Thursday, April 30, 2009

Obama Outlines Credit Card Reforms - Washington Post

The Obama administration yesterday called for an end to unfair credit card industry practices such as retroactive interest rate increases for any reason, late-fee traps that penalize borrowers with weekend or middle-of-the-day deadlines and teaser ..., more 

Senate roll call on anti-foreclosure measure - San Francisco Gate

The 45-51 roll call by which the Senate on Thursday defeated a measure that would have given bankruptcy judges authority to reduce the costs and terms of mortgages for homeowners threatened with foreclosure. On this vote, a "yes" vote was a vote in ..., more 
and Senate votes down foreclosure bill - San Bernardino County Sun  WASHINGTON - The Senate has defeated legislation that would have let hundreds of thousands of debt-ridden homeowners seek mortgage relief in bankruptcy court. President Barack Obama had said the bill was important to saving the economy and promised ..., more 
and Kreitlow, Dexter Introduce Home Foreclosure Legislation - WQOW  MADISON (Press Release) - State Senator Pat Kreitlow (D-Chippewa Falls) and State Representative Kristen Dexter (D-Eau Claire) introduced legislation Monday that will help make sure families facing home foreclosure are notified of any alternatives ..., more 

Central Ohio Native Joins With National Company to Help Stop ... - pressbox.co.uk

SaveMeFromForeclosure.com is a leading national company helping homeowners facing foreclosure stop foreclosure in Franklin County OH, by providing multiple solutions that fit the homeowners unique situation. Blaine, WA, April 30, 2009 -- Today ..., more 
and Senate Roll Call: How the Senate voted on an anti-foreclosure measure - Minneapolis Star Tribune  House passes credit card bill that helps consumers Ship captain: Just arming crews won't stop piracy Roll Call: How the House voted on credit card bill Senate defeats Obama-backed, anti-foreclosure bill AP NewsAlert The 45-51 roll call by which the ..., more 
and Trustee takes a little of the pain out of foreclosure - Colorado Springs Gazette  People involved in foreclosure actions have paid "questionable" fees for years to cover mailing expenses the county never incurred, Public Trustee Tom Mowle said Thursday. Mowle told county commissioners his office reduced the $57 flat fee for ..., more 

Senate defeats Obama-backed, anti-foreclosure bill - San Jose Mercury News

WASHINGTON — The Democratic-controlled Senate on Thursday defeated a plan to spare hundreds of thousands of homeowners from foreclosure through bankruptcy, a bill President Barack Obama embraced but did little to see it through. A dozen Democrats ..., more 
and Arson destroys foreclosure house in Palm Harbor - St. Petersburg Times  Arson detectives investigate the remains of the 3,000-square-foot, wood-frame home Thursday after a fire Wednesday night at 3624 Fisher Road in Palm Harbor. No one was inside at the time of the blaze. PALM HARBOR — Arson caused a fire late ..., more 
and Senate defeats anti-foreclosure proposal - Salon  Apr 30th, 2009 | WASHINGTON -- The Democratic-controlled Senate on Thursday defeated a plan to spare hundreds of thousands of homeowners from foreclosure through bankruptcy, a proposal that President Barack Obama embraced but did little to see it ..., more 

Obama's Buzz Down on the Internet (US News & World Report)

His approval rating may be high, but his buzz rating is going down., more 

Raleigh Regional Association Of REALTORS® Announces $50,000 ... - Carolina Newswire

RALEIGH, N.C. – John Wood, president of the Raleigh Regional Association of REALTORS® (RRAR) has announced that the N.C. Association of REALTORS® (NCAR) has been awarded a $50,000 National Association of REALTORS® (NAR) Foreclosure Prevention ..., more 

Aventura Foreclosure Market - How The Current Market Fares - Turks.US

Homebuyers need to look at the figures of the Aventura foreclosure market in order to accurately time the acquisition to get the best deals in the market. You don’t have to be expert to understand the figures since the information released in the ..., more 
and Scotts Valley renter, 68, faces heartbreak of foreclosure - Santa Cruz Sentinel  Catherine O'Kelly spends some cuddling time with her cat Lily in the Bethany Drive home they share. SCOTTS VALLEY -- Catherine O'Kelly over the past 12 years has turned her one-bedroom rental in the redwoods into a charming refuge, but today the 68 ..., more 
and Ocean Bank-financed projects set for foreclosure sale - South Florida Business Journal  Two residential projects in South Florida that were financed by Miami-based Ocean Bank are up for public sale. On April 24, Wellington Manor Apartments lost a $31.5 million foreclosure judgment in Miami-Dade County Circuit Court over the $25.2 ..., more 

Avoid Foreclosure Forum offers support for struggling homeowners - MLive.com

Hollyn Johnson | The Grand Rapids Press About 35 lenders, nonprofit housing counselors and other agencies offered struggling homeowners a chance to meet with them face to face today at the DeltaPlex. WALKER -- When staff at the Avoid Foreclosure ..., more 
and Foreclosure filings in record jump - CNN Money  NEW YORK (CNNMoney.com) -- Lenders continued to rewrite troubled mortgages at a fast clip during March, but the weakening economy still sent foreclosure starts soaring to a record high. March mortgage workout results announced on Thursday by Hope Now ..., more 
and Roeder faces foreclosure - Norwalk Reflector  PERKINS TOWNSHIP - National City Bank filed suit Tuesday in Erie County Common Pleas Court against Roeder Harley-Davidson, Inc. for more than $2.5 million in unpaid loans. The Roeder Harley-Davidson location in Monroeville is now a service and repair ..., more 

Workshop helps homeowners facing foreclosure - AZCentral.com

Pat Wozniak is one of the lucky ones. An equestrian portrait artist, she was in danger of losing her Scottsdale home last year when she fell behind on her mortgage. Negotiating with her lender was failing as she grew weary trying to find someone at ..., more 
and Elgin to stretch federal foreclosure grant - Arlington Heights Daily Herald  Right now, Elgin has more than 1,000 homes in various stages of foreclosure. The majority of them are east of Randall Road, and 419 are east of the Fox River. City leaders hope to use some $2.1 million in federal grant money to buy, rehab and sell ..., more 
and Glen Ellen foreclosure auction postponed - Milford Daily News  A foreclosure auction of Glen Ellen Country Club has been postponed. The auction, which was scheduled for this morning at 11, will be held on Tuesday, June 2 at 11 a.m. The Orchard Street golf course and banquet facility is also the site of a ..., more 

Foreclosure auction set for Inn at Easton - Star-Democrat

EASTON Unless a last-minute real estate deal comes through, the Inn at Easton is set to be sold at a foreclosure auction next week. The Talbot Bank filed for foreclosure in late March on the circa-1800 property at 28 S. Harrison St., which has been ..., more 
and Ap � Headlines - Waterloo Cedar-Falls Courier  WASHINGTON - Effective lobbying by bankers and voter frustration with taxpayer-funded "bailouts" have kept President Barack Obama from making good on his promise to wield a heavy stick against a financial industry blamed for derailing the economy ..., more 
and Facebook executive considers California Attorney General campaign - Contra Costa Times  SACRAMENTO — An executive with the company that operates the social networking Web site Facebook announced today that he's considering running for attorney general of California. Chris Kelly, Facebook's chief privacy officer, said he had formed an ..., more 

HOPE NOW: Industry Modified 134,000 Mortgages in March - Market Wire

WASHINGTON, DC--(Marketwire - April 30, 2009) - HOPE NOW, the private sector alliance of mortgage servicers, non-profit counselors, and investors that has been working aggressively to prevent foreclosures and keep homeowners in their homes, today ..., more 
and Obama doesn't wield heavy stick on banks - Marketplace.publicradio.org  Effective lobbying by bankers and voter frustration with taxpayer-funded "bailouts" have kept President Barack Obama from making good on his promise to wield a heavy stick against a financial industry blamed for derailing the economy. Without ..., more 
and First-time buyers find deals, help perk up house sales - 10 News  Kelly Butler just got a bargain. Sure, her new three-bedroom home came with fake barn wood nailed to the bathroom walls, carpet that had to be ripped up, broken closet doors and a need for plumbing and tile work. No matter. Butler, 27, and her ..., more 

Obama vows to 'remake' US (iafrica.com)

Marking his 100th day in office, President Barack Obama vowed to keep on "remaking America"., more 

Foreclosure workshops planned for May - Record-Journal

The Diocese of Norwich’s Catholic Charities arm and the Connecticut Housing Finance Authority will hold foreclosure intervention and prevention workshops in May. The sessions will be at 9 a.m. May 1 and 8 and at 10 a.m. May 23 at 331 Main St ..., more 
and Maryland designates $2.5M to prevent foreclosures - MSN MoneyCentral  The state unveiled Wednesday more than $2.5 million to help prevent home foreclosures. The money comes from federal, state and local funding sources and will be used primarily to support nonprofit housing counseling groups, Maryland Gov. Martin O ..., more 
and Treasury unveils anti-foreclosure move - Cincinnati.com  WASHINGTON - The Obama administration unveiled a new program to help borrowers with second mortgages stay out of foreclosure, offering cash to servicers, investors and borrowers who modify loan terms. The goal is to assist homeowners who seek help ..., more 

Protect Yourself From Real Estate Scams - Myfoxdc.com

(MYFOX NATIONAL) - As the real estate market cools, scams are on the rise. And no one is immune -- homeowners are being duped as they look to refinance or avoid foreclosure, and home buyers are getting scammed out of hundreds, even thousands of ..., more 
and Grayson Urges Mediation In Home Foreclosure Cases - The Ledger  ORLANDO | With Florida's home foreclosure rate still among the highest in the nation, U.S. Rep. Alan Grayson, D-Orlando, is trying to promote and encourage a court-ordered mediation program that would allow both sides in the home foreclosure process ..., more 
and Perkins' Roeder Harley-Davidson facing foreclosure - Sandusky Register  Register file photo/ JASON WERLING A customer cruises around the Roeder Harley-Davidson building on a miniature motorcycle called a "pocket rocket" during the store's Grand Opening in 2003. National City Bank has filed a foreclosure lawsuit against ..., more 

Obama vows "unrelenting" efforts on economy, security (Channel NewsAsia)

WASHINGTON: Marking his symbolic 100th day in office, US President Barack Obama Wednesday pledged an "unrelenting, unyielding effort" to return to economic prosperity and confront threats including swine flu., more 

Obama: 'unrelenting' efforts on economy, security (AFP via Yahoo! News)

