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Bank Foreclosures For Sale News

Bankers must be held accountable for their actions Monday, July 18, 2011 @ 3:36PMDon't believe the officials who say we must rush to settle with these wrongdoers for the sake of the economy, writes Paul Krugman.
Holding bankers accountable for their actions Monday, July 18, 2011 @ 1:13PMThe failure to seek real mortgage relief early in the Obama administration is one reason we still have 9 percent unemployment, writes Paul Krugman. The arguments that officials are reportedly making for a quick, bank-friendly settlement of the mortgage-abuse scandal don't make sense.
Letting Bankers Walk Saturday, July 16, 2011 @ 9:05PMThe two principal arguments being made for letting the banks off easy don’t make much sense.
Foreclosure filings high in California Thursday, July 14, 2011 @ 3:11AMCalifornia had the nation's highest number of foreclosure filings in the first half of 2011 but the numbers have fallen dramatically from last year, according to RealtyTrac.
Rate of foreclosures falls in second quarter Thursday, July 14, 2011 @ 12:02AMAbout 8,200 Minnesota homeowners received a foreclosure notice in the second quarter of this year, down almost 9 percent compared to the same quarter last year.
Wichita area's home foreclosures flat in first half of 2011 Sunday, July 10, 2011 @ 12:07AMThe number of homes scheduled for foreclosure sale was about flat in the first half of 2011, perhaps signaling that the wave of foreclosures has stabilized.
Home Prices Tuesday, July 5, 2011 @ 7:08AMJuly 26
Deal still haunts Bank of America 3 years later Saturday, July 2, 2011 @ 10:52PMShortly before buying Countrywide Financial three years ago for $2.5 billion, Bank of America chief executive Ken Lewis admitted there was risk in the deal. But he added: "We are not paying $22 billion either." Turns out it was a lot more.
To escape housing crash, market must run its course Saturday, July 2, 2011 @ 7:01PMFrom an editorial in the Chicago Tribune on June 30: Bank of America on Wednesday announced an $8.5 billion settlement for investors who bought its toxic mortgage bonds before the housing crash.
KB Home Provides Additional Detail on Capital Structure and Liquidity Position Thursday, June 30, 2011 @ 4:56PMKB Home (NYSE: KBH), one of the nations premier homebuilders, today provided the following additional ...
What happens when you stop paying your mortgage? Wednesday, June 29, 2011 @ 5:52PMThough Ruben Martinez, unemployed, hasn't paid his mortgage in six years, he still lives in his house thanks to sloppy record keeping
Rebound or buying season? Home prices rise in 13 U.S. cities, but analysts heed caution Tuesday, June 28, 2011 @ 11:13PMWASHINGTON -- Home prices in most major U.S. cities are rising for the first time in eight months, boosted by an annual wave of spring buying. Analysts cautioned that the increases may be temporary and don't signal a rebound for the depressed home market. Prices rose in 13 of the 20 citie...
Homeowners deserve more than halfhearted mortgage relief Tuesday, June 28, 2011 @ 7:52PMThe Home Affordable Modification Program has fallen far short of its goal of helping as many as 4 million borrowers. Rather than end HAMP, the government should change its focus to reducing the home loan balances of struggling people. Almost anywhere you look, assessments of the state of the economic recovery are muddled — job growth is positive but fading, consumer spending ebbs and flows ...
Spring buying boosts home prices in 13 cities Tuesday, June 28, 2011 @ 2:47PMThe sharpest increases were in Washington, D.C. The next-largest were in San Francisco, Atlanta and Seattle.
Home prices rise, snapping 8-month drop streak Tuesday, June 28, 2011 @ 1:39PMThe downward cycle in home prices broke in April after eight consecutive months of decline, according to a survey released Tuesday.
Economy gets lift Saturday, June 18, 2011 @ 2:13AMWASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week and builders broke ground on more homes in May. The latest data offered some hope that the economy may be improving after hitting a slump in late spring.
US jobless, homes data offers hope Thursday, June 16, 2011 @ 6:51PMFewer Americans applied for unemployment benefits last week and builders broke ground on more homes in May.
Elvis Presley Blvd. Market Financed for $3 Million Thursday, June 16, 2011 @ 4:23PMLexington, Tenn.-based Henry Oil Co. of Tennessee has filed a $3 million loan through Paragon National Bank for a convenience store and gas station at...
Home Foreclosures Rising in Illinois: Report Thursday, June 16, 2011 @ 8:25AMA new report shows home foreclosures are up in Illinois more than 4 percent, ranking the state the ninth-highest in the nation.
