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Property Foreclosure Lender News

Landmark Interurban Building sold at foreclosure Tuesday, July 19, 2011 @ 10:54AMA California-based partnership took the deed to the loft apartment building at this month's foreclosure auction.
Housing Starts in U.S. Climbed to Five-Month High in June Tuesday, July 19, 2011 @ 8:41AMHousing starts in the U.S. rose more than forecast in June to the fastest pace in five months, led by a surge in work on multifamily dwellings like apartments.
Romney fund-raiser lobbied for foreclosure firm Tuesday, July 19, 2011 @ 2:30AMMitt Romney has spent time on the campaign trail railing against high foreclosure rates, traveling earlier this year to one of the country’s foreclosure capitals, North Las Vegas, to bring the point home.
AP reports that mortgage 'robo-signing' goes on Monday, July 18, 2011 @ 9:42PMLenders say they are working with regulators to fix the problem but cannot explain why it has persisted.
"Robo-signing" of mortgages still a problem Monday, July 18, 2011 @ 7:54PMDespite reform promises, mortgage industry employees still don't read documents they sign, use fake signatures, AP finds
Ilyce Glink: What to do when ‘walking away' from upside-down loan violates principles Sunday, July 17, 2011 @ 12:37AMshare: digg facebook twitter [...] last December, he received word that he did qualify for a loan modification and needed to make three of the lowered payments (in January, February and March) on time and he would receive the “final-final” paperwork. Back in 2008, 2009 and most of 2010, temporary loan modifications were granted with (and sometimes without) a brief look at the documents ...
The Realities of Real Estate: Foreclosure and short sale update Saturday, July 16, 2011 @ 11:41PMIn many parts of Maryland, the housing market is beginning to heal. Especially for the perimeter of Washington, D.C., popular benchmarks like the Case-Shiller Home Price Index have shown consistent improvement for some time now. The D.C. area continues to defy the nation as a whole, recording steady price increases since March 2009. Nevertheless, a robust recovery still remains elusive. The ...
Prium's Pierce County founders borrowed big, lived well and left tenants, contractors in lurch Saturday, July 16, 2011 @ 11:24PMJust five years ago, Tom Price and Hyun Um were a Pierce County success story. Riding the wave of real estate, the two men – with little experience in commercial real estate development – took other people’s money and grew their company with little help. • HOW IT EVOLVED: Pair met while at Central Washington University
Short sale can help avert foreclosure Saturday, July 16, 2011 @ 11:00PMFor homeowners who are upside-down on their mortgage — owing more on the loan than the house is worth — foreclosure isn't necessarily the only option.
Some seniors could end up losing homes with reverse mortgages Saturday, July 16, 2011 @ 11:00PMReverse mortgages, which allow older adults to convert some of the equity in their homes into cash, have been a lifeline for many house-rich, cash-poor seniors struggling to get by.
Public notices for the day of July 11, 2011 Saturday, July 16, 2011 @ 3:04AMPublic notices for the day of July 11, 2011 TRUSTEE'S NOTICE OF SALE Reference is made to that certain Trust Deed made by E. CHERYL COE AND KENNETH D. COE, WIFE AND HUSBAND AS TENANTS BY THE ENTIRETY, as grantor(s), to ABSTRACT AND TITLE CO., as Trustee, in favor of MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., as Beneficiary, dated 08/24/06, recorded 08/30/06, in the mortgage records of Union ...
Royal Gorge defaults on new-housing loan Friday, July 15, 2011 @ 11:01PMA 40-year-old Donner Summit ski resort has defaulted on a $16.7 million loan, leaving a controversial housing proposal in considerable doubt.
FTC Will Not Enforce Provisions of MARS Rule Against Real Estate Professionals Helping Consumers Obtain Short Sales Friday, July 15, 2011 @ 9:07AMThe Federal Trade Commission today issued a statement announcing that it will forbear from enforcing most provisions of its Mortgage Assistance Relief Services (MARS) Rule against real estate brokers and their agents who assist financially distressed consumers in obtaining short sales from their lenders or servicers.