Marking his symbolic 100th day in office, President Barack Obama has pledged an "unrelenting, unyielding effort" to return to US prosperity and confront threats including swine flu and terrorism., more 
and Obama vows 'unrelenting' efforts on economy, flu (AFP via Yahoo! News)  Marking his symbolic 100th day in office, US President Barack Obama pledged an "unrelenting, unyielding effort" to return to economic prosperity and confront threats including swine flu., more 

Diamond Cos. Files Expansion Permit (The Memphis Daily News)

About two months after buying the former Chuck Hutton Toyota dealership at 1710 E. Brooks Road, Diamond Cos. has filed its application permit with the...., more 
and Gibbons Holds Gubernatorial Election Fundraiser (The Memphis Daily News)  Shelby County District Attorney General Bill Gibbons held his largest fundraiser to date in his quest for governor with a $1,000-a-person event Tuesda...., more 

Obama vows to 'remake' US (iafrica.com)

Marking his 100th day in office, President Barack Obama vowed to keep on "remaking America"., more 
and Plano selected as one of the best places to live (Plano Courier)  In the near future, Plano could be flooded with scores of new residents thanks to a listing that positions the city within the top 100 places to live in America., more 

Wednesday, April 29, 2009

Ky. gives Covington $5M for foreclosure aid - Business Courier

The city of Covington will use $5 million in Neighborhood Stabilization Program funds to buy, rehabilitate and sell foreclosed properties, Gov. Steve Beshear announced. The money is part of $37.4 million Kentucky received through the Department of ..., more 

Mailbag: Foreclosure run-around (April 29) - Albany Democrat-Herald

I am a homeowner that has recently been laid off from Weyerhaeuser at the Foster Division. I contacted my bank, Wells Fargo, and informed them that I may be having trouble meeting the house payments. At this time we were told that we would try to be ..., more 
and Sail condo developer faces foreclosure suit - South Florida Business Journal  Emerald Plaza faces foreclosure Deal of the week: Former Bellsouth Facility Coconut Grove Bank loses $2.7M in Q4 Bauer finds fewer stars among banks U.S. Century Bank seeks foreclosure on Boynton Beach site The developer of the Sail Condo on Brickell ..., more 
and Foreclosure forum held - WJRT  SAGINAW TOWNSHIP (WJRT) -- (04/29/09)--A few hundred Mid-Michigan homeowners who are trying to save their American dream showed up in Saginaw Township Wednesday looking for help. A foreclosure forum was held at Horizon's Conference Center. Hundreds ..., more 

Getting foreclosure help - Register-Guard

Dozens of non-profit housing counselors, state consumer affairs specialists and lender representatives are gathering Saturday at the Portland Memorial Coliseum to help Oregonians in danger of foreclosure. The state-sponsored, day long event is ..., more 
and Treasury unveils anti-foreclosure move - Cincinnati.com  WASHINGTON - The Obama administration unveiled a new program to help borrowers with second mortgages stay out of foreclosure, offering cash to servicers, investors and borrowers who modify loan terms. The goal is to assist homeowners who seek help ..., more 
and Eli Broad Says Rates Below 4% Needed to Move Foreclosure Glut - Bloomberg  April 29 (Bloomberg) -- Eli Broad , the billionaire founder of homebuilder KB Home , said “additional inducements” including mortgage rates below 4 percent are needed to sell a glut of foreclosed properties in parts of the U.S. “I think we need ..., more 

House Panel Approves Overhaul of Mortgage Market Standards (Bloomberg)

April 29 (Bloomberg) -- A U.S. House panel approved legislation that would prevent lenders from transferring all mortgage risk as part of a bid to boost consumer protection during the deepest housing slump since the Great Depression., more 

McKnight money to help foreclosure crisis - Duluth News Tribune

The McKnight Foundation says it will donate $10 million to organizations that aim to help communities recover from the foreclosure crisis. McKnight will give $5 million to the Twin Cities-based Family Housing Fund, and another $5 million to the ..., more 
and Foreclosure suit hits Chicago Athletic Assn. hotel conversion - Crain's Chicago Business  (Crain’s) — The foreclosure wave has crashed over a joint venture that planned to convert the Chicago Athletic Assn. property on South Michigan Avenue into a 300-room Omni hotel. The partnership of Atlanta-based Songy Partners LLC and Cleveland ..., more 
and Some families find help at foreclosure forum in Detroit - Detroit Free Press  Robert and Sally Martin of Detroit walked out of a foreclosure forum Tuesday at Ford Field smiling. They were among hundreds of people at the forum sponsored by Michigan Attorney General Mike Cox by midday. The Martins waited in a long line of Bank ..., more 

Obama plan would help borrowers modify second mortgages - Santa Rosa Press Democrat

The Obama administration on Tuesday moved to expand its $50 billion plan to reduce home foreclosures by announcing a new program to help troubled homeowners modify second mortgages or piggyback loans. Under the new plan, the Treasury Department will ..., more 
and Hoboken home foreclosure notice tipped granny to scam - Bridgeton News  Conner Jay/ Journal Photo Grandma's House Scam: A two-month investigation led to the arrest of John Airey on charges he took out a loan on his wife's grandmother's Willow Terrace home in Hoboken. In Hoboken, John Airey, a Rutherford man, has been ..., more 
and U.S. revises program to help homeowners facing foreclosure - Inside Bay Area  The Obama administration Tuesday announced changes to the mortgage rescue program known as Making Home Affordable, adding provisions to reduce payments on strapped borrowers' second mortgages and help more underwater homeowners refinance into ..., more 

U.S. expanding foreclosure prevention plan - Newsday

Reporting from Los Angeles and Washington - The Obama administration, stepping up efforts to stem foreclosures, will offer lenders and homeowners incentives to cut payments on second mortgages, write down balances on first mortgages that are ..., more 
and Patching the Foreclosure Plan  The U.S. Treasury Dept. broadened the Obama Administration's foreclosure-prevention program on Apr. 28 in a bid to resolve a persistent obstacle to cleaning up problem mortgages. But some financial officials say the fledgling program's success still ..., more 
and Las Vegas Foreclosure Market Sizzles - Street.Com  For more real estate news, please visit: DQNews.com . Also check out BankingMyWay to compare mortgage rates. More from DQNews.com California Mortgage Defaults Hit Record Southern California Home Sales Rise San Francisco Home Sales Up for 7th Month ..., more 

Some families find help at foreclosure forum in Detroit - Detroit Free Press

Robert and Sally Martin of Detroit walked out of a foreclosure forum Tuesday at Ford Field smiling. They were among hundreds of people at the forum sponsored by Michigan Attorney General Mike Cox by midday. The Martins waited in a long line of Bank ..., more 
and Protesters disrupt foreclosure auctions in Sacramento - Sacramento Bee  Protesters disrupted several foreclosure auctions Tuesday on the Sacramento County Courthouse steps, winning a temporary cancellation of one and sending an unidentified auctioneer to the hospital with chest pains. Bidders on dozens of foreclosed ..., more 
and Four Steps to Ending the Foreclosure Crisis - Time  You'd be hard-pressed to find a person who doesn't think it's a good idea to stem the foreclosure crisis that helped kick off the broader financial meltdown and continues to exacerbate weakness in the economy. You'd also have a tough time getting any ..., more 

Snowmass reacts to foreclosures - Aspen Daily News

Nobody knows what the make of the potential foreclosure of five Snowmass Village properties that Related WestPac has invested in, not even the part owner of  one of the properties that will be sold at auction if the $110 million debt is not ..., more 
and Law library offer online foreclosure information - Reno Gazette  The Web site offers information on state laws regarding the foreclosure process, current legislative bills that might affect renters, information about how to find out if a home is in foreclosure and how to find out who owns a property, as well as ..., more 
and Arundel Del. Tony McConkey sued in foreclosure fraud case - Baltimore Sun  A state delegate from Anne Arundel County is being sued for damages by a Pasadena woman who claims that he tricked her into signing over the deed to her home. Del. Tony McConkey, a Severna Park Republican and a real estate agent, is being sued by ..., more 

Why foreclosure help isn't working - Minnesota Public Radio

Following the failed HOPE for Homeowners program, President Obama has introduced a new plan to give mortgage lenders incentives to lower borrowers' costs on second mortgages. A look at what works and what doesn't to prevent foreclosures, more 
and Treasury unveils anti-foreclosure move - Cincinnati.com  WASHINGTON - The Obama administration unveiled a new program to help borrowers with second mortgages stay out of foreclosure, offering cash to servicers, investors and borrowers who modify loan terms. The goal is to assist homeowners who seek help ..., more 
and Assemblyman feels pinch of real estate market slump - Las Vegas Sun  Las Vegas Assemblyman Morse Arberry, longtime chairman of one of the Legislature’s influential money committees, is going to court to try to stop foreclosures on two of his rental properties and pushing for state laws that would address situations ..., more 

Xzibit's Home Facing Foreclosure - Rap Weekly

Rapper/actor XZIBIT is facing foreclosure on his California home after failing to hand over more than $21,000 (£14,480) in mortgage payments. The Hey Now hitmaker's financial problems were revealed earlier this month (Apr09) when documents were ..., more 
and McKnight money to help foreclosure crisis - Minnesota Public Radio  Minneapolis — The Minneapolis-based McKnight Foundation said today it's giving $10 million to help communities recover from the foreclosure crisis. The McKnight funds target efforts both in the Twin Cities and outstate Minnesota. It will give $5 ..., more 
and Foreclosure help forum draws 1,700 in Detroit - Detroit News  Detroit --Hundreds of frustrated homeowners turned out for a conference today at Ford Field aimed at preventing home foreclosures. The event was sponsored by Michigan Attorney General Mike Cox. Homeowners were given information from various agencies ..., more 

Patching the Foreclosure Plan

The U.S. Treasury Dept. broadened the Obama Administration's foreclosure-prevention program on Apr. 28 in a bid to resolve a persistent obstacle to cleaning up problem mortgages. But some financial officials say the fledgling program's success still ..., more 
and Foreclosed Homes Go Up For Auction In Memphis Area - Eyewitness News  MEMPHIS , TN – While many people look to buy a dream home, a home is all that Thomas Buford wants. Buford is one of hundreds bidding on about six dozen homes in the Memphis area. “I’ve had my fingers crossed for two weeks now.” Buford hopes ..., more 
and Foreclosure Homes Bring Good Deals for Buyers - NBC 15  (MOBILE, Ala.) April 28 -- It's big and beautiful and built in 1904, the classic southern home in Midtown became a bed and breakfast several years ago. It's a picture of perfection with it's green colonial shutters and white picket fence. And on the ..., more 

