Oct 18th 2011 12:30PM
By Arthur Delaney ALAMOGORDO, N.M. -- From next to the dead tree in his backyard, Ernie Soto can see the big house where he used to live. It's perched on the side of a mountain overlooking Alamogordo, a town of 36,000 on the eastern edge of New Mexico's Tularosa Basin. In 2007 Soto moved downhill to a smaller house... Continue Reading »
Aug 25th 2011 12:30PM
The loan modification programs have been a joke. You have a house that has tanked in value and the best the banks can come up with is a plan where they sort of delay what you owe long enough for you to get back on your financial feet -- if that -- based on the flawed logic that the housing market is certain to improve in... Continue Reading »
May 11th 2011 1:15PM
The nation's five largest mortgage lenders may be forced to reduce loan balances for distressed homeowners as part of an agreement with state attorneys general and the Obama administration to settle claims of faulty mortgage practices, a top state official involved in the negotiations said Tuesday. The proposal is part of... Continue Reading »
May 9th 2011 2:32PM
As the federal government wades deeper into claims of improper foreclosure procedures at the nation's largest banks, a new scandal is emerging. An investigative series by ProPublica has revealed that several lenders are forcing distressed homeowners to sign away their rights to sue in exchange for a temporary loan... Continue Reading »
Mar 22nd 2011 11:20AM
The Florida Supreme Court continues to devise programs in an effort to help homeowners in foreclosure, or so it would seem. The Residential Mortgage Foreclosure Mediation Program initiative was announced in 2009 and a Florida Supreme Court Task Force was assigned to implement the program. The 52-page report by the Task... Continue Reading »
