Foreclosure News

It's difficult to turn on the television these days without seeing a slew of commercials for reverse mortgages.

Although foreclosures in Florida have decreased in recent years, there is still a high percentage of foreclosures for luxury properties throughout Palm Beach, Broward and Miami-Dade counties.

CoreLogicA , an Irvine, CA-based residential property information, analytics and services provider, on Monday, Dec. 9, 2013 released its October National Foreclosure Report which provides data on completed U.S. foreclosures and the national foreclosure inventory.

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Lenders foreclosed on 48,000 U.S. homes in October, a decline of almost 30 percent from a year earlier.

A tax break for struggling mortgage borrowers ends Jan. 1 and that could mean big tax bills -- and financial hits for their neighbors.

As the new year draws closer, you are probably seeing an increase in requests for charitable donations.

Even the central bank said it may allow a haircut on non-performing loans as part of a restructuring plan with many hoping that a debt relief programme would follow to assist households who can no longer afford to maintain their mortgage repayments.

The number of completed home foreclosures in the Dallas area during the last year has dropped 36 percent from 2012 levels, according to a new report from CoreLogic.

Billions of dollars in foreclosure settlements between big banks and government regulators haven't helped Laura Biggs.

Bank of America has been sued by the Los Angeles city attorney, joining Citigroup and Wells Fargo as defendants in lawsuits charging they caused a "wave" of home foreclosures that cost the City of Los Angeles more than $1 billion dollars and depressed local tax revenue, a spokesman said Saturday.

To help the economy, the Federal Reserve should begin raising rates immediately and bring its preferred policy rate, the federal funds, to a more neutral stance.

More than half a decade into the foreclosure crisis and the big banks still haven't cleaned up their act, according to a new administrator's report.

Up to 30,000 home owners are believed to be taking advantage of a ban on foreclosures designed to protect mortgagors who have been unable to pay their loans since the economy went into freefall, Kathimerini understands.

Thomas H. Dickenson, substitute trustee, to Citizens Bank and Trust Co. of Grainger County, in Mari Ben Acres subdivision, $140,000.

Five years out from the financial collapse, one would almost expect that we wouldn't still routinely be finding out about ways in which banks like Goldman Sachs and Bank of America manipulated financial markets in order to essentially pillage the American economy.

When Nouvelle was first marketed in 2007, some units sold for as much as $1.6 million.

According to Zillow.com, total home sales in Georgia were up 25.5 percent over the same period in 2012.

In one of the hottest years on record for Orlando-area home prices, an unlikely mix of communities - Maitland , Pine Hills , Oviedo and Bithlo - has had the biggest gains.

It was reported in the news last week that the federal government settled a case against JP Morgan for its role in the mortgage disaster that is still plaguing the country and affecting so many former homeowners.