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...

Originaly by Billy Shields: Miami-Dade Circuit Court judge discovered more than 15,000 foreclosure cases filed this year haven’t been served. It’s the latest shoe to drop in a foreclosure crisis garnering nationwide attention, and an unwelcome discovery in the face of state budget cuts that produced...

Originialy By Mary Kane: Brokers Pushed Borrowers to Lie, Lenders Misled and Ratings Agencies Looked the Other Way The debate over what caused the mortgage mess and how best to fix it is now taking a sharp turn, as new problems surrounding liar’s loans and payment-option mortgages reveal the pervasive...

Originaly By Mary Kane: For neighborhoods fighting the blight and deteriorating property values caused by foreclosed properties that banks abandon or unload on speculators, this is big news: A housing court judge in Cleveland has ordered Wells Fargo to clean up the foreclosed houses it owns in Cleveland. In...

Federal Trade Commission Release: At the request of the Federal Trade Commission, a federal court has halted a bogus mortgage foreclosure prevention operation that misrepresented both the “loss mitigation” services it offered and the earnings potential of the business opportunity it sold. The FTC...

When banks file foreclosure actions, one lawyer shows that the banks can’t prove they really own these loans at all, with April Charney, legal aid and Dan Mitchell, Cato Institute.

FORT MYERS, Florida (CNN) — With eyes tearing, some stare off into space. Others sit quietly with an expressionless pain as they wait for the inevitable. When you are called before this court, it’s the end of the line. You are about to lose your home. This is foreclosure court in Fort Myers,...

Originaly by CBS13: SACRAMENTO (AP) ― California is imposing a 90-day moratorium on housing foreclosures under a new law that takes effect Monday. The law is expected to make lenders try harder to keep borrowers in their homes. Loan companies must prove they tried to modify the delinquent loans...

Originaly By MICHAEL POWELL New York Times: As she describes it, Beth Jacobson and her fellow loan officers at Wells Fargo Bank “rode the stagecoach from hell” for a decade, systematically singling out blacks in Baltimore and suburban Maryland for high-interest subprime mortgages. These loans, Baltimore...