Notices Of Default Decreasing Thursday, June 16, 2011 @ 4:13AMForeclosure filings are slowing in Nevada, and homes purchased at auction by third-party investors are being resold at a faster pace, an executive for California-based ForeclosureRadar.com said Wednesday. Notices of default in Clark County decreased 12.9
Homebuilder Confidence in U.S. Fell in June to Nine-Month Low Wednesday, June 15, 2011 @ 10:11AMConfidence among U.S. homebuilders slumped in June to the lowest level in nine months as executives turned more pessimistic on the outlook for sales, a sign that any pickup will take time to develop.
Bank of America 'significantly hindered' foreclosure review, HUD report says Tuesday, June 14, 2011 @ 6:49PMBloomberg News Tuesday, June 14, 2011 WASHINGTON — Bank of America Corp., the largest U.S. lender, "significantly hindered" a federal review of its foreclosures on loans insured by the Federal Housing Administration, a government agency reported. The bank was slow in providing data and offered incomplete information, according to the Department of Housing and Urban Development inspector general ...
Bank of America 'hindered' foreclosure review Tuesday, June 14, 2011 @ 9:03AMBank of America Corp., the largest U.S. lender, "significantly hindered" a federal review of its foreclosures on loans insured by the Federal Housing Administration, the U.S. said.
Bank of America Fights to Deflect Fraud Investigations Tuesday, June 14, 2011 @ 8:37AMThe battle is intensifying to hold Bank of America accountable for faulty foreclosures that may have scammed taxpayers out of billions is intensifying on a state level. In a lawsuit filed by the state of Arizona against the nation's largest lender, a federal auditor says that Bank of America "significantly hindered" a review of its foreclosure practices on loans insured by the Federal Housing ...
New York broadens mortgage probe Monday, June 13, 2011 @ 9:14PMNew York has broadened its probe of the US mortgage industry , requesting information from at least five financial institutions that act as trustees for pools of mortgages.
Some clients wonder if they'll get anything from Brad Goodrich Monday, June 13, 2011 @ 4:25PMThe lawyer for a dentist who bought the historic Lovejoy house at a sheriff's auction said his client is among the residents who claim they were scammed by Janesville minister and businessman Brad Goodrich.
Bank Of America Faces New Probe; New York Attorney General Launches Investigation Into Mortgage Securitization ... Monday, June 13, 2011 @ 12:17AMNew York Attorney General Eric Schneiderman has targeted Bank of America, the biggest U.S. bank by assets, in a new probe that questions the validity of potentially thousands of mortgage securities and their associated foreclosures, two people familiar with the matter said.
Carney to weigh in on housing market Sunday, June 12, 2011 @ 7:13PMCentral banker’s Wednesday speech in red hot Vancouver market will likely be music to the ears of those warning of a bubble
Treasury Waves Wet Noodle at Big Banks Over HAMP Mortgage Mod Abuses Friday, June 10, 2011 @ 12:22AMThis latest move by the Treasury Department to appear to Do Something about Big Bad Banks is so off the charts pathetic that I am straining to find an adequate description. It isn't merely ineffectual; it looks instead like a deliberate thumbing of the nose at the financier-afflicted public, with the Treasury and the mortgage industrial complex elbowing each other in the ribs and laughing ...
Commercial foreclosures less common, more expensive Wednesday, June 8, 2011 @ 12:28PMCommercial foreclosures, like a $1.5 million subdivision foreclosure in Fountain last week, are becoming less common, according to El Paso County Trustee Thomas Mowle. Fountain Valley Land and Irrigation Company Subdivision No. 1, better known as the second phase of the Countryside North development in Fountain, sold at foreclosure auction to Hillcrest Bank, which held the [...]
Ocwen Acquires Litton Tuesday, June 7, 2011 @ 11:15AMOcwen stated that it has reached an agreement with Goldman to buy Litton Loan Servicing for $263.7 million.
Even after mortgage modification, shoddy bank practices hurt homeowners Thursday, June 2, 2011 @ 12:46PMChanel Rosario was supposed to be one of the lucky ones. After years of sending and re-sending documents, waiting on hold and attending court hearings to avoid foreclosure on her Staten Island home, she'd finally received a much-needed reduction on her mortgage. Eagerly, she and her husband signed it and mailed it in last September . "We thought it was over."
Foundations announce efforts to shore up nonprofits Friday, May 27, 2011 @ 6:52PMThe Community Foundation of Western North Carolina announced two grants Friday that are intended to help meet the needs of people caught up in the current economic storm.