Mortgage Crisis - Daily Business Review

ssistant public information officer Dana Larachuita was answering phones at The Florida Bar’s Tallahassee office when she got a call from a nurse on the brink of losing her home. Diagnosed with a career-altering illness, the nurse had fallen two ..., more 
and Foreclosure Prevention Saved Minnesota Approximately $300 Million in ... - Earthtimes  Nearly 5,000 Foreclosures Prevented Last Year ST. PAUL, Minn. , April 29 /PRNewswire/ -- Nearly 5,000 foreclosures were prevented in Minnesota last year, saving home owners, lenders, neighborhoods and local governments up to approximately $300 ..., more 
and Foreclosure Prevention Plan Expanded to 2nd Mortgages - Washington Post  The Obama administration unveiled an expansion of its $75 billion foreclosure prevention plan yesterday, providing new subsidies to mortgage lenders and investors. Under the expanded plan, some homeowners could see their payments fall significantly ..., more 

Dallas-area home prices slide 4.5% in SandP/Case-Shiller report (Dallas Morning News)

AP The annual rate of home price decline slowed in nine of the 20 metropolitan areas the index tracks each month.Dallas' decline compares with an overall 18.6 percent nationwide drop in prices in February from a year earlier, according to the closely watched index released Tuesday., more 

Dallas-area home prices fare well in latest national survey (Dallas Morning News)

Dallas-area home prices are down 4.5 percent from a year ago, according to the latest measure by Standard Poor's/Case-Shiller., more 
and 92% of Dallas County homes to get lower or flat appraisals for '09, official says (Dallas Morning News)  Dallas County commissioners heard the bleak but expected news on Tuesday about this year's tax roll: home foreclosures, declining building permits and high office-vacancy rates combine to depress values for the first time in years., more 

Women who are cleaning up America's mess (rediff.com)

These women and a handful of others are still a minority in financial and regulatory circles, more 
and Plano selected as one of the best places to live (Plano Courier)  In the near future, Plano could be flooded with scores of new residents thanks to a listing that positions the city within the top 100 places to live in America., more 

Tuesday, April 28, 2009

Obama Administration Unveils Incentives for Mortgage Servicers - Wall Street Journal

WASHINGTON -- The Obama administration unveiled a fresh set of incentives Tuesday for mortgage servicers to help strapped U.S. homeowners. Under a new program, the government will pay mortgage servicers $500 up front and $250 a year for three years ..., more 
and Protesters disrupt foreclosure auctions on courthouse steps - Sacramento Bee  A large crowd of protesters disrupted several foreclosure auctions today on the Sacramento County Courthouse steps, winning temporary cancellation of one Sacramento foreclosure and sending an auctioneer to the hospital with chest pains. Bidders on ..., more 

Obama administration expands housing aid plan - Chicago Defender

WASHINGTON — The Obama administration said Tuesday it is expanding its plan to stem the housing crisis by offering mortgage lenders incentives to lower borrowers' bills on second mortgages. During the housing boom, lenders readily gave out ..., more 
and Foreclosure help forum draws 1,700 in Detroit - Detroit News  Detroit --Hundreds of frustrated homeowners turned out for a conference today at Ford Field aimed at preventing home foreclosures. The event was sponsored by Michigan Attorney General Mike Cox. Homeowners were given information from various agencies ..., more 
and Legislators Consider Foreclosure Bill - WCSH  AUGUSTA (NEWS CENTER) -- Legislators heard from the public Tuesday on a bill to Preserve Home Ownership by Preventing Unnecessary Foreclosures. There were eight bills being reviewed. The one getting the most attention was a bill to ease the ..., more 

Obama expands housing help to include second mortgages - Miami Herald

WASHINGTON -- The Obama administration expanded its efforts to prevent Americans from losing their homes, unveiling a program Tuesday that's designed to give financial incentives for companies to modify the terms of troubled second mortgages. The new ..., more 
and Mountain Law: Lien priority fundamentals - Summit Daily News  Any person interested in foreclosures should understand lien priority fundamentals. Here’s an introduction. A “lien” is a legally protected interest that a creditor has in a debtor’s property. One common type of lien is a deed of trust (or ..., more 
and Obama expands housing help to include second mortgages - Anchorage Daily News  WASHINGTON - The Obama administration expanded its efforts to prevent Americans from losing their homes, unveiling a program Tuesday that's designed to give financial incentives for companies to modify the terms of troubled second mortgages. The new ..., more 

Many Dallas County homes to decrease in value; notices to go out Friday (Dallas Morning News)

Dallas County commissioners heard the bleak but expected news on Tuesday about this year's tax roll: home foreclosures, declining building permits and high office-vacancy rates combine to depress values for the first time in years., more 

New shops, direction for Atlas Park - New York Daily News

EXPECT A world of changes at the Shops at Atlas Park. The upscale Glendale mall, recently tossed into foreclosure and now controlled by a court-appointed lawyer, will shift its focus to middle-end retailers, and may cut fees for one-hour parking, its ..., more 
and Study: Community Service To Repay Part Of Mortgage Loan Forgiveness To ... - All Headline News  Urbana, IL (AHN) - Struggling homeowners needing help to avoid foreclosure could repay part of their loan forgiveness by performing community service, a new study suggests. Banks across the country hold millions of dollars in mortgages that many ..., more 

Obama plan aims at helping those with second mortgages - Asbury Park Press

The Obama administration unveiled a new program to help borrowers with second mortgages stay out of foreclosure while revising other government efforts aimed at helping homeowners pay off their loans. The goal is to help homeowners gain aid with ..., more 
and ForeclosureDeals Reacts to the Current Home Foreclosure Crisis - Earthtimes  MIAMI , April 28 /PRNewswire/ -- ForeclosureDeals announces that their comprehensive foreclosure listing website continues to provide people with significant foreclosure listing leads. The most recent move to meet the foreclosure crisis was the ..., more 
and ClearPoint Credit Counseling Solutions and ByDesign Merge to Provide ... - PR Inside  ClearPoint Credit Counseling Solutions : and ByDesign Financial Solutions : today announced their plans to merge May 1, 2009. “With the rise in foreclosure and bankruptcy, we are experiencing an unprecedented demand for financial education,” said ..., more 

Short Sales and Loan Modifications Session Led by Foreclosure Response ... - PR Inside

2009-04-28 20:16:19 - Scott D. Coloney, president of the Foreclosure Response Team and Barry Bittrick, the company’s Michigan co-Director, teamed up as keynote speakers during the RE/MAX of Michigan’s 2009 Regional Conference & Awards Gala held ..., more 
and Twin $5 million loans boost foreclosure recovery effort - Minneapolis Star Tribune  Twin $5 million loans to help metro and non-metro housing funds finance foreclosure recovery efforts were announced this morning by the McKnight Foundation. McKnight said the loans will be for 10-year terms at 2 percent interest. The money will go to ..., more 
and Government to Expand Foreclosure Prevention Efforts - Washington Post  The Obama administration announced an expansion of its foreclosure prevention efforts today that it says will make it easier for some homeowners to afford their mortgages. The $75 billion housing plan pays lenders to help borrowers stay in their ..., more 

Homebuyers hope to time the bottom (The Daily Record)

With white tin ceilings, original woodwork, bay windows, and a $699,000 price tag, the two-bedroom apartment at 719 Carroll St. in Brooklyn would have been snatched up in a New York minute a couple of years ago., more 
and Volunteers serve twice-monthly community dinners in Sisters (The Oregonian)  A former missionary's idea provides sustenance and support to any resident in need, more 

Panel Discusses Foreclosure - Harvard Crimson

The panel discussion “Protecting the Right to a Home: the Anti-foreclosure Movement in Boston and Beyond” examined Boston foreclosures from a human rights perspective yesterday evening at the Law School. The discussion mainly served to celebrate ..., more 

Floyd Watkins facing foreclosure - Aspen Daily News

WOODY CREEK — There are two pending foreclosure sales on Floyd Watkins’ 45-acre Beaver Run Ranch on upper Woody Creek Road, as Watkins is in default on two loans worth $3.4 million. Watkins owes Alpine Bank $1.93 million on a $2 million loan that ..., more 
and Survey Says Government Should Not House Homeless - PR.com  Despite the U.S. being in the worst foreclosure epidemic in history, Americans are against the homeless being housed by the government, according to a new survey. Destin, FL, April 28, 2009 --( PR.com )-- The majority of those surveyed feel that the ..., more 
and FORECLOSURE CRISIS: Hardesty touts plan for mandatory mediation 340 ... - Las Vegas Review Journal  CARSON CITY -- About 340 lawyers have volunteered to serve as mediators to work with lenders to keep Nevadans from losing their homes to foreclosure, Nevada Chief Justice Jim Hardesty said Monday. Hardesty told the Assembly Ways and Means Committee ..., more 

Attorney General Helps Out Homeowners - ClickOnDetroit.com

DETROIT -- Attorney General Mike Cox is presenting a free forum for homeowners on how to avoid foreclosure today. During the forum, visitors will have an opportunity to meet with independent loan counselors, tax advisers and government agencies as ..., more 
and PA and the American Dream - WHP CBS21  The first signs of foreclosure problems in Pennsylvania, started in Monroe County in 2003. The State's Department of Banking Secretary says that is where people starting buying homes they couldn't afford. In Berks County, back then, Dale Wilkins ..., more 
and Investigator Exclusive: Foreclosure rescue scams target most ... - WKYC  The companies promise to rescue you from losing your home. Instead, they take your money and do nothing. Just ask Carol Jenkins of Conneaut. She and and her late son, Robert Curtis, trusted James Van Putten and his local company, Please Save My Home ..., more 

Wildlife votes illustrate struggle Obama faces (St. Louis Post-Dispatch)

WASHINGTON -- As President Barack Obama last week pushed his new campaign to cut government spending by $100 million, the House of Representatives authorized $50 million to help protect cranes, snow leopards, wild African dogs and other endangered species., more 

Accused adware purveyor Zango shuttered by bank foreclosure - Securecomputing.net.au

A principal player in the spreading of adware - software that silently loads advertising onto web users' computers - has been forced to close down after a decade in business. US-based Zango was sold last week after it failed to honor more than US$44 ..., more 
and Help for Homeowners: Oppenheim Hosts Legal Real Estate Workshop ... - PR Inside  WESTON, FL -- (Marketwire) -- 04/27/09 -- Helping homeowners prevent foreclosure : is keeping Roy Oppenheim busy as he defends the constitutional rights and wrongs for Broward homeowners. Considering the Sunshine State's foreclosures rank 4th in the ..., more 
and Local foreclosure rate still rising - Highlands Today  SEBRING - The foreclosure rate declined 11 percent in the Tampa area, but Highlands County and the rest of the nation are still setting records. RealtyTrac of Irvine, Calif. reported defaults, auction sales and bank repossessions on 803,489 ..., more 

