teachers and the district’s officials and administration.
Obama Asks Republicans to End ‘Blockade’ of Jobs Bill Monday, August 30, 2010 @ 1:34PMPresident Barack Obama said his economic advisers will examine “additional measures” to promote hiring and growth and urged Senate Republicans to drop their “blockade” of a measure to help small businesses.
Swing of county budget ax results in two layoffs Monday, August 30, 2010 @ 12:09PMAfter a bit of apprehension on behalf of some Crawford County Commissioners, the board gave notice that at least three and half positions will be eliminated through layoffs and attrition.
Summer Reading: The End of Easy Saturday, August 28, 2010 @ 8:13AMHere's an excerpt from The Buckets of Money Retirement Solution by Raymond J. Lucia.
Banks weather recessionary storm Saturday, August 28, 2010 @ 4:01AMBanks, large and small, have struggled amid the bust of the real estate market and the lingering recession. Could the worst be over? In affluent Lake Forest, Baytree National Bank & Trust Co., overshadowed by much bigger and well-known banks, was rescued from failure early this year by a white knight, actually a group of 15 foresighted investors.
Pat Treweiler: Not a lost cause Saturday, August 28, 2010 @ 3:59AMEditor: Mike Berryhill's campaign is not a lost cause. I think he is going to win. Our Valley h
Low prices, rates can't slow home sales drop Saturday, August 28, 2010 @ 2:23AMWASHINGTON (AP) - Home prices in many parts of the country scream bargain, and mortgage rates haven't been this low for decades. So why are houses across the nation sitting on the market for so long?
European Stocks Decline for Third Week on Concern About Economy Saturday, August 28, 2010 @ 1:59AMEuropean stocks declined for a third week on concern that the U.S. economy is stalling, while Federal Reserve Chairman Ben S. Bernanke pledged that the central bank “will do all that it can” to help the recovery.
Noahâs Ark in Ledgewood welcomes new director Saturday, August 28, 2010 @ 1:10AMROXBURY TWP. — The dogs and cats at Noah’s Ark Animal Welfare in Ledgewood recently welcomed both a new Executive Director and a new Shelter Manager to the pack.
HUD offering interest-free loans to reduce foreclosures Saturday, August 28, 2010 @ 12:08AMLoans of up to $50,000 are for homeowners in 'hard-hit' areas; Washington not on list of 17 states eligible for aid.
Fed poised to offer steadying hand Friday, August 27, 2010 @ 10:24PMSecond-quarter economic growth was revised to an anemic 1.6%, a decline that was slightly less than many economists had predicted. But the report was a sobering cap to a week of bad economic news that has raised fears the nation could plunge into another recession. Bernanke says the Fed is ready to step in to provide additional stimulus. The Commerce Department on Friday downgraded the nation's ...
Mortgage modifications offer a bit of good news in the dour foreclosure market Friday, August 27, 2010 @ 10:12PMHomeowners who had mortgages modified recently are faring better than those who did so earlier in the housing crisis, according to a report released Tuesday, possibly debunking predictions of a huge wave of defaults to come.
Mortgage Friday, August 27, 2010 @ 9:57PM“Ultimately the housing story, whether it is delinquencies, homes sales or housing starts, is an employment story,” Jay Brinkmann, the trade group’s top economist, said in a statement. “Only when we see a consistent increase in employment will we see an increase in sales and starts, and a sustained improvement in the delinquency numbers.
One in 10 with a mortgage face foreclosure Friday, August 27, 2010 @ 3:49AMWASHINGTON -- One in 10 American households with a mortgage was at risk of foreclosure this summer as the government's efforts to help have had little impact stemming the housing crisis.
St. Albans VA fight continues Friday, August 27, 2010 @ 3:30AMAndrea Scarborough, front left, a member of the United Coalition for Veterans and Community Rights and wife of state Assemblyman Bill Scarbough at rally to redevelop the St. Albans VA facility. Behind her is state Sen. Shirley Huntley.
Default wave is doubted in study Friday, August 27, 2010 @ 2:22AMHomeowners who had mortgages modified recently are faring better than those who did so earlier in the housing crisis, according to a report released this week, possibly debunking predictions of a huge wave of defaults to come.
