Foreclosure News

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.

Town officials discussed the task of collecting unpaid taxes at last week's regular meeting of the Tarboro Town Council.

A foreclosure action has been taken on the Chapel Hill Mall property and a new firm is now managing the site.

Ferguson alleges Delay My Sale Date and US Recovery Program have taken advantage of homeowners by falsely promising they can delay or prevent foreclosure.

Recent data indicates more subprime borrowers than ever are applying for and receiving loans to buy cars.

Alexander Philips joined the rush to buy foreclosed U.S. homes four years ago, spending $40 million on houses in California and Nevada to operate as rentals.

First-half property seizures, mortgage-default notices and home auction warnings in the Scranton/Wilkes-Barre metro area were up 10 percent over the first six months of 2013, according to RealtyTrac, a Los Angeles-area agency that calculates foreclosure data.

TOP ISSUE AND PLAN TO ADDRESS IT: My top priority will continue to be promoting economic growth and providing families and businesses a fair opportunity to be financially secure.

Delaware Attorney General Beau Biden announced July 14 that Citigroup Inc. will pay at least $17 million to Delaware to settle allegations stemming from the bank's conduct that helped cause the housing crisis.

No one dreams of a view overlooking boarded up homes and crumbling rooftops. But after the foreclosure crisis, that sight became a familiar one for Elkhart families.

Bank of America and others claim they want to offer poor people low-cost banking services.

The process was waiting to be completed after the U.S. Department of Housing and Urban Development, the U.S. Department of Justice, the Consumer Financial Protection Bureau and attorneys general in 49 states and the District of Columbia announcement in June over a $968 million mortgage origination settlement with SunTrust to cover mortgage ... (more)

After 20 years in their house, Jaime and Juana Coronel lost it to foreclosure when Jaime's landscaping work dried up in the recession and the couple fell behind on payments.