Nashua family struggles in its fight to fend off foreclosure - Nashua Telegraph

NASHUA – Fred and Lee Prevo look and sound desperate. Along with millions of other Americans, they are behind on their mortgage payments. They've been trying for months to modify the terms of their loan so they can stay in their home of nine years ..., more 
and Tamarack receiver and lenders can't agree on a budget - Idaho Statesman  The receiver appointed for Tamarack Resort near Donnelly during its foreclosure case says he'll ask the court to take him off the job if a lending group won't adequately fund the work. But a lawyer for Credit Suisse and other lenders backing the ..., more 
and Home Prices in Major U.S. Cities Probably Fell at Slower Pace - Bloomberg  April 28 (Bloomberg) -- Home prices in 20 major U.S. metropolitan areas probably dropped in February at a slower pace, adding to evidence the market may be stabilizing, economists said before a private report today. The S&P/Case-Shiller index ..., more 

Monday, April 27, 2009

Xzibit in foreclosure - Post Chronicle

Xzibit in foreclosure - Rapper/actor XZIBIT is in foreclosure after failing to hand over more than $21,000 in mortgage payments on his California home. The Hey Now hitmaker's financial problems were revealed earlier this month (Apr09) when documents ..., more 
and Xzibit (Photo) Foreclosure - Post Chronicle  Rapper/actor XZIBIT is facing foreclosure on his California home after failing to hand over more than $21,000 (£14,480) in mortgage payments. The Hey Now hitmaker's financial problems were revealed earlier this month (Apr09) when documents were ..., more 
and Coakley Gets Injunction Against Alleged Foreclosure Scammers - Worcester Business Journal  Attorney General Martha Coakley 's office has received a preliminary injunction against companies that it says preyed on Massachusetts residents facing foreclosure. The office says Loan Modification Group Corp. and Mitigation LLC, both based in ..., more 

How Boston's on top of foreclosures - Marketplace.publicradio.org

In 2008 Boston had 1,215 foreclosed properties. But it wasn't as bad as other cities have experienced. Monica Brady-Myerov reports on how Beantown's prevention strategies have helped the city keep on top of the foreclosure crisis. Kai Ryssdal: Last ..., more 
and Tuscan Ridge Auctioned Off In Tucker County - The State Journal  PARSONS -- A crowd gathered at the Tucker County courthouse Monday morning to bid on Tuscan Ridge, a housing development just outside of Davis. Summit Community Bank says interest in lots at Tuscan Ridge faded because of the economy and its developer ..., more 
and Tips to avoid foreclosure scams - Gaston Gazette  After paying a Nevada company $2,000 upfront to save his home from foreclosure, a man recently walked into the Consumer Credit Counseling Service of Gaston County in tears because he lost his home anyway. That client and many others like him pay for ..., more 

Hoosiers falling victim to foreclosure scams - WTHR

Indianapolis - Families whose homes are in foreclosure are getting into even more trouble. They're trusting companies who prey on desperation, take hundreds and even thousands of dollars, and then do nothing. So if you lose your job and you're afraid ..., more 
and Mass Foreclosure Auction at Convention Center - Myfoxmemphis.com  MEMPHIS, Tenn. - Nearly 1,500 foreclosed homes in GA, TN, MS, AL -- including some exquisite mansions – will be auctioned off by REDC at the Cook Convention Center Tuesday evening. All homes can be seen at Auction.com , and the auction is set to ..., more 
and Go To Your Lender When Having Mortgage Payment Problem - HULIQ.com  Hundreds of thousands of homeowners in the country are facing difficulties in making their mortgage payments on time. However, not many of them know that the first thing they should do is to go or to speak with their mortgage lender. It's also in ..., more 

As Obama says to cut millions, House OKs $50 million for animals (McClatchy Newspapers via Yahoo! News)

WASHINGTON — As President Barack Obama pushed his new $100 million campaign to cut government spending last week, the House of Representatives authorized $50 million to help protect cranes, snow leopards, wild African dogs and other endangered species., more 

Foreclosure forum draws few in Yorkville - Beacon News

The attendance at a three-hour foreclosure seminar in Yorkville recently did not come close to reflecting the seriousness of the issue. Only a handful of people showed up for the city-sponsored seminar on a recent sunny Saturday afternoon at the ..., more 
and Senate passes Foreclosure Deferment Act - Wearford Democrat  AUSTIN — The Texas Senate passed SB 472, the Mortgage Foreclosure Deferment Act, by State Senator Craig Estes (R-Wichita Falls), to extend the time for homeowners facing foreclosure to resolve a mortgage default and provide more time to vacate a ..., more 

Help for Homeowners: Oppenheim Hosts Legal Real Estate Workshop - Market Wire

WESTON, FL--(Marketwire - April 27, 2009) - Helping homeowners prevent foreclosure is keeping Roy Oppenheim busy as he defends the constitutional rights and wrongs for Broward homeowners. Considering the Sunshine State's foreclosures rank 4th in the ..., more 
and Next potential mortgage crisis prompts call for 'housing czar' - Daily Territorial  The next group of mortgage holders likely headed for trouble are those holding five-year adjustable rate mortgages from the housing boom of 2004 and 2005, which are coming due for rate resets. The last of the three-year resets and subprime mortgages ..., more 
and Activists Serve Blackwater With 'Statement of Foreclosure for Moral ... - Common Dreams  This weekend, I addressed a conference on Blackwater/Xe and other private armies in Stockton, Illinois, about 2 hours west of Chicago, where Blackwater has established a facility in Jo Daviess County ( Here is some local media coverage). The ..., more 

Division Of Banks Aids Distressed Homeowners - Banker & Tradesman Online

The Massachusetts Division of Banks has issued an industry letter focused on aiding distressed homeowners by restricting fees charged in connection with loan modifications. The letter clarifies that mortgage brokers licensed by the division may not ..., more 
and DeKalb weighs gravity of tax change - Atlanta Journal Constitution  The decision by DeKalb assessors to redo the county’s 2009 tax values could have far-reaching consequences. Studies show values have fallen dramatically across portions of the county — drops not reflected in the assessors’ first attempt at ..., more 
and Wells: Forestalling foreclosure - Journal Tribune  WELLS — Selectmen will seek to change the rules of the tax foreclosure process to give residents a last chance to regain their property if it is seized by the town. Selectmen told the town’s attorney they hoped to avoid evicting anyone who is ..., more 

Homebuyers Will Find Array of Bargains at Auction of Over 250 Detroit Foreclosures (PR Newswire via Yahoo! Finance)

Owned Homes May 2nd and 3rd, more 
and Lots of house hunters, but they're not in hurry to buy (Reno Gazette-Journal)  With white tin ceilings, original woodwork, bay windows, and a $699,000 price tag, the two-bedroom apartment at 719 Carroll St. in Brooklyn would have been snatched up in a New York minute a couple of years ago., more 

Nixon's Farm avoids foreclosure auction — for now - Baltimore Sun

With the postponement of a foreclosure auction, the family that owns Nixon's Farm, a longtime Howard County landmark known for weddings, reunions and political events, is struggling to stave off creditors while restructuring development plans stymied ..., more 
and Making Home Affordable program may help those on edge of foreclosure - Dallas Morning News  For Brad and Susan Green, the chances of saving their Waxahachie home may depend on being approved for a loan modification under the government's new Making Home Affordable program. MICHAEL AINSWORTH/DMN Brad and Susan Green are in foreclosure ..., more 

Foreclosed property gets a cleanup - New Haven Register

NEW HAVEN — When the city deemed debris piled in a garage at 295 Lloyd St. a fire hazard, it took quite a bit of legwork to track down the owner of the vacant property. The city now thinks, but has no proof, that the foreclosed home belongs to ..., more 
and Reach out to lender if home is at risk - Seattle Times  Mount Rainier looms behind this Auburn neighborhood, where there have been recent foreclosures and other homeowners are in economic distress. In South King County, foreclosures have climbed sharply in the past three years. Housing advocates recommend ..., more 
and Legislature takes steps to help reduce foreclosures - Seattle Times  A bill unanimously passed by the Legislature last week aims to reduce the soaring number of foreclosures in Washington. The legislation sets aside $250,000 for a statewide program to help distressed homeowners work out loan modifications or other ..., more 

Deepening woes for the Imperial Valley - Los Angeles Times

Reporting from El Centro, Calif. -- The Imperial Valley is accustomed to the spectral look of failure: Houses around the Salton Sea have been abandoned for decades; the Planters Hotel in Brawley stood empty for years before it was destroyed by fire ..., more 
and Bank of America Responds to Consumer Desire for Increased - MSN MoneyCentral  Company Launches Bank of America Home Loans Brand, Reinforces Responsible Lending Practices CALABASAS, Calif. , April 27 /PRNewswire/ -- Bank of America today introduced its Bank of America Home Loans brand at locations nationwide and unveiled new ..., more 
and More disclosure needed from city - Asbury Park Press  The Press is right that redevelopment plans in Asbury Park must be dealt with "openly," which would be a first for the city. ("Failure not an option," editorial, April 12.) But why isn't anyone asking why the current City Council did not publicly ..., more 

Scam artists target distressed homeowners - Dallas Morning News

Financially distressed homeowners are an enticing target for scam artists, who are preying on consumers desperately trying to save their homes from foreclosure. The Office of the Comptroller of the Currency, which regulates nationally chartered banks ..., more 
and Palm Beach Mall foreclosure leaves many stunned, fearful of more to ... - Palm Beach Interactive  When attorney Malcolm Cunningham Jr. heard that the Palm Beach Mall had been sued for foreclosure, he didn't know whether to laugh or cry: "Oh no! Oh my gosh. You have got to be kidding me!" The foreclosure of the storied West Palm Beach shopping ..., more 
and Foreclosure proceedings tied to Snowmass developer - Charleston Daily Mail  SNOWMASS VILLAGE, Colo. (AP) - Foreclosure proceedings have started against several properties owned at least partly by Related WestPac, the developer for the base at Snowmass resort. Related WestPac spokesman Steve Alldredge said Friday that the ..., more 

