Foreclosure News

Going away this summer? Get the region's commercial news in your inbox with GlobeSt.com's Chicago AM Alert.

A California man who recruited straw buyers for a Myrtle Beach area mortgage fraud scheme has been sentenced to five years in prison, according to federal court records.

The number of foreclosures has continued to decline throughout the Northern San Joaquin Valley, where fluctuations in the housing market affect the economy as a whole.

The upcoming foreclosure auction of 14 office condos in Coral Springs was halted after their owner filed Chapter 11. PNC Bank recently won a $7 million foreclosure judgment against Lauren Enterprises, along with managing members Ricardo M. Pedrosa and Sharon Pedrosa.

Residential foreclosure activity in the Charlotte market logged another month of decline in May, with the latest figures from CoreLogic Inc. showing a foreclosure rate of 1.1 percent in the local market that month.

PNC Bank recently won a $7 million foreclosure judgment against Lauren Enterprises, along with managing members Ricardo M. Pedrosa and Sharon Pedrosa .

At the peak of the foreclosure crisis during the summer of 2008, more than 2,800 Stanislaus homes were repossessed by lenders in just three months.

Here's a news release from DFI about a couple of companies possibly operating loan modification schemes.

Phoenix ranked fifth nationwide for foreclosures among major U.S. markets between May 2013 and May 2014, according to new data from the CoreLogic real estate research firm.

Foreclosure petitions, the first step in the process to seize a home, increased in June compared with one year ago, but remain well below the levels posted during the foreclosure crisis, according to The Warren Group .

Aging foreclosures continue to linger in Florida's court system with 33 percent of Palm Beach County's backlogged cases at least two years old.

The national inventory of loans in foreclosure declined again in June, down 1.5% for the month, almost 36% for the year, making this the 26th consecutive month of declines, Black Knight Financial Services reported.

Rosenfeld is among thousands of aging Americans taking part in home-sharing programs around the country that allow seniors to stay in their homes and save money while getting some much-needed companionship.

"The company's current debt obligations of over $1.2-billion and annual interest expense of $113-million are unsustainable," Algoma's general counsel, Robert Sandoval, revealed in a court filing that said the steel maker rejected a proposal by one group of creditors that it file for protection under the Companies' Creditors Arrangement Act .

Two Long Island couples have been arrested on bank fraud and conspiracy charges after allegedly short selling a foreclosure property to a Hempstead Catholic school, WCBS 880's Irene Cornell reported.

Total existing home sales jumped 2.6 percent in June to a seasonally adjusted rate of 5.04 million.

Foreclosure rates in Orlando-Kissimmee-Sanford metropolitan statistical area decreased for the month of May over the same period last year, according to new data from CoreLogic.

The National Association of Realtors said Tuesday that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes.

After seemingly being on a downward trend for most of the year, foreclosures in metro Toledo surged in June, according to new figures from California real estate data firm RealtyTrac Inc. A total of 920 housing units moved into some state of foreclosure in June in the metro area, an increase of nearly 100 percent compared with the same month a year ... (more)

New development today in a West Seattle family's quest to stay in their foreclosed-on-and-auctioned-off home.