Foreclosure News

Florida is a buyera s market. Home prices are down and therea s a tax credit for first and second time buyers.

Michigan Attorney General Mike Cox Michigan Attorney General Mike Cox today announced the filing of criminal complaints against three illegal advanced fee "foreclosure rescue" operations accused of defrauding Michigan families.

The former Silver Club casino building in Sparks will be auctioned off Dec. 23 after a foreclosure notice was issued for it.

The number of home foreclosures in Arkansas increased slightly last month, but is down dramatically from its 2009 high in July.

Sales of new homes are expected to post a modest increase in October, reinforcing data this week that showed the real estate market is regaining its footing after a dramatic collapse.

Underwater mortgages dog U.S. housing Nearly one-quarter of residential mortgage holders 10.7 million households owe more on their mortgage than their home is worth Paul Waldie D on't try to tell Mandy Peacock that the housing market in the United States is showing any signs of life.

Los Angeles must take dramatic steps in coming months to bring its budget back into balance, including measures to slim the size of its government and reduce how much it spends on pensions for retired employees, the city's top budget official said on Wednesday.

Arizona legislators responded quickly last June when bankers complained that investor-builders were abusing a post-foreclosure protection intended for homeowners.

For sale sign for a new home is shown in East Palo Alto, Calif., in this Dec. 16, 2008 file photo.

Senator Harry Reid brought some top level officials with him Tuesday to send the message that the government wants to stop moorage modification scams.

Sales of new homes rose more than expected last month to the highest level in more than a year as the housing market shows stability after its historic collapse.

The Nevada Supreme Court says more than 3,400 homeowners who've received notices of default have requested mediation under a new program that took effect July 1. Under the program administered by the Supreme Court, homeowners who receive default notices have 30 days in which to seek mediation.

HARRISBURG, Pa. -- Pennsylvania's Attorney General has filed consumer-protection lawsuits against two 'mortgage rescue' firms with offices in South Jersey.The agency on Monday announced a lawsuit Monday against Nationwide Foreclosure Prevention Center of Williamstown and its owner Robert Valentin.

Arizona legislators have voted to repeal previous changes to a law protecting homeowners from post-foreclosure lawsuits.

The states and Federal Trade Commission are joining forces in Operation Stolen Hope, a nationwide program that combines law enforcement and public education.

By Julianne Pepitone , CNNMoney.com staff reporter Foreclosure plague: It's spreading Las Vegas always wins the title for worst foreclosure rate in the country.

Home sales rose 10 percent in the Western region of the country in October, driven largely by first-time homebuyers racing to qualify for a tax credit that had been set to expire at the end of this month, according to two reports released Monday.

Ten more loan-modification firms have agreed to comply with Colorado laws or be barred from doing business in the state.

The economy is growing modestly, with consumers too wary about spending to invigorate the recovery.

Nearly a quarter of U.S. mortgage holders owe more on their loans than their houses are worth, according to a report today in the Wall Street Journal .