Millions of homeowners have lost their homes to foreclosures which may have been based on faulty paperwork or misconduct on the part of lender. And now these homeowners may be able to challenge these foreclosures.
The Home Affordable Mortgage Program has been widely criticized for the lackluster participation, but a new report has shown that mortgage modifications rose in September. The U.S. Housing Authority reported on Thursday that HAMP has helped 40,14 ...
Halloween is a fun time and people like to the opportunity to dress up, but sometimes it can be taken too far, and that is exactly what the employees of the Steven J. Baum Law Firm did. Sparking a controversy over their insensitivity to people vi ...
The price of a homes are projected to fall again, as major mortgage lenders have resumed foreclosure processing, and unemployment remains over 9 percent. CNN money reported, that Fiserv, a financial analytics company, has stated that home prices ...
Eric Schneiderman, Attorney General for New York and Beau Biden, Attorney General for Delaware, are teaming up to investigate the suspected criminal activity of financial institutions in regards to the foreclosure crisis. Schneiderman appeared on ...
A program once utilized by mortgage lenders to persuade homeowners to leave their foreclosed homes is now being used to encourage troubled homeowners to agree to a short sale, but remain in the home for until a buyer is found. The program is bein ...
The current housing and economic crisis is attributed to derivative trading conducted by the country’s major banks. Millions of mortgages were bundled into investment pools and traded like stocks. This worked well for banks but things collapsed a ...
The federal government will allow close to 4.5 million homeowners to have their foreclosures reviewed and some of will be eligible for restitution, according to USA Today. Next month the federal government will begin sending out the first round o ...
President Obama will announce a new program to help underwater homeowners. These people owe more on mortgage loans than their houses are worth and often find it difficult to refinance their homes. It often takes a foreclosure attorney to appeal f ...
A new study has found that not only does foreclosure adversely affect your credit, but it can be detrimental to your health. The stress associated with the process can affect both physical and psychological well-being. The study was conducted bet ...
Arizona has been plagued with unemployment and consequently has the highest foreclosure rate in the country. Many of these homeowners utilize foreclosure lawyers to keep their homes, but others look to federal programs for help. But GOP candidate ...
The foreclosure crisis is adversely affecting neighborhoods across the country. Empty homes invite crime and vandalism, which further drives down the value of adjacent homes.
Shortly after 3 pm on Thursday, a Brooklyn judge announced the court would be auctioning off foreclosed homes and was ready to take bids. But instead of receiving bids the court was disrupted by more than a dozen people intent on ...
According to RealtyTrac, the number of people, who received default notices between July and September, rose 14 percent over the second quarter. This means banks are more aggressively pursuing homeowners, who have fallen behind on their mortgage ...
A number of banks began delaying foreclosures last fall once investigations into their foreclosure practices started. And now that they are close to reaching a settlement with the federal government, some of them are resuming foreclosures. HSBC B ...
The National Association of Realtors announced that homes sales rose 7.7 percent in August. In all that equates to a seasonally adjusted rate of 5.03 million homes annually. Homes that were at risk of foreclosure comprised 31 percent of the sales ...
Bank of America has been trying to put its mortgage distresses behind them but a crucial $8.5 billion settlement with investors may play a role in pushing foreclosure rates up.