New Strategy in Foreclosure Battles Attacks Validity of Affidavits Friday, August 27, 2010 @ 2:02AMWhen it comes to fighting foreclosures, homeowners and their lawyers may have found a new strategy to score courtroom victories. Defense lawyers across Florida are increasingly attacking the validity of affidavits that owners of notes must file with the courts as part of the foreclosure process.
Options to invigorate economy running out Friday, August 27, 2010 @ 1:59AMWASHINGTON — The widening consensus that the U.S. economy has slowed to a crawl will be hammered home today with the government's expected announcement that the nation's second-quarter growth was far more anemic than previously estimated. Many...
Faltering economy worries experts Friday, August 27, 2010 @ 1:49AMThe widening consensus that the U.S. economy has slowed to a crawl will be hammered home Friday with the government's expected announcement that the nation's second-quarter growth was far more anemic than previously estimated.
Home sales suffer turn for the worse Friday, August 27, 2010 @ 1:29AMHome prices in many parts of the country scream bargain, and mortgage rates haven't been this low for decades, so why are houses across the nation sitting on the market for so long?
Fighting the Correction in the Worst Possible Way Friday, August 27, 2010 @ 1:09AMAnalysts and the commentariat are struggling to make sense of it. With record low mortgage rates, and after eight programs designed to boost up housing, for example, sales are still plummeting. July saw the biggest monthly drop in existing house sales since the Johnson Administration.
El-Erian Says ‘Alarming’ Data Show Economy Slowing Friday, August 27, 2010 @ 1:04AMU.S. economic data are “alarming,” signaling the recovery is losing momentum, Mohamed A. El-Erian, Pacific Investment Management Co.’s chief executive officer, wrote in an opinion piece in the Washington Post.
Local home sales buffered from U.S. downturn Thursday, August 26, 2010 @ 12:35AMWASHINGTON - Sales of previously occupied homes plunged last month to the lowest level in 15 years nationally, despite the lowest mortgage rates in decades and bargain prices in many areas.
Their budgets reflect 'good time' spending Thursday, August 26, 2010 @ 12:21AMWe have used this space several times recently to draw attention to a fact we believe well worth repeating: With declining property values, a rollback millage rate means property taxes will increase... read more
Home sales plunge to record low Thursday, August 26, 2010 @ 12:20AMSales of existing homes plunged in July nationwide to record lows as buyer demand withered after the expiration of a federal home-buyer tax credit — a drop that shows troublesome weakening in the housing market recovery.
Everywhere but up: July home sales plummet to 15-year lows Thursday, August 26, 2010 @ 12:20AMWASHINGTON — Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas.
Latest economic reports feed fears of a second recession Wednesday, August 25, 2010 @ 11:27PMIt's starting to feel like another recession. Businesses are ordering fewer goods. Home sales are the slowest in decades. Jobs are scarce, and unemployment claims are rising. Perhaps most worrisome, manufacturing activity, which had been one of the economy's few bright spots, is faltering. "The odds of a double-dip are ...
The economic picture? Cloudy, at best Wednesday, August 25, 2010 @ 10:40PMThe drumbeat of lousy economic news seems to get louder by theday.
Sales tax increase will go before Guilford County voters Wednesday, August 25, 2010 @ 10:01PMThe Guilford County Commission held a special meeting Wednesday to talk about putting a quarter-cent sales tax hike on the ballot in November. The sales tax increase would bring the rate up to 8 percent.
Is America the next Japan? Wednesday, August 25, 2010 @ 9:32PMAs if someone flipped a switch, Japan fell from economic powerhouse to long-term basket case. Is America doomed to suffer the same fate?
Rev. Jesse Jackson says Michigan needs to get over its anti-Detroit sentiment Wednesday, August 25, 2010 @ 9:30PMJackson is in the middle of a week-long statewide tour that will culminate with a March in Detroit on Saturday.
