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Tag Archives: Inspection

Fair Housing Group Broadens Discrimination Complaint Against BofA

The National Fair Housing Alliance announced the fourth amendment of its discrimination complaint against Bank of America Thursday with the addition of five new cities. The amended complaint now includes 20 metro areas in which NFHA alleges Bank of America has neglected to maintain and market foreclosed and REO properties in minority neighborhoods. NFHA says it will release even more evidence early next year, but according to BofA, the group's accusations are ""simply untrue.""

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New Industry Technologies Marry Mobility and Compliance

Default servicing technologies are solving the most foreboding of challenges and revolutionizing the way business is conducted. From enabling process servers to validate their work straight from the field to standardizing background checks for property preservation vendors, today's solutions reinforce the mobile nature of the business and demonstrate a commitment to regulatory compliance and consumer protection.

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Cityside Celebrates 15 Years of Growth with New Online Image

Cityside Management Corporation opened its doors in Manchester, New Hampshire, back in 1998 with a single government contract in hand to manage housing units in five New York boroughs. Since then, it has developed into a large-scale, single-source real estate portfolio management services company that serves major markets coast-to-coast with five field offices throughout the United States.

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SIGTARP: Hardest Hit Spent 3% of Budget, Program Lacks Participants

As of December 31, 2011, the Hardest Hit Fund (HHF), which is meant to fund innovative measures to help families through the housing crises in hardest hit states, has spent just 3 percent of its budget since its February 2010 inception, a report published by a watchdog organization for taxpayers revealed Thursday. More specifically, as of the end of 2011, HHF spent $217.4 million of the $7.6 billion available for the program, and has provided assistance to just 30,640 homeowners, which is about 7 percent of the 458,632 to 486,536 homeowners it is estimated to help over the life of the program, which ends in 2017.

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REO App to Help Contractors Organize Tasks and Save Time

For those juggling a list of REO properties that must be managed and maintained, Mobile Business Concepts created an app and software to make the process smoother and more efficient. REO Photo, the app's name, will help contractors get organized through features such as the ability to assign jobs, track progress, and document work with photos.

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Top Ten Code Violations Revealed

Property code violations come in all shapes and prices, but Field Asset Services (FAS) narrowed the list down to the top 10. The list is based on FAS's 30 mortgage and asset management clients; the company services more than 130,000 active properties on an ongoing basis. ""Cities and local municipalities across the nation are becoming more vigilant towards issuing code violations to reduce blight and improve neighborhood conditions,"" said Dale McPherson, CFO of Field Asset Services.

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