City misses chance to buy theater - Union Leader

MANCHESTER – Until a few weeks ago, city officials were angling for a chance to buy the old Empire Theater in the east-side neighborhood known as The Hollow, according to a city planner. But now the opportunity is gone. Another buyer beat them to ..., more 
and Local foreclosure rate still rising - Highlands Today  SEBRING - The foreclosure rate declined 11 percent in the Tampa area, but Highlands County and the rest of the nation are still setting records. RealtyTrac of Irvine, Calif. reported defaults, auction sales and bank repossessions on 803,489 ..., more 
and Making Home Affordable program may help those on edge of foreclosure - Dallas Morning News  For Brad and Susan Green, the chances of saving their Waxahachie home may depend on being approved for a loan modification under the government's new Making Home Affordable program. MICHAEL AINSWORTH/DMN Brad and Susan Green are in foreclosure ..., more 

DeKalb weighs gravity of tax change - Atlanta Journal Constitution

The decision by DeKalb assessors to redo the county’s 2009 tax values could have far-reaching consequences. Studies show values have fallen dramatically across portions of the county — drops not reflected in the assessors’ first attempt at ..., more 
and On Native Ground - American Reporter  DUMMERSTON, Vt. -- Set aside the blather of the political pundits for a moment and let this sink in: On the 24th day of his presidency, Barack Obama recorded a legislative achievement that few of his predecessors had accomplished at any point of ..., more 
and Hospitals Cutting Services, Staff Amid Recession - Street.Com  More on Market Features At Meeting, Fed To Weigh Options To Revive Economy New York Students Get Swine Flu Weekend Reading: More Churning Coming Week: Heavy Earnings Trump Data Profit Reports Turn Spotlight On Consumer Spending Personal Fortunes ..., more 

Matter of Record, April 27 (Wichita Falls Times Record News)

CACH LLC vs. Brock A. Polley, 4516 Barnett Rd., $10,560.23, V3357 P20., more 
and Foreclosures hit Opus in Florida, Texas (BizJournals)  Three Opus Corp. developments in the southern United States are facing foreclosure actions from lenders: a $192 million shopping mall in Austin, Texas, and two shopping centers near Tampa, Fla., more 

Sunday, April 26, 2009

In Silicon Valley, home-price drops are bigger in communities with ... - San Jose Mercury News

The median price of Silicon Valley homes has been cut nearly in half since peaking at $805,000 in summer 2007. But that doesn't mean every home has lost that much value. In fact, a Mercury News analysis shows, home prices in some Santa Clara County ..., more 
and Foreclosure: A Troubling Sign On New London Streets - New London Day  New London — Christian Driscoll has more than a passing interest in the fortunes of his hometown, where his late father, C. Francis Driscoll, toiled as city manager for 23 years. “I've always been a proponent of revitalizing New London one ..., more 

Education could be key to preventing another foreclosure crisis - Minnesota Public Radio

The demand for first-time homebuyer classes is up sharply as people move to buy up the cheap foreclosures saturating the market. Advocates say that's a good thing - because there is evidence that a lack of homebuyer education and financial literacy ..., more 
and Florida home prices draw more than tourists - NorthJersey.com  Welcome to Florida: sun, surf, and loads of property at fire-sale prices. Want a house that looks like a million but costs thousands less? Florida has 'em. A duplex for less than $100,000? The Sunshine State has those, too. And the plummeting prices ..., more 
and Counselors work in foreclosure ‘triage’ - Springfield News Sun  SPRINGFIELD — The people who visit Kim Sprinkle’s office are seldom happy to be there. Sprinkle is a foreclosure prevention counselor and she has a box of tissues on her desk. It’s not there because she has allergies. Her job is to get loans ..., more 

As business tenants leave, former homeowners fill the void - Santa Rosa Press Democrat

One gauge of the slumping economy is the growing number of courtesy calls self-storage site managers make to remind tenants to pay the rent. Leading the list are construction workers, sales representatives, restaurant owners and other self-employed ..., more 
and Law Week: Learn your legal rights in condos, foreclosures, elder ... - Palm Beach Post  The hot legal topics of foreclosure, elder law, small claims and condominium-homeowner law are on the agenda for Law Week, presented by the Palm Beach County Bar Association. The popular annual event begins Monday and offers free legal advice and ..., more 
and LETTER TO THE EDITOR: Times story distorted facts - The Washington Times  The Washington Times on Tuesday published a story by Chuck Neubauer that aimed inaccurate, untrue and unfair suggestions of impropriety at Sen. Dianne Feinstein, California Democrat, and her husband, Richard Blum ("Senate husband's firm cashes in on ..., more 

In Silicon Valley, home-price drops are bigger in communities with ... - San Jose Mercury News

The median price of Silicon Valley homes has been cut nearly in half since peaking at $805,000 in summer 2007. But that doesn't mean every home has lost that much value. In fact, a Mercury News analysis shows, home prices in some Santa Clara County ..., more 

Foreclosure Crisis Taking Toll on Public Health - PLANetizen

Officials and advocates in Oakland California are warning that the foreclosure crisis is not only leading to evictions, but also growing public health problems and community blight. "The foreclosure crisis is causing more problems than lost homes, it ..., more 
and Foreclosures: abandoning dogs, cats, and other pets as well as homes - San Francisco Examiner  On CNN last night, Jack Cafferty reported that as people are abandoning homes they can no longer afford, an “unprecedented” number of pets are also being left behind. The agony of leaving behind just one beloved pet who is also a family member is ..., more 
and Story, data: Brown County sees spike in foreclosures - Green Bay Press-Gazette  The number of American households threatened with foreclosure grew 24 percent in the first three months of this year and is poised to increase further as major lenders restart foreclosures after a temporary break. Brown County homeowners also are ..., more 

Laid off? Personal, financial aid awaits - Fort Lauderdale Sun-Sentinel

As finances unravel and the pressure builds, it's easy to feel you're the only one going through a crisis, or that there's no way out. The reality is just the opposite. If you're having money troubles, you're far from alone. Plus, there are plenty of ..., more 
and Moguls buy up Lee County's foreclosures - News-Press  Past security, up the escalator and a hard turn right at the Lee County Justice Center in downtown Fort Myers, the action picked up at 10:30 a.m. On this spring day, bidders and observers swarmed bank representatives who announce the minimum dollar ..., more 
and As business tenants leave, former homeowners fill the void - Santa Rosa Press Democrat  One gauge of the slumping economy is the growing number of courtesy calls self-storage site managers make to remind tenants to pay the rent. Leading the list are construction workers, sales representatives, restaurant owners and other self-employed ..., more 

Homebuyers hope to time the bottom (KATU Portland)

The number of house hunters out this spring is an encouraging sign that the real estate market is beginning to turn around. There's just one problem - a lot of them are in no hurry to buy, according to interviews with dozens of shoppers at open houses last weekend., more 
and Repeat Hays foreclosures on increase (San Marcos Daily Record)  When the auctioneer takes his place on the north side of the Hays County Courthouse at 1 p.m. on May 5, he’ll be offering for sale 124 properties that have been listed for foreclosure., more 

Senate passes Mortgage Foreclosure Deferment Act - Wearford Democrat

AUSTIN - The Texas Senate passed SB 472, the Mortgage Foreclosure Deferment Act, by State Senator Craig Estes (R-Wichita Falls), to extend the time for homeowners facing foreclosure to resolve a mortgage default and provide more time to vacate a ..., more 
and Palm Beach Mall foreclosure leaves many stunned, fearful of more to ... - Palm Beach Post  When attorney Malcolm Cunningham Jr. heard that the Palm Beach Mall had been sued for foreclosure, he didn't know whether to laugh or cry: "Oh no! Oh my gosh. You have got to be kidding me!" The foreclosure of the storied West Palm Beach shopping ..., more 

HOME BUYERS' GUIDE: Foreclosured homes offer opportunities for buyers - Nevada Appeal

Potential homebuyers have heard about the deals to be had among the many foreclosed homes on the market. But there are some important differences between buying from private owners as opposed to bank-owned properties. Nilva Wise of Re/Max Realty ..., more 
and Foreclosure rates continue to climb - Mydesert.com  Foreclosure activity in the nation, and across the Inland Empire, was high in March, even as the California law requiring lenders to have greater contact with borrowers to try to modify loans was put into play. RealtyTrac, which tracks distressed ..., more 
and Laid off? Personal, financial aid awaits - Baltimore Sun  As finances unravel and the pressure builds, it's easy to feel you're the only one going through a crisis, or that there's no way out. The reality is just the opposite. If you're having money troubles, you're far from alone. Plus, there are plenty of ..., more 

Shore Mortgage rewards 112 conscientious homeowners with $1,000 checks - Detroit Free Press

Called into action by stories in newspapers and on TV about Shore Mortgage's $100,000 giveaway, hundreds of people sat down and explained why they were worthy in handwritten notes. The contest wasn't for people teetering on the edge of foreclosure or ..., more 
and In Silicon Valley, home-price drops are bigger in communities with ... - San Jose Mercury News  The median price of Silicon Valley homes has been cut nearly in half since peaking at $805,000 in summer 2007. But that doesn't mean every home has lost that much value. In fact, a Mercury News analysis shows, home prices in some Santa Clara County ..., more 
and Regions branch works to provide homeowners finance options - Hattiesburg American  The Hattiesburg Regions call center on the second and third floors of the Regions branch on Front Street in downtown Hattiesburg buzzes with activity. Representatives work on headsets, keys flying across keyboards as they speak to customers on the ..., more 

ASK THE EXPERT - Cleveland Plain Dealer

Aour question regarding 401(k) plans as a source of income to get through these difficult times is a good one. There was much talk during the election season and after about waiving the penalty withdrawal provision. But all indications are that this ..., more 
and Common Pleas for 4-26 - Review  Deborah Hill, East Rochester, vs. James Milligan, Salem; personal injury claim from 2009 traffic accident. U.S. Bank National Association vs. Wendy Baker, Salineville, etc.; foreclosure sought against property on Dairy Lane, East Liverpool ..., more 

Losing everything... - Springfield News Sun

SPRINGFIELD — Four years ago, when Jamie Bowshier came home from Iraq, he had everything he wanted in life: A wife, three kids, a job, a house. A promising future. When he returned to his house on Seymour Street, he found that neighbors had lined ..., more 
and Caught in a mortgage mess? Contact your lender - AZCentral.com  Hiding in plain sight is one of the worst actions a homeowner who is facing foreclosure can take. You won't save your house - or credit - by barricading the door and ignoring phone calls from bill collectors. It is completely understandable that you ..., more 
and Early decisions felt in Florida - Tampa Bay Online  TAMPA - Florida schools can forestall budget cuts. Cuban immigrants can visit relatives back home. Construction can start on a long-delayed Interstate 4 connector road. Some homeowners may avoid foreclosure. These are the most tangible effects in ..., more 

