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Foreclosures News

Wells Fargo, Citigroup sued by LA over foreclosures

The city attorney of Los Angeles sued Wells Fargo and Citigroup on Thursday, alleging that the two companies engaged in mortgage discrimination, which led to foreclosures in minority communities.
In the Media by Owen Weldon - 1 comment

Are Short Sale Homes a Declining Trend?

The past year has witnessed a dramatic shift in real estate trends in the wake of rising prices. Are short sale homes the next to fall?
In the Media by Jared Diamond

Mortgage fine print forcing widows into foreclosure

As mortgage foreclosures continue to decline, a new foreclosure trap is affecting widows aged over 50 whose deceased husbands were sole holders of the mortgage.
In the Media by Katerina Nikolas - 3 comments

Bank of America tests 'Mortgage to Lease' plan for foreclosures

Bank of America has announced it is in the midst of unrolling a new program called "Mortgage to Lease." This plan is to be offered to selected mortgage customers facing foreclosure.
In the Media by Leigh Goessl - 1 comment

‘Hardest hit’ states lead way as U.S. home foreclosures increase

Washington - U.S. home foreclosure starts edged up in the third quarter as a result of delinquent loans making their way through the foreclosure pipeline, with industry data suggesting servicers concentrated in “hardest hit” states being the primary driving force.
In the Media by Lynn Herrmann - 4 comments

Bank of America forecloses on home destroyed by Hurricane Ike

Seabrook - A Texas man recently learned the Bank of America tried to foreclose on his home, a home that no longer exists. The home was destroyed in 2008 when Hurricane Ike swept through his area with 110 mph winds leaving behind dozens of destroyed homes.
In the Media by Leigh Goessl - 3 comments

The death of Cleveland- America’s heartland as a ghost town

As the foreclosure wars drag on, the reality has become a brutal testimony to the financial catastrophes the US is currently enduring. The sheer devastation is nowhere more visible than in Cleveland, once the heart of the heartland.
In the Media by Paul Wallis - 21 comments

4 Million US families facing foreclosure

The economic crisis in the United States is hitting home owners hard. More than four million are facing foreclosure. With the high unemployment rate that figure could climb higher in the near future.
In the Media by KJ Mullins - 2 comments

Op-Ed: 7 Americans foreclosed every minute and this is a recovery?

The fecal wisdom of the business pundits shines so brightly sometimes. While the rest of the U.S. disappears under a tide of unemployment which trashes millions of lives, anything is evidence of a recovery.
In the Media by Paul Wallis - 18 comments

U.S. foreclosures rise 15% in first half of 2009

A recent report indicates the foreclosure crisis affected more than 1.5 million homes in the first six months of the year in the United States.
In the Media by Bob Ewing - 7 comments
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Mark to Market Accounting Sodomized the Financial Markets

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May 24, 2011 by Kelly Bowlin


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