Foreclosure News

Three years after Erlanger Health System promised to revive Hutcheson Medical Center with a $20 million loan and new management, Chattanooga's biggest hospital has severed its management and talks with Hutcheson and plans to foreclose on the Fort Oglethorpe hospital on Tuesday to try to recover its unpaid debt.

Attorney General Beau Biden has a filed a lawsuit against a California-based company, alleging it operates a mortgage rescue and loan assistance scam that illegally collects large upfront fees from Delaware consumers facing financial distress with the promise to secure loan modification or other relief from their mortgage lenders.

The Consumer Financial Protection Bureau , the Federal Trade Commission , and 15 states announced they are taking action against foreclosure relief scammers accused of using deceptive marketing tactics to take advantage of distressed homeowners.

The ministries of Finance and Interior have submitted a revised bill on foreclosures that is expected to be debated and passed by parliament in order to secure the sixth tranche of about 453 mln euros in bailout money from the Troika of international lenders.

Despite a year-to-year decrease in foreclosure filings, Miami still has the nation's highest metro foreclosure rate: 1.65% of all housing units with a foreclosure filing during the first half of the year, newly released statistics show.

The Dunbar Community Center - renowned as a cradle of basketball talent in the birthplace of the game and as a safe haven in a troubled neighborhood - could be sold at a foreclosure auction sometime in August,.

The downtown building that has become a safety concern for the village may see new life after it was purchased Tuesday at a delinquent property tax foreclosure sale.

A new development late today in the fight over a Morgan Junction house that's been the subject of a showdown over foreclosure and eviction.

Charlotte ranks in the lower half of a new WalletHub list on the most "recession-recovered cities" in the U.S. To develop the list, researchers evaluated 18 metrics, including consumer debt decrease, foreclosure rate decrease and GDP growth rate to gauge cities' post-recession economic growth for the 150 largest U.S. cities.

Improper foreclosures have jammed up homeowners who purchased the properties from banks leading to a late-session push for legislation that opponents claim would unfairly bar those who lost their homes from winning back the titles.

Part of the Centennial Crossing shopping center at Winchester and Hacks Cross Road is under new management following a $3.4 million sale out of foreclosure.

The S&P/Case-Shiller home price index, a closely watched measure of home values.

When it comes to real estate, ignorance is not bliss. The last sentence you ever want to hear yourself say after signing a deal is, "I should have known that."

Zamias Services Inc., a Johnstown property management and development firm, will become the receiver and run the mall's operations, legal work indicates.

Houston County commissioners approved Monday a 9.95 millage rate for fiscal 2015 -- the same as the last six years, noted Commission Chairman Tommy Stalnaker.

It's obvious it would be a bad idea to offer principal reduction through government programs, or through the GSEs homeowners would default intentionally to qualify and the owners of those mortgages would be in effect subject to uncompensated takings.

The CFPB continues to ramp up its enforcement actions and its collaboration with state AG offices as part of the new " Operation Mis-Modification ."

An Illinois bank was the sole bidder in a foreclosure sale for a 12-story hotel in downtown Sioux City.

Mercantil Commercebank sold 51.1 acres of land in southern Miami-Dade County at a 69 percent loss to its repossessed mortgage.

Developer MeadWestvaco Corp. is moving forward with Brighton Park Village, a 400-acre community planned to include 675 homes, an elementary school and a park, said Ken Seeger, president of Summerville-based MWV Community Development and Land Management.