First signs of foreclosure crisis loomed in '05 - Memphis Commercial Appeal

During the very year the local housing market peaked, when new home sales totaled more than $900 million in Shelby County alone, Meribeth LaBarreare noticed the first signs of trouble. "Around 2005, we started seeing these loans that were too good to ..., more 
and Bargain hunters drawn to home glut for sale or rent - Memphis Commercial Appeal  Alfred Clark figured the weathered, boarded-up bungalow next door to his home probably wouldn't sell for much. But only $4,000? "Oh, man. I would've bought it. That's a pretty good deal," said Clark, 53, after being told the sales price of the ..., more 
and Fire fears have city taking control of empty buildings $700,000 grant ... - Eagle-Tribune  HAVERHILL — It was exactly what firefighters and city leaders feared with vacant buildings, potential firetraps, dotting Haverhill's inner-city neighborhoods. An abandoned building in a closely packed neighborhood ignited, sending out smoke, sparks ..., more 

Houston lawmaker enjoys juggling politics, motherhood (Houston Chronicle)

At 44, Kristi Thibaut of Houston became a rookie mom and a rookie legislator last year and now is finding passion in the balancing act., more 

Saturday, April 25, 2009

Down the drain' - Brownsville Herald

McALLEN - The bonded warehouseman's worker carried items through what once was a homeowner's front door. The box of paperback thriller novels by Michael Crichton and John Connolly sat next to the unopened bottles of liquor left behind. A faux-antique ..., more 

In Silicon Valley, home-price drops are bigger in communities with ... - San Jose Mercury News

The median price of Silicon Valley homes has been cut nearly in half since peaking at $805,000 in summer 2007. But that doesn't mean every home has lost that much value. In fact, a Mercury News analysis shows, home prices in some Santa Clara County ..., more 
and A Reality Check on Mortgage Modification - New York Times  WE are almost two years into the housing storm and foreclosure floodwaters continue to rise. A record 800,000 homes received a default or auction notice in the first quarter, an increase of 9 percent from the fourth quarter of 2008, according to ..., more 
and Bank slapped Rs 50K penalty - Times of India  CHANDIGARH: Deciding on a complaint, the UT consumer forum held that the bank was not entitled to foreclosure charges or service tax. Terming recovery of these charges as ‘illegal’, the forum directed ICICI Bank Limited and ICICI Home Loan ..., more 

EXCLUSIVE: Lawyers say lenders set stage to collect on 'short sales' - North County Times

A "short sale" might not be the end of a homeowner's problems. The practice, which has exploded in popularity as homeowners struggle to pay their mortgages, is supposed to allow a borrower to sell a home for less than the mortgage amount, walk away ..., more 
and NAACP Honors Centennial Anniversary in Peoria - Central Illinois Proud  WMBD/WYZZ-TV—PEORIA--The NAACP is celebrating 100 years today. Members gathered at the Pere Marquette to talk about why their presence is still relevant across the country. One issue the National Branch faces, they're suing 12 major lenders in the ..., more 
and Jon Tevlin: Centro Legal's demise leaves gaping hole in safety net - Minneapolis Star Tribune  The offices of Centro Legal were eerily quiet, the only sign of doom being the stack of cardboard boxes behind the counter. Perhaps the boxes held the files of someone stuck between countries, the paperwork revealing attempts to gain citizenship and ..., more 

Home sales in Chicago area start to show more signs of life - Chicago Tribune

Area real estate agents are making space in their cars for clients again and they get almost bubbly when they talk about the uptick in activity. "I'm so thankful," said Mark Zipperer, a Re/Max Edge agent in Chicago, as he ticked off his busy schedule ..., more 
and Utah has 12,000 houses in foreclosure - MSNBC  SALT LAKE CITY - Utah has about 12,000 homes in foreclosure, according to the foreclosure listing firm RealtyTrac Inc. But with nearly 1 million housing units in the state, that number represents a relatively small problem. And even though Utah had ..., more 

Delays In Foreclosure Deals Frustrating Realtors, Buyers - Channel 3000

JANESVILLE, Wis. -- A lot of houses are for sale in Rock County, but with so many foreclosed houses on the market, some buyers are waiting months to find out if the deal goes through. Marie Hustad and her husband are trying to buy a home and plan to ..., more 
and State House passed bill to hike home insurance prices - Fort Lauderdale Sun-Sentinel  The Florida House of Representatives approved legislation Friday that would increase almost all homeowner insurance rates statewide. The broad bill would, among other things, increase individual Citizens Property Insurance policyholder premiums by up ..., more 
and Kennewick couple blame bank for foreclosure - Tacoma News Tribune  KENNEWICK -- Desiderio and Catarina Alvarado are upset with Banner Bank. They are holding the bank responsible for losing their rural west Kennewick home at a foreclosure auction last week. A bank official told them he had put the sale on hold ..., more 

Homebuyers hope to time the bottom (San Francisco Chronicle)

With white tin ceilings, original woodwork, bay windows, and a $699,000 price tag, the two-bedroom apartment at 719 Carroll St. in Brooklyn would have been snatched up in a New York minute a couple of years ago. Instead, it's been on the market for more than..., more 
and Homebuyers hope to time the bottom (AP via Yahoo! News)  With white tin ceilings, original woodwork, bay windows, and a $699,000 price tag, the two-bedroom apartment at 719 Carroll St. in Brooklyn would have been snatched up in a New York minute a couple of years ago., more 

Weekly roundup from the Texas Legislature (News 8 Austin)

Gov. Rick Perry stood firm in his position that Texas shouldn't accept $555 million in federal economic stimulus money for unemployment benefits. The Senate took Perry to task Monday by passing a bill to circumvent his decision and get the money., more 
and Weekly roundup from the Texas Legislature (News 8 Austin)  The governor stood firm in his rejection of stimulus money for unemployment benefits and some of Gov. Rick Perry's recent comments continue to be at the center of many late-night comedians' jokes. These topics and much more in this week's Capitol roundup., more 

Texans could get more time to avoid foreclosure under a new bill ... - Fort Worth Star-Telegram

Husband says missing Coppell woman lured by fake business offers Midlothian man sentenced in Sansom Park child sex sting Sleepy Saturday for Dallas Cowboy could end with safety blitz Dallas, Tarrant health officials urge people to be on alert for ..., more 
and Help available to avoid foreclosure - Alliance Review  There is help for people in Stark County who are behind on their mortgage payments. That was the word emanating from a roundtable discussion called on Friday to address Stark being among Ohio's top eight counties for foreclosure rates. But the word ..., more 

Alderman vote to lower fees to foreclosure marshals - New Haven Register

NEW HAVEN —The Board of Aldermen voted Monday to pass new legislation aimed at lowering fees paid to marshals by homeowners facing foreclosure. In most cases, marshals are paid by the person, agency or municipality seeking their services. The cost ..., more 
and Madigan plea: In foreclosure? Ask for help - Batavia Sun  JOLIET -- The nationwide foreclosure crisis has roots reaching back five or 10 years, and remains a troubling phenomenon well into 2009, Illinois Attorney General Lisa Madigan said Friday. Madigan, speaking at the Black Road Branch of the Joliet ..., more 
and Keeping foreclosure trouble at bay - Napa Valley Register  Overgrown lawns, vandalism, squatters and green pools that breed mosquitos. The homes in foreclosure in Napa County are threatening the quality of life of the handful of neighborhoods where empty homes have become blights, speakers at a foreclosure ..., more 

Senate to block mortgage relief - Columbus Dispatch

WASHINGTON -- The centerpiece of President Barack Obama's plan to keep thousands of people from losing their homes amid the worst economic crisis in decades is headed for defeat next week in the Senate. A plan to allow people to seek mortgage relief ..., more 
and Kennewick couple blame bank for foreclosure - Tri-City Herald  KENNEWICK -- Desiderio and Catarina Alvarado are upset with Banner Bank. They are holding the bank responsible for losing their rural west Kennewick home at a foreclosure auction last week. A bank official told them he had put the sale on hold ..., more 
and LEGISLATURE '09 MORTGAGE FORECLOSURES - Dallas Morning News  AUSTIN – With an eye on the one in 10 Texas homeowners at risk of foreclosure, the Senate voted Friday to give homeowners in default extra time to iron out their finances before their house is put up for sale. Legislation passed on a 30-0 vote and ..., more 

LEGISLATURE '09 MORTGAGE FORECLOSURES (Dallas Morning News)

AUSTIN - With an eye on the one in 10 Texas homeowners at risk of foreclosure, the Senate voted Friday to give homeowners in default extra time to iron out their finances before their house is put up for sale., more 

Foreclosure hits fast - Independent

Last summer, Massillon resident Willie Campbell discovered that a family member had opened credit cards in her name. Next thing Campbell knew, she was falling behind on the mortgage payments for her three-bedroom home on Amherst Road Northeast ..., more 

Mortgage relief faces Senate defeat - The Washington Times

The centerpiece of President Obama's plan to keep thousands of people from losing their homes amid the worst economic crisis in decades appears headed for defeat next week in the Senate. A handful of Democrats are siding with Republicans in ..., more 
and Political, business leaders discuss foreclosure solutions - Canton Repository  A lot of effort is going into fighting the wave of foreclosures locally, but more needs to be done, a group of political and civic leaders said today. The problem is a local, state and federal one. “That’s why everybody is at the table here today ..., more 
and Foreclosure filed against Evanston's Grand Bend condos - Evanston Review  A 49-unit Evanston condominium building has been placed in receivership while a Northbrook bank forecloses on the unsold units to recoup $13.5 million in loans. The Grand Bend at Greenbay, located at Green Bay Road and Emerson Street, opened in mid ..., more 

Other View: Better foreclosure tracking method needed in S. Dakota - Mitchellrepublic.com

South Dakota could be missing out on federal funding because of misleading information about the state’s foreclosure rates. While the state’s five most populated counties are monitored for foreclosures, 61 counties in the state are falling ..., more 
and Consumer Affairs column: A guide to avoid foreclosure - NWITimes.com  The U.S. Department of Housing and Urban Development offers consumers an online "Guide to Avoiding Foreclosure." The guide is recommended for those facing foreclosure or those worried about it in the future. It provides tips on where to get help ..., more 
and Rapper Xzibit faces home foreclosure - Digital Spy  Xzibit has reportedly been warned that his Woodland Hills, California home will be foreclosed if he does not pay the back mortgage he owes. The rapper's home will be seized by his bank if he fails to pay off his $21,404 (£14,590) debt, TMZ reports ..., more 

