...introduction, several consumer advocacy groups have stepped forward to support AB 69. ""The lenders have for months been making promises to assist borrowers to avoid foreclosures,"" asserted Paul Leonard, director...
Read More »Search Results for: foreclosures
DoveBid Partners with CataList Homes on Auctions
...auction sales method always surfaces in challenging real estate markets when buyers sit on the sidelines waiting for prices to decline,"" said Ellis. ""With lender-owned foreclosures surging and new home...
Read More »Fitch Says 2008 Not a Boon Year for Homebuilders
...and existing homes for sale boosted by foreclosures will also exacerbate the already dismal forecast for housing this year,"" homebuilding analyst Robert Curran with Fitch Ratings said. Fitch added in...
Read More »City of Cleveland Sues 21 Subprime Lenders
Cleveland has become the second city in two weeks to blame Wall Street for causing a subprime fallout that eventually led to a surge of foreclosures in the city. But,...
Read More »Countrywide Faces More Delinquencies
...at Countrywide a year earlier. Pending foreclosures as a percentage of unpaid principal balance also increased from .70-percent in December 2006 to 1.44-percent in December of 2007. In addition, Countrywide's...
Read More »Proposed California Law Monitors Loss Mit Efforts
...the Department of Financial Institutions would receive reports from state licensed banks and credit unions. ""Foreclosures are bad for everyone—homeowners, lenders and the community,"" said Lieu. ""We need to make...
Read More »City of Baltimore Sues Wells Fargo
...a slew of foreclosures. The lawsuit claims Wells Fargo reversed a practice called red-lining, which ultimately led the Baltimore community down a dangerous road. While red-lining is a deceptive real...
Read More »Banks Attempt to Offload REO Homes in Atlanta
The spread of foreclosures nationwide has auction firm ""Hudson & Marshall"":http://www.hudsonandmarshall.com conducting real estate auctions across the country—including the upcoming auction of 500 homes in Atlanta, Georgia. The homes, which...
Read More »NeighborWorks? America Receives Millions for Loss Mit
...of preventing foreclosures nationwide. The nonprofit says the money was granted to the agency as part of the Consolidated Appropriations Act, which granted the monies to NeighborWorks® America as part...
Read More »REO Inspiration Story: Home for the Holidays
...fond memories for agents and homeowners alike. Craig Laube, president of ""American Foreclosures"":http://www.americanforeclosures.com/index.php, knows of one such example. Laube remembers a time when a single-mother, who was supporting herself through...
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