Tag Archives: Foreclosure
Mortgage delinquencies drop
Banks are initiating with fewer foreclosures, but still struggling with a backlog. Continue reading
Pants on fire, but not burned
Should we allow banks to file fraudulent documents in court to keep our economy afloat? Continue reading
Speak up about your foreclosure
Complaints from homeowners who believe they have been victims of illegal foreclosure practices are widespread.
Yet, when millions of borrowers were offered an opportunity to have their foreclosure files reviewed so they could get compensated for the wr… Continue reading
$7B homeowners bailout unused
While millions of homeowners struggle to pay their mortgages, more than $7 billion sits, unused … Continue reading
Stanley to reimburse borrowers
Morgan Stanley must review foreclosures that took place in 2009 and 2010 and reimburse borrowers … Continue reading
BofA: From lender to landlord?
Bank of America will offer struggling homeowners a chance to stay in their homes as renters.
The bank is starting a pilot program that will offer borrowers facing foreclosure the option to become tenants as soon as they transfer the title of their hom… Continue reading
Poll: Foreclosure abuse persists
Statistically, America may be digging out of the foreclosure quagmire caused by subprime mayhem and the subsequent collapse of the housing bubble … Continue reading
Foreclosure activity surges
More than 230,000 mortgages began the foreclosure process in January, a 28 percent increase from December. Continue reading
Top foreclosure bargain cities
Want to buy a home for half the price? Move to Milwaukee.
No? How about Philadelphia or Boston?
Bank-owned homes in these three metro areas sold with an average discount of more than 50 percent in the fourth quarter of 2011. That’s compared to the pric… Continue reading
A Spoc for borrowers is logical
Our Spocs know “the financial situation of the borrowers better than their spouses,” says Mark Atencio, senior vice president for mortgage servicer Green Tree Servicing. “They are that close and interacting that much with the borrower.”
Do you feel t… Continue reading