Foreclosure Latest Information

Foreclosure Latest Information

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 ...

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.

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.

Tales from the Field: A Homeowner Who Fought Foreclosure and Won
(MCT)—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., home was …

N.Y. foreclosure lawsuit could slow home seizures
Bankers struggling to deal with faulty foreclosure paperwork just got hit with another major headache. New York State Attorney General Eric Schneiderman, recently tapped by President Obama to head a new task force to investigate mortgage fraud, sued three major U.S.

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 ...

New York sues Reston firm over foreclosure documents
New York Attorney General Eric Schneiderman sued a handful of the nation’s largest banks Friday, claiming they deceived homeowners and court officials by filing flawed and fraudulent foreclosure documents through a popular electronic mortgage registry. Read full article >>

N.Y. AG files foreclosure fraud charges
NEW YORK, Feb. 3 (UPI) -- New York Attorney General Eric Schneiderman Friday charged Bank of America, J.P. Morgan Chase and Wells Fargo with fraudulent foreclosure practices.

Wall Street Split as Money Managers Fault Bank Foreclosure Deal
Wall Street’s biggest lobbying group is split over a proposed settlement of state and federal foreclosure probes, after a committee of money managers signaled it opposes terms letting banks push some costs onto bondholders.

Foreclosure activity plunged last year in region
The foreclosure picture is improving in the Pikes Peak region and around the state.Fewer homeowners fell into foreclosure during the first month of 2012 in the Colorado Springs area, which continued a trend of reduced foreclosure activity during 2011 locally and statewide, according to a pair of...

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