These Tough Times

Foreclosures at the high end increase - San Jose Mercury News

Foreclosures at the high end increaseSan Jose Mercury NewsHigh end foreclosures have increased over the past couple years, as the poor economy finally catches up with formerly affluent folks who have exhausted their resources and can no longer afford their mortgages. (Dan Honda/Staff) The housing crisis, ...and more »

Private Equity Firms Purchase Fannie Mae Foreclosures - Housing Predictor

RisMedia.com (press release)Private Equity Firms Purchase Fannie Mae ForeclosuresHousing PredictorBy Kevin Chiu The bulk sale of foreclosed Fannie Mae homes to private equity firms will place foreclosures right back into the very hands of some of the banks and investors which triggered the foreclosure crisis by manipulating financial markets.A Mortgage Tornado Warning, UnheededNew York TimesForeclosure To Rentals?Worcester Business JournalTales from the Field: A Homeowner Who Fought Foreclosure and WonRisMedia.com (press release)Economic Populist -Firedoglake -Sarasota Herald-Tribuneall 58 news articles »

AG Sues Banks Over MERS Foreclosure Registry - North Country Gazette

New York PostAG Sues Banks Over MERS Foreclosure RegistryNorth Country GazetteOnce the mortgages went sour, these same banks brought foreclosure proceedings en masse based on deceptive and fraudulent court submissions, seeking to take homes away from people with little regard for basic legal requirements or the rule of law,” ...Foreclosure Settlement Will Settle NothingTheStreet.comForeclosure Accord Said to Ensure Same Terms for All 50 StatesBusinessWeekNew York sues Reston firm over foreclosure documentsWashington PostNew York Post -WNYC -eCreditDaily.comall 29 news articles »

Deal Is Closer for a US Plan on Mortgage Relief - New York Times

Deal Is Closer for a US Plan on Mortgage ReliefNew York TimesWith a deadline looming on Monday for state officials to sign onto a landmark multibillion-dollar settlement to address foreclosure abuses, the Obama administration is close to winning support from crucial states that would significantly expand the ...Will I need to file bankruptcy after they foreclose on my home?JD Supra (press release)Time Running Out for Short SalesHousing PredictorHomeowners struggle to get mortgage reliefTulsa WorldHerald Times Reporterall 8 news articles »

Foreclosed center sells at Celebration - Orlando Sentinel

Foreclosed center sells at CelebrationOrlando SentinelThe property, which had been owned by General Electric Credit Equities Inc., was in foreclosure and previously had a $32.5 million note on it, records show. Publix Super Markets will take 50500 square feet and is expected to open as soon as October.

Foreclosure Settlement Will Settle Nothing

NEW YORK (TheStreet) -- A foreclosure settlement between the banks and the 50 states Monday, if it does finally happen, will likely not have the positive outcomes that investors have been hoping for. Details of the deal emerging from recent press reports suggests that the states, while requiring banks to address their foreclosure procedures and reduce principal on mortgages, might not grant them ...

California woman fights, wins foreclosure battle

LOS ANGELES | Foreclosure commonly represents the end of a struggle. A borrower can't pay a mortgage, loses a home and moves on. But Karen Mena, a 38-year-old county worker, never gave up. Mena fought even after her San Bernardino, Calif.

Foreclosure Accord Said to Ensure Same Terms for All 50 States

Lenders including Bank of America Corp. and JPMorgan Chase & Co. and state attorneys general agreed to ensure that states signing a nationwide accord on foreclosures will be entitled to improved terms won later by states that opt out, two people familiar with the matter said.

Foreclosure filings down 25 percent in Colorado in 2011

New foreclosure filings were down 25 percent in Colorado during 2011, dropping to the lowest annual total reported since 2006, according to the Colorado Division of Housing.

Loan Modification Short Sale and Foreclosure Tax Consequences

SAN DIEGO, Feb. 3, 2012 /PRNewswire/ -- Indicating most homeowners awaiting loan modification approval and contemplating short sale or foreclosure are not aware of all consequences with regard to their ...