Currently Browsing: Foreclosure

Snapshot of a Foreclosure Crisis

Originaly by: Responsible Lending The magnitude of foreclosures and associated costs are daunting; the numbers tell the story. 1. Number of loans already lost to foreclosure 1.5 million 2. Projected foreclosures on all types of loans during the next 5 years 13 million 3. Portion of all homeowners late...

New Twist on Foreclosure Fraud

The United States District Attorney for Queens, New York, Richard A. Brown, announced in a press release last month that Harry Coumnas, age 50, has been indicted for second degree attempted grand larceny, second – degree criminal possession of a forged instrument and other charges related to his involvement...

Compliance issues are stopping foreclosures

Homeowners that are delinquent on their property mortgages are attempting to stop mortgage servicers from foreclosing on them by citing compliance mistakes, lost documentation and predatory lending. An attorney in California has boosted about his success in halting mortgage lenders from foreclosing...

San Antonio Woman received 29 years for Fraud

The United States Acting Attorney for the Western District of Texas, John E. Murphy announced in a press lease on September 11 that Rosario Divins has been charged with twenty nine year and one month in federal prison for defrauding individuals by representing herself as a foreclose prevention specialist....

Minister fights to save home from foreclosure

Forest Park, Oklahoma Reverend Horace Scott and his wife Michelle are fighting to keep their home of fourteen years. The Scotts are in a catch twenty two of mortgage mess brought on by Countrywide’s’ predatory lending practices. Scotts are not along in this situation and their story is just one of...

Catholic Priest assists Hispanic Homeowners from Imminent Foreclosures

Rev. John Lasseigne, Priest at Mary Immaculate Church never believed his calling to become a priest throughout his years in college to be a lawyer would ever amount to this. Lasseigne had debated through college and law school if he should become a priest and too many of his Spanish speaking flock they...

Modifications VS Foreclosures

The Obama Administrations plan to help consumers from losing there homes to foreclosure has been genuinely effective in assisting approximately two hundred thousand homeowners. The first half however of 2009 alone has brought on nearly one point eight million in foreclosures across the country. Mortgage...

BofA wording may cause more foreclosures

BofA wording may cause more foreclosures
Originly by Kirsten Grind: When her Edmonds condo went on the market, Mindy Moore thought she had managed to avoid foreclosure. Moore listed the home in Edmonds for about $30,000 less than she owed on the mortgage. She thought the “short sale” agreement signed with the bank meant the bank would absorb...
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