Protect yourself from property relief scams Friday, May 27, 2011 @ 4:43PMBill McFeely, realtor of RE/MAX TRINITY of Malden, has earned the prestigious certified distressed property expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales.
Minneapolis faces tough math in rebuild effort Friday, May 27, 2011 @ 4:10PMThe city's latest tally lists 147 north Minneapolis homes that have been "red tagged" by city inspectors and are considered uninhabitable in the wake of the storm. Some of those homes may ultimately need to be razed.
4 Reasons to Never Buy a Foreclosure Property Friday, May 27, 2011 @ 2:44PMWhile foreclosure houses represent an incredible value in today's market, they are not for everyone. Purchasing a foreclosure property seems like a great idea, especially in this
Foreclosure sales on the wane in Jacksonville metro area Thursday, May 26, 2011 @ 10:57AMForeclosure sales in the metropolitan Jacksonville area during the first quarter of this year dropped by more than 43 percent from the first quarter of 2010 and by nearly 21 percent from last year's fourth quarter, data released today shows.
After Years of Economic Hardship in Eagle, Colo.: Resignation Tuesday, May 24, 2011 @ 1:18PMEAGLE, Colo. | The last few years have given people in this Rocky Mountain town good reason to be angry. While no community has escaped the toll of the great recession, Eagle has seen a fundamental change in its daily life. The city, a Boom Town that saw its population and housing market skyrocket in the early years of the last decade, is dealing with a painful foreclosure problem. Large parts ...
Housing: A Reality Check Tuesday, May 24, 2011 @ 9:16AMMost investors are waiting with breath held for the housing market to rebound. Most of them own a home. It's where many of us have our largest investment. Our home is our
Fuzzy Foreclosure Math: Is the Worst Over? Monday, May 23, 2011 @ 3:12PMFuzzy Foreclosure Math: Is the Worst Over?
Will tourism come back fast enough? Monday, May 23, 2011 @ 7:42AMWhile it’s still early, it appears the tourism slump is turning around. But is it too late for hoteliers to hang on?
Sweely spared from auction Friday, May 20, 2011 @ 3:31PMThe winery-vineyard was in foreclosure for the second time in less than a year.
Small Drop In Nevada Rate For Troubled Mortgages Thursday, May 19, 2011 @ 1:06PMThe percentage of residential mortgage loans that are delinquent in Nevada dropped a percentage point during the first quarter, but Nevada remains one of the country's most troubled states for past-due mortgage loans and foreclosures, the Mortgage Bankers
Mortgage delinquencies level off Thursday, May 19, 2011 @ 9:15AMThe percentage of homeowners who are behind on their mortgage payments inched higher in the first quarter while the number of new foreclosures declined, a lobbying group for the home-lending industry says. "Overall, it's a picture of the market on...
Sales fall, prices steady in Germantown market Tuesday, May 17, 2011 @ 11:28PMWhile the number of home sales in Germantown is down over the past five years, home prices in the city have remained relatively steady, according to a report of the Memphis Area Association of Realtors.
Irvine mortgage defaults jump 20% Tuesday, May 17, 2011 @ 2:50PMForeclosureRadar reports that the number of Irvine homeowners hit with mortgage default notices — first step toward foreclosure — rose 20% in April from a year ago. Last month, 84 Irvine owners were legally warned by their lender that they were...
Home Affordable Modification Program rife with problems Monday, May 16, 2011 @ 12:21AMCOLUMBIA — Since 2009, Sheila Durnil has worked four jobs. She has been laid off. She has lived on unemployment benefits. She has suffered chronic migraines and been hospitalized for an emergency appendectomy. She has watched these stresses affect her older daughter, LaKrista. But the biggest blow of all was falling behind on her mortgage. In December 2007, Durnil and her two daughters moved ...
Morgan Stanley eyes Saxon sale Tuesday, May 10, 2011 @ 12:32AMMorgan Stanley is considering offloading its mortgage-servicing arm, Saxon Mortgage Services, The Post has learned. The investment bank run by CEO James Gorman acquired the mortgage company at the height of the housing boom in 2006, and is weighing a sale in order to streamline its business and jettison assets...
Cowlitz County median home price plummets to $125,450 Thursday, May 5, 2011 @ 9:20PMCowlitz County's median home price hit a six-year low in April, falling to $125,450, the Northwest Multiple Listing Service reported Thursday.
Pima default notices are fewest since 11/08 Wednesday, May 4, 2011 @ 8:31PMThe number of Pima County property owners who received notice their mortgages were in default in April dropped to the lowest monthly total since November 2008.