Texans could get more time before foreclosures - Houston Chronicle

AUSTIN — Texans would have more time to fix their troubled finances before losing their homes under a bill passed Friday by the Senate. Current law allows just 20 days for homeowners receiving a foreclosure notice to resolve their mortgage default ..., more 
and Senate expected to sink mortgage-relief plan - Sauk Valley Daily Gazette  WASHINGTON (AP) – The centerpiece of President Barack Obama’s plan to keep thousands of people from losing their homes amid the worst economic crisis in decades is headed for defeat next week in the Senate. Allowing people to seek mortgage relief ..., more 
and Madigan plea: In foreclosure? Ask for help - Herald News  JOLIET -- The nationwide foreclosure crisis has roots reaching back five or 10 years, and remains a troubling phenomenon well into 2009, Illinois Attorney General Lisa Madigan said Friday. Madigan, speaking at the Black Road Branch of the Joliet ..., more 

Bill would buy more time for Texans in foreclosure (San Antonio Express-News)

Current law allows 20 days for homeowners receiving a foreclosure notice to resolve their mortgage default, one of the quickest processes in the nation. The Mortgage Foreclosure Deferment Act extends this notice period to 45 days., more 

Friday, April 24, 2009

Texas Senate votes to help homeowners facing foreclosure - KVUE

AUSTIN – With an eye toward helping the one in 10 Texas homeowners at risk of foreclosure, the Senate today voted to give homeowners in default extra time to iron out their finances before their houses are put up for sale. Legislation passed on a ..., more 
and AG Obtains Preliminary Injunction Against Foreclosure Rescue ... - Banker & Tradesman Online  Attorney General Martha Coakley's office has entered into a stipulated preliminary injunction with three defendants for their alleged inappropriate business practices in offering loan modification assistance. Under the terms of the order, signed ..., more 
and Miami Foreclosure - Ways To Deal With A Home Purchase Easily - Turks.US  Miami foreclosures offer an assorted collection of quality low-priced homes that will surely fit your home acquisition budget if you're thinking of relocating to a new residence in the city. You don’t have to empty your savings for the perfect; in ..., more 

5 indicted on mortgage fraud charges - MSN MoneyCentral

Five Honolulu residents have been indicted for committing mortgage fraud. Welton Kalani, co-owner of Accel Mortgage; Bobby Wood, owner of Asian Pacific Funding; Stephen Balino, owner of New Horizons Financial Inc.; Audra Palomares, branch manager at ..., more 
and Editorial: Success stories in housing meltdown - Minneapolis Star Tribune  After losing his job and exhausting his unemployment benefits, a single Minnesota dad fell behind on his house payments. Without any income, he found mortgage counselors couldn't be much help, and the foreclosure process began. Within a couple of ..., more 
and Company Allegedly Scammed Foreclosure Victims - CBS 2 KCAL 9  As an increasing number of people face foreclosure more programs are cropping up that promise to rescue these homebuyers, for a hefty fee. CBS 2 News went undercover to expose a program that clients claim swindled them out of thousands of dollars ..., more 

Real Estate Weekly: Distressed properties selling like hot cakes (Market Watch)

Distressed properties in Phoenix, Ft. Myers/Naples, Fla., Las Vegas, Southern California, and Sacramento, Calif., spent 20% fewer days on the market in the first quarter compared with the first quarter of 2008, according to a recent report from ZipRealty. Distressed properties include foreclosures and short sales., more 

Rapper Xzibit's Home Up For Foreclosure - All Headline News

Los Angeles, CA (CNS) - Rapper Xzibit is said to be facing foreclosure on his home after failing to pay more than $21,000 in back mortgage payments. According to TMZ, the 34-year-old former "Pimp My Ride" host - real name Alvin Joiner - owes the bank ..., more 
and NOTICE OF MORTGAGE FORECLOSURE SALE, Hiebert - Daily Journal  AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $63,521.24 That prior to the commencement of this mortgage foreclosure proceeding Mortgagee/Assignee of Mortgagee complied with all notice requirements ..., more 

The Foreclosure Epidemic: The Bulldozers Cometh - MSN MoneyCentral

Simply put: There are too many homes in America. Travel to the outskirts of Phoenix, California's inland empire -- or even suburban Washington, DC -- and you'll find scores of vacant homes, for-sale signs, and soon-to-be ghost towns. Sprawling Lennar ..., more 
and More turn to Legal Aid for foreclosure help - Bowling Green Daily News  William Hyde and his wife, Wanda, of Bowling Green had fallen behind on their house payments earlier this year and it was clear foreclosure might happen. Hyde, who is 57 and lives on Social Security disability, said skyrocketing utility bills and ..., more 
and Could the median price for existing homes in Las Vegas fall to $100 ... - Las Vegas Review Journal  The $100,000 median-priced home -- written off as extinct in Las Vegas just a couple of years ago -- could return by the end of this year, a local housing analyst said Thursday. If the 16 percent first-quarter depreciation rate continues for the next ..., more 

Bankruptcy filing halts foreclosure sale of Urbana hotel - News-Gazette

URBANA – The sheriff's sale of the Historic Lincoln Hotel was canceled Friday after the owner filed for bankruptcy. Bloomington-based Urbana Enterprise, current owner of the downtown hotel, filed for Chapter 7 bankruptcy in federal court in ..., more 
and Facebook Recommend this on Global Grind - allhiphop.com  The economic crisis continues to affect various entertainers, as rapper Xzibit is the latest celebrity whose home is facing foreclosure. According to TMZ.com, the West coast rapper owes over $21,000 in back mortgage payments, with foreclosure on his ..., more 
and CenterState profit dips on concerns about loans - Tampa Bay Business Journal  CenterState Banks of Florida Inc. reported net income for the first quarter of 2009 of $772,000, or 3 cents a share, compared to net income of $1.1 million, or 9 cents a share, for the same quarter last year. The continued deterioration of the real ..., more 

What Price is Right? (Columbia Journalism Review)

In this morning’s roundup , we saw a number of headlines about slumping housing prices around the country. In San Diego , Las Vegas and Dallas , homes are losing value—by as much as 30 percent in Texas., more 
and Dallas area home sales, median prices tumble in first quarter (Dallas Morning News)  Sales fell more than 30 percent in a dozen residential districts. And several neighborhoods saw substantial declines in median sales prices during the first three months of 2009., more 

Texans could get more time in foreclosures (KFDA-TV Amarillo)

Associated Press - April 24, 2009 1:25 PM ET AUSTIN, Texas (AP) - Texans who fall behind on their mortgage payments would get more time to try to save their homes under legislation approved by..., more 
and Texans could get more time in foreclosures (AP via Yahoo! Finance)  Texans who fall behind on their mortgage payments would get more time to try to save their homes under legislation approved by the Texas Senate., more 

May Foreclosure Postings Down Or Unchanged In 2 Central Texas Counties ... - KWTX

WACO (April 24, 2009)-- The number of May foreclosure postings was down or unchanged from April in Central Texas’ two largest counties, according to figures released by Foreclosure Listing Service, Inc. In Bell County, there are 222 postings for ..., more 
and Is foreclosure wise fix for failed flip? - Chicago Tribune  Q I am retired. About 18 months ago (before the economic crash), I bought a fixer-upper and renovated it, but have been unable to sell it. If I let the property go into foreclosure, can/will the bank that gave me the mortgage try to get at my other ..., more 
and California's Foreclosure Surge Leads to Stricter Regulations - 24-7PressRelease.com  Article provided by Law Offices of H. Michael Soroy, pleaes visit us at http://www.soroy.com As the national foreclosure crisis continues to grow, the federal government and several states are taking corrective measures to diminish the fallout from ..., more 

State offering counseling for homeowners - Honolulu Advertiser

The Hawai'i Housing Finance and Development Corporation is partnering with five nonprofit agencies to provide counseling services for homeowners in danger of losing their homes to foreclosure. "Families facing foreclosure are in need of guidance to ..., more 
and Tracking Loans Through a Firm That Holds Millions - Star News Online  Judge Walt Logan had seen enough. As a county judge in Florida, he had 28 cases pending in which an entity called MERS wanted to foreclose on homeowners even though it had never lent them any money. Click to enlarge Darlene and Robert Blendheim of ..., more 
and Data show S.C. foreclosure rates still ‘relatively low’ - The State  South Carolina’s largest metropolitan areas had less than 1 percent of homes with foreclosure filings in the first quarter, according to RealtyTrac, which tracks such data. South Carolina and other states that were not hit hard by the housing ..., more 

Foreclosures surge, but many are repostings (Austin American-Statesman)

Foreclosure postings rose in Travis and Williamson counties for the May 5 auction, Foreclosure Listing Service Inc. reported. Experts say they expect the numbers to remain elevated throughout 2009 because of rising unemployment and layoffs., more 
and In this market, does realty TV reflect reality? (Modesto Bee)  Are real estate reality shows on cable these days more reflective of the challenging housing market?, more 

Ask AP: Water-fueled cars, slain Somali pirates (AP via Yahoo! News)

Is it possible to make a car that runs on water?, more 
and Cleaning Crew (Forbes)  Women, like the FDIC's Sheila Bair, are fixing the financial mess., more 

Ask AP: Water-fueled cars, slain Somali pirates (AP via Yahoo! Finance)

Is it possible to make a car that runs on water? No, not some sort of amphibious station wagon with inflatable bumpers -- a car that relies on water as the fuel that makes the engine go., more 
and AP answers your questions on the news, from water-fueled cars to the bodies of slain pirates (Minneapolis-St. Paul Star Tribune)  Is it possible to make a car that runs on water? No, not some sort of amphibious station wagon with inflatable bumpers — a car that relies on water as the fuel that makes the engine go. It's an idea that showed up in a magazine more than seven decades ago. But can it really work?, more 

The Foreclosure Epidemic: The Bulldozers Cometh - MSN MoneyCentral

Simply put: There are too many homes in America. Travel to the outskirts of Phoenix, California's inland empire -- or even suburban Washington, DC -- and you'll find scores of vacant homes, for-sale signs, and soon-to-be ghost towns. Sprawling Lennar ..., more 
and Foreclosure help for Miami-Dade low-income families - HULIQ.com  Miami, Florida, like many other US cities, is suffering from a drastic rise in home foreclosures. According to foreclosure filing statistics from the Miami-Dade County Clerk of Courts , county foreclosures in 2009 are up 62% since last year. Besides ..., more 
and The Top 25 Foreclosure Cities - US News and World Report  RealtyTrac… the leading online marketplace for foreclosure properties, today released its Metropolitan Foreclosure Market Report for Q1 2009 , which shows cities in California, Florida, Nevada and Arizona accounted for the 26 highest foreclosure ..., more 