Group: Calif. judge orders university to release documents related to Palin appearance Wednesday, August 25, 2010 @ 9:26PMSACRAMENTO, Calif. - A group that filed a lawsuit over documents related to a June appearance by Sarah Palin at California State University, Stanislaus is claiming victory in a judge's ruling.
Sen. Harry Reid's record to face scrutiny from new committee in Senate race Monday, August 23, 2010 @ 4:10PMA defeated Republican candidate has returned to the Nevada Senate race, but he won't be on the ballot in November.
Federal judge rules former Maine prosecutor guilty on 13 child pornography charges Monday, August 23, 2010 @ 3:56PMPORTLAND, Maine - A federal judge has found a former Maine prosecutor guilty of more than a dozen child pornography charges. District Judge John Woodcock Jr. issued the verdicts Monday against former top drug prosecutor James M. Cameron, who had waived a jury trial.
Federal loan modification program helps few Monday, August 23, 2010 @ 2:16PMEven those who get help wonder if it's worth it Kenny Mattes sat at his kitchen table and chuckled, bemused and bitter over the pile of paperwork before him — the product of months of haggling and letter-writing over whether his lender could or would ease the terms of a home mortgage he no longer could afford.
The Real Unemployment Rate is 18 percent Monday, August 23, 2010 @ 1:42PMThe 9.5% “Official Unemployment rate” has no credibility. It is classic “political spin” intended to fill worker’s heads with a non-existent hope that a recovery “is right around the corner”. Isn’t it about time that we proclaim “The Emperor has no Clothes” in regards to these phony figures?
Foreclosed Homes 'Hot Potatoes'- Fox Business: Big Banks Threatening Rivals Monday, August 23, 2010 @ 10:51AMNationwide, more than a half million homes fell into foreclosure in the first half of 2010. More than 900,000 were repossessed in 2009. Now a new study, conducted by MIT and Harvard researchers, reveals the drop in value to a foreclosed property is even more staggering than many would believe.
Nearly 50% leave Obama mortgage-aid program Monday, August 23, 2010 @ 10:27AMWASHINGTON - Nearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out.
Mortgage assistance programs help people through patches of unemployment Monday, August 23, 2010 @ 10:27AMAug. 22--When Jose Palomo lost his job doing concrete maintenance for the city of Riverside, he said his mortgage lender told him there was no way he could save his house from foreclosure, especially since his father, who lived with him, also was laid off the assembly line at Fleetwood, an RV company that went bankrupt.
Treasury Mortgage Modification Dropouts Rise Monday, August 23, 2010 @ 10:23AMNearly half of homeowners getting help through the Obama administration's premier housing rescue program have dropped out through July as many failed to document their eligibility, the U.S. Treasury said recently.
Tourism remains a “half-full, half-empty” picture for now Monday, August 23, 2010 @ 10:19AMSonoma County’s tourism traffic and business is definitely a “half-full, half-empty” story these days, with overall lodging occupancy rates below 50 percent (46.4) according to the county’s Annual Tourism Report.
Jobless America: Reagan's chickens have come home to roost Monday, August 23, 2010 @ 9:58AMWhether espousing an America so strong that no nation would dare insult it or promising to ''get the Federal Government out of the classroom,'' Mr. Reagan's message connected with Middle American audiences in a way that made Mr. Carter's blandishments seem pale in comparison.
Once the US military leaves Iraq, an army of diplomats to take lead in stabilizing country Saturday, August 21, 2010 @ 7:41AMWASHINGTON - The White House is eagerly highlighting the departure of U.S. combat troops from Iraq. But a small army of American diplomats will stay behind.
Nearly 50% drop out of mortgage-relief program Saturday, August 21, 2010 @ 7:36AMNearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday's report... Foreclosure - Mortgage - Presidency of Barack Obama - Business - United States
Viewpoint~~ Golf course workers first to go Saturday, August 21, 2010 @ 7:22AMOur golf pro announced in one of his first Golf Course Advisory Board meetings that his vision was to have more of a country club atmosphere than a municipal golf course. He only had two problems, "the union and the debt service."
Nearly half drop mortgage-aid program Saturday, August 21, 2010 @ 6:55AMWASHINGTON -- Nearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out.