Foreclosures

Cities With the Most Foreclosures

Florida again leads the nation with the most cities with foreclosure filings, according to new data from RealtyTrac. Continue Reading »

FHA Program Gives Distressed Homeowners a Second Chance

You could be back in the homebuying market only a year after a foreclosure, short sale or a deed in lieu of foreclosure, under the FHA Back to Work Program. Continue Reading »

Foreclosures See a Slight Upswing

"Many states are not completely out of the woods when it comes to cleaning up the wreckage of the housing bust.” Continue Reading »

Best Ways to Buy Foreclosures in a Seller's Market

Buying a foreclosure can still be a good move as long as you go into the deal with your eyes wide open to the risks. Continue Reading »

Jailed Mortgage Fraudster Maintains Grip on Victims' Homes

"This is certainly among the worst of these kinds of cases that we've seen." Continue Reading »

Can Mortgage Company Pressure Homeowner's Kin for Payment?

"There are no specific rules on what a creditor like a mortgage company (as opposed to a third-party debt collector) can do to collect a debt." Continue Reading »

Repossessions Drop to Lowest Level in More Than 6 Years

Completed foreclosures are down, but many states are seeing sharp increases in the number of homes entering the foreclosure process. Continue Reading »

Fewer Americans Fall Behind on Mortgage Payments

The percentage of mortgage holders at least two months behind on their payments falls to its lowest level in more than 5 years. Continue Reading »

JPMorgan to Pay $614 Million in Mortgage Settlement

The deal announced Tuesday settles claims over thousands of unqualified home mortgages that ended up costing the government millions of dollars when the loans defaulted. Continue Reading »

Fewest Foreclosures in California Since 2005

"There's a strong incentive to hang on." Continue Reading »

Homes Lost to Foreclosure Hit 6-year Low Last Year

The number of U.S. homes that got started on the path to foreclosure fell last year to a low not seen since before the high-flying days of the housing boom. Continue Reading »

Homeowners Associations in Crisis as 70% Are Underfunded

"It's a community, but it has to be run like a business." Continue Reading »

Crunching the Latest Foreclosure Numbers

"Consumer confidence is definitely up as the economic rebound gathers more steam." Continue Reading »

How to Avoid Falling for a HARP Scam

Con artists have developed intricate scams around this government program that are hard to detect, but here are surefire ways to elude them. Continue Reading »

Why 2013's Rise in Home Prices Is Big Lift for U.S. Economy

The primary reason more Americans are seeing their net equity rise is an increase in home prices. Here's why that's good news for the economy. Continue Reading »

After a Foreclosure: How to Own a Home Again

It can take time and some labor, but those who've been foreclosed on can own a home again. Continue Reading »

Foreclosure Activity Drops to Lowest Level Since 2005

Foreclosure actions have dropped by nearly a third since November 2012. Continue Reading »

Do Fewer Foreclosures Mean Housing Crisis Has Ended?

AP By Richard Davies The housing crisis, which led to huge drop in personal wealth for many Americans, may be over at long last. "I think that it's really in the rear-view mirror," says Daren Blomquist of the real estate and foreclosure listings firm RealtyTrac. The foreclosure crisis, perhaps the biggest scar... Continue Reading »

Squatters' Rights: Difference Between Adverse Possession, Trespassing

Theoretically, you could walk into a home that isn't yours and declare ownership without paying a cent. The reality is much different Continue Reading »

Los Angeles Sues Bank of America, Alleging Mortgage Discrimination

The suit by the Los Angeles city attorney claims that B of A redlined minority neighborhoods for years, then turned around and gave blacks and Hispanics predatory home loans that they couldn't afford. Continue Reading »

U.S. Judge Weighs Penalties After BofA Fraud Verdict

The government wants Bank of America to pay more than $860 million to atone for the sale of defective mortgages. A judge is considering another way. Continue Reading »

Federal Housing Agency Sued in Battle Over Eminent-Domain Bailouts

"The FHFA has taken an aggressive stance on this issue in a way that has harmed minority communities. The public deserves to know why." Continue Reading »

BofA to Pay $404 Million to Settle Mortgage Dispute

Bank of America says it's settled claims in a dispute over home mortgages sold to the government-backed housing agency through 2009. Continue Reading »

Another City Embraces Eminent Domain to Fend Off Foreclosures

A city in New Jersey becomes the second municipality in the U.S. to declare its intent to use eminent domain to purchase homes in foreclosure. Continue Reading »

Charity Under Suspicion After Flipping Foreclosed Homes to Investors

According to the documents and a review of local property records in Las Vegas, the charity flipped a significant number of the homes to investors, generating millions of dollars in profits for those financing Heartland's activities with relatively short-term loans. Continue Reading »

What the Chase Settlement Could Mean for Consumers

Here's a breakdown of how $4 billion reportedly would be used to aid homeowners, prospective homebuyers and others. Continue Reading »

Fewer Homes Being Repossessed, Thanks to Investors

The number of homes on the market that have gone through foreclosure has taken a steep dive compared to this time in 2012, thanks to a particular group of homebuyers. Continue Reading »

Bank of America Liable for Countrywide Mortgage Fraud

Bank of America was found liable for fraud Wednesday over defective mortgages sold by its Countrywide unit, which originated shoddy home loans in a process called "Hustle," the government said. Continue Reading »

Fewer Foreclosures Now, but They're Selling for Less

There sure aren't as many foreclosures as there used to be, but those that are left are going for less despite a hot housing market. Continue Reading »

Foreclosure Victim Must Leave Hotel After 9-Year Stay, $29,000 Bill

Foreclosure has pushed millions of Americans out of their homes in this century, but how many have ended up living in a hotel for nearly a decade? Continue Reading »

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