Foreclosure flood soon? - The Denver Daily News

Foreclosures in the Denver-Aurora area dropped 45 percent in the first quarter of 2009 in comparison to the same time period last year, according to RealtyTrac, a national company that sells foreclosed properties.  Meanwhile, the Colorado Division ..., more 
and Workshop in Redwood City to help homeowners facing foreclosure - San Mateo County Times  Homeowners facing foreclosure will have a chance to modify their loans and hear advice on the current real estate market at a free bilingual workshop Saturday in Redwood City. Sponsored by the city and two East Palo Alto-based community groups, the ..., more 
and Anthem apt. complex may face foreclosure - AZCentral.com  A large apartment complex in Anthem is under threat of foreclosure because its owners failed to make recent payments on their $40 million mortgage loan, according to documents filed recently with the Maricopa County Recorder's Office. Lender KeyBank ..., more 

Thursday, April 23, 2009

Cities clicking together to fight foreclosure blight - Minneapolis Star Tribune

Start the auction at $1 and only allow potential homesteaders to bid (sorry flippers/speculators). Every single one of these homes would … read more sell same-day, be occupied by a taxpayer, and go for genuine market value. With so many new ..., more 
and Pools become nasty mosquito havens in foreclosure - Associated Press  NEW ORLEANS (AP) -- Mosquito control workers can measure the recession by the number of green, cloudy swimming pools they see - algae-covered havens for mosquitoes dotting neighborhoods hit by the foreclosure crisis. Aside from their annoying bites ..., more 
and New Providence program targets foreclosure crisis - Charleston Daily Mail  PROVIDENCE, R.I. (AP) - Providence Mayor David Cicilline is unveiling a new initiative to combat foreclosures in Rhode Island's capital city. The new program, called Come Home to Providence, will use federal housing funds to provide zero-interest ..., more 

Commercial properties fall to foreclosure - Boston Globe

The foreclosure crisis is now claiming commercial properties across Massachusetts, prompting a surge of fire sales as the owners of office towers, hotels, and stores cannot meet or refinance sizable loan payments. In the first four months of the year ..., more 
and Buying Tips For A Miami Foreclosure Home - Turks.US  Homebuyers might want to take advantage of the best deals offered in the Miami foreclosure market, especially those who are interested in the acquisition of a low-priced home in good condition. Due to the economic standpoint of the U.S., many find it ..., more 
and Florida Foreclosure Market To Scouting For The Perfect Home ... - Turks.US  Everyone wants to get hold of a real estate property that is within their budget, or those that gives them a lot of savings in the process. Florida offers great selections of affordable homes that will surely give you an easy time to pick out the ..., more 

More foreclosures coming to the Modesto area - Modesto Bee

The lull in foreclosures is about to end. While it hardly seemed that way, the foreclosure rate was relatively low the past six months in Stanislaus, Merced and San Joaquin counties. MDA DataQuick released statistics Wednesday showing that notices of ..., more 
and Local Group Rescues Abandoned Pets - KLAS-TV  Helpless animals are being left behind by people who lose their jobs and their homes. Animal rights advocates say abandoning a pet is not only against the law, it's cruel. "That's inhumane. I don't know what they could be thinking," said Jeanine ..., more 
and Metro foreclosures plummet - Denver Post  Recovery 2009 Apr 16: New signs emerge that recession may be easing JPMorgan Chase posts better-than-expected profit Colo. foreclosure activity down for the quarter Foreclosure activity in metro Denver declined at one of the fastest rates in the ..., more 

To get votes, Waxman offers cap-and-trade breaks (The Washington DC Examiner)

In exchange for votes to pass a controversial global warming package, Democratic leaders are offering some lawmakers generous emission “allowances” to protect their districts from the economic pain of pollution restrictions., more 

San Jose Offering Foreclosure Workshop On Thursday - KRON4

SAN JOSE (KRON)-- In light of the recent numbers of foreclosures in the area, San Jose is hosting a foreclosure workshop on Thursday to assist residents who are facing the devastation of losing their home. The event will provide legal aid ..., more 
and Firm says default notices hit record in California - Charleston Daily Mail  SAN DIEGO (AP) - Lenders filed a record number of mortgage default notices against California homeowners during the past quarter, a real estate tracking firm said Wednesday. A total of 135,431 default notices were sent out during the quarter ending ..., more 
and Sheriff: Md. dad who killed family had $450K debt - News-Democrat  FREDERICK, Md. -- A Maryland father who shot his wife and three children to death and then killed himself struggled with depression, had $450,000 in debt and nearly decapitated his kids after they had died, Frederick County Sheriff Charles Jenkins ..., more 

Pools become nasty mosquito havens in foreclosure - Picayune Item

NEW ORLEANS — Mosquito control workers can measure the recession by the number of green, cloudy swimming pools they see — algae-covered havens for mosquitoes dotting neighborhoods hit by the foreclosure crisis. Aside from their annoying bites ..., more 
and Jim Porter: Helping homeowners in foreclosure - Sierra Sun  My phone is ringing off the hook with foreclosure questions. Too many homeowners are “under water,” meaning the amount of their loans is greater than the value of the home — not a good situation. In a future column we will explain some of the ..., more 
and Program targets foreclosure crisis in Providence - News Channel 10  PROVIDENCE—Providence Mayor David Cicilline is unveiling a new initiative to combat foreclosures in Rhode Island’s capital city. The program, called Come Home to Providence, will use federal housing funds to provide zero-interest loans to ..., more 

Providence program targets foreclosure crisis - MSN MoneyCentral

PROVIDENCE, R.I. (AP) - For Wanda Levy, the boarded up homes near her neighborhood are more than vacant buildings. In Providence, banks have foreclosed on nearly 2,000 homes since January 2006. "They're like cemeteries," Levy said. "It's like ..., more 
and Bank is left with shell of house after owner's pre-foreclosure sale - Denver Post  It was not your typical "everything must go" garage sale. "House is only three years old, selling EVERYTHING in it!" read the ad posted in late March for items inside a Green Valley Ranch home near East 43rd Avenue and Orleans Street in Denver. A ..., more 
and New Providence program targets foreclosure crisis - Boston Globe  PROVIDENCE, R.I.— Providence Mayor David Cicilline is unveiling a new initiative to combat foreclosures in Rhode Island's capital city. The new program, called Come Home to Providence, will use federal housing funds to provide zero-interest loans ..., more 

Letters to the Editor (Brookings Daily Register)

There is an old adage that I sometimes paraphrase and wish to remember here for the sake of beginning on a positive note. “Give a hungry person a fish, and the person will eat until the fish is gone., more 

Existing Home Sales Drop In March (Forbes)

Figures slip lower than forecast and falling prices do little to ease concern., more 
and Mortgage Bondholders Form Battle Lines Over Obama Housing Plan (Bloomberg)  April 23 (Bloomberg) -- The head of Greenwich Financial Services LLC warned bond investors in Washington last month that government efforts to reverse the housing slump are doing more harm than good by undermining debt contracts., more 

Business briefs - Allentown Morning Call

| General Motors says it may not make a $1 billion bond payment on June 1 if it doesn't finish a debt-for-equity exchange by then. The troubled auto giant plans to make the exchange offer soon to bondholders. General Motors Corp. has $28 billion in ..., more 
and Fla. county declares emergency over economy - KTUU  FORT PIERCE, Fla. (AP) - Florida's St. Lucie County has declared a state of economic emergency as a result of the one time housing boom going bust. The action authorizes up to $30 million for a slate of new construction projects in hopes of jump ..., more 

Mortgage foreclosure delay plan promoted - Toledo Blade

COLUMBUS - Arguing that homeowners in default on their mortgages need more time to work with lenders, Lucas County Commissioner Tina Skeldon Wozniak yesterday urged state lawmakers to enact a six-month moratorium on foreclosures. The House Housing ..., more 
and Valley home prices tumble to 2001 levels Existing-home sales soar in ... - Las Vegas Review Journal  Las Vegas home prices have retreated to 2001 levels, although two-thirds of the homes being sold now are foreclosures, housing analyst Larry Murphy of SalesTraq said Wednesday. SalesTraq reported a median existing-home price of $134,900 in March, a ..., more 
and More foreclosures coming - Modesto Bee  The lull in foreclosures is about to end. While it hardly seemed that way, the foreclosure rate was relatively low the past six months in Stanislaus, Merced and San Joaquin counties. MDA DataQuick released statistics Wednesday showing that notices of ..., more 

Cities clicking together to fight foreclosure blight - Minneapolis Star Tribune

Despite these new buyer programs, we aren't interested in buying a new home in this economy. We're fairly happy in our current digs, and no … read more one's job is really secure these days. The latest Minnesota tax news gives us the willies, and ..., more 
and Foreclosure scam artists rarely see jail - Asbury Park Press  LAS VEGAS — They call themselves loan modification consultants, negotiators or specialists. Some are legitimate, but many are simple con artists looking for desperate marks facing foreclosure amid the wreckage of the nation's housing market. It's a ..., more 
and County treasurer backs foreclosure moratorium - Columbus Dispatch  County Treasurer Ed Leonard also said he supports a provision that would let judges change loan terms. Franklin County Treasurer Ed Leonard has become the latest local government official to endorse a bill that would enact a six-month moratorium on ..., more 

Metro Phoenix and Florida Gain Popularity as Hottest Areas in U.S. for Home Buyers, According to ZipRealty Q1 2009 ... (Marketwire)

Distressed Properties in Nation's Hardest Hit Housing Markets Selling Faster Than Last Year, more 
and Mortgage Bondholders Form Battle Lines Over Obama Housing Plan (Bloomberg)  April 23 (Bloomberg) -- The head of Greenwich Financial Services LLC warned bond investors in Washington last month that government efforts to reverse the housing slump are doing more harm than good by undermining debt contracts., more 

Pools become nasty mosquito havens in foreclosure - Pantagraph

NEW ORLEANS -- Mosquito control workers can measure the recession by the number of green, cloudy swimming pools they see - algae-covered havens for mosquitoes dotting neighborhoods hit by the foreclosure crisis. Aside from their annoying bites ..., more 
and Our view: Don't be a foreclosure scam victim - Salem News  It is bad enough to be the target of a foreclosure from a legitimate lender. How much worse to be the target of a scam seeking to steal what little you have while posing as your rescuer. So be warned: Foreclosure rescue scams are on the rise, taking ..., more 
and Priest becomes savior in foreclosure crisis - CNN  PACOIMA, California (CNN) -- Father John Lasseigne has never owned a home, but he's become one of the key saviors for those who face losing their house. As banks move in to take over homes in foreclosure, this priest is stepping in to stop them ..., more