Shopping center lost to lender Friday, July 15, 2011 @ 12:10AMThe Trails Shopping Center -- one of the Volusia-Flagler area's premier high-end retail centers -- is now in the hands of its lender, after its longtime operator was unable to renegotiate its mortgage.
Dublin mill owner signs agreement with lender Thursday, July 14, 2011 @ 9:40PMSP Newsprint Co. LLC, which operates a paper mill in Dublin, has signed an agreement with its lenders that would allow the company to avoid foreclosure.
Mesa shopping center sells for $19.1 million Thursday, July 14, 2011 @ 5:07PMA shopping center at the northeast corner of Southern Avenue and Stapley Drive in Mesa has been sold for $19.1 million. The 211,000 square foot Mesa Ranch Plaza includes a Pro’s Ranch Market and Anna’
Homeowners facing foreclosure could be eligible for up to $36,000 Thursday, July 14, 2011 @ 12:25AMBy Emily Ford eford@salisburypost.com SALISBURY — People in danger of losing their home to foreclosure may qualify for a government program that offers up to $36,000 to help pay a mortgage. “It’s a wonderful program,& ...
Differences among quadruple killings noted by Kenner police Wednesday, July 13, 2011 @ 10:53PMAll were shot in the forehead except for the 12-year-old, who was shot in the back of the head
Home loan modification hard to get, report says Wednesday, July 13, 2011 @ 10:35PMCalifornia homeowners continue to have trouble getting home loan modifications that stick under the Obama Administration's Home Affordable Mortgage Program, according to a report released Tuesday by the California Reinvestment Coalition, a consumer advocacy organization whose members provide foreclosure counseling.
Play Ball Missoula: City could own park with $2M from redevelopment agency Wednesday, July 13, 2011 @ 10:30PMDoes Missoula want a baseball stadium for fans and families?
CDOT seeks deal on Hwy. 24 motel to benefit future road project Wednesday, July 13, 2011 @ 10:21PMBuying a defunct Colorado Springs motel now could save millions of taxpayer dollars in future highway improvements, a state transportation engineer told leaders from 16 nearby cities and counties Wednesday.Hearing that, the Pikes Peak Area Council of Governments' board agreed to let the...
Foreclosed After Bankruptcy? It's Possible Tuesday, July 12, 2011 @ 2:11PMBankruptcy might prevent lenders from coming after you, but they still may come after the property later.
An often illegal sales tactic contributed to housing crash Tuesday, July 12, 2011 @ 1:24PMA study of home purchases during the real estate boom years in Chicago shows how one ethically murky -- and sometimes illegal -- tactic used to sell homes may have contributed to the housing crash. The tactic was inflating the selling price of a home, but offering the buyer some incentive -- often cash back -- to accept the inflated price. The buyer could then use the cash-back for a mortgage ...
Study shows how an often illegal sales tactic contributed to housing crash Tuesday, July 12, 2011 @ 12:52PMA study of home purchases during the real estate boom years in Chicago shows how one ethically murky – and sometimes illegal - tactic used to sell homes may have contributed to the housing crash.
State has few takers for federal money to help homeowners Monday, July 11, 2011 @ 11:00PMPennsylvania has had few takers for $105 million in federal money that is available to help homeowners facing foreclosure. Since April, only 1,400 applications have been submitted to the Pennsylvania Housing Finance Agency and 700 loans totaling $27 million have been approved.
HUD Offers Help To Homeowners Facing Foreclosure Monday, July 11, 2011 @ 6:49PMThe U.S. Department of Housing and Urban Development anticipates a high amount of demand for the program.
Former French Village Apts. Sell for $2.8 Million Monday, July 11, 2011 @ 4:17PM4055 Summer Ave.Memphis, TN 38122Sale Amount: $2.8 million Sale Date: June 30, 2011 Buyer: Grahamwood Place Apartment Community LLC Seller: French Vil...
Hank Broyles Lists Bankruptcy Debt of $19.7 Million Monday, July 11, 2011 @ 12:11PMFayetteville developer Hank Broyles, who filed for Chapter 7 bankruptcy in May, owes a little more than $19.7 million to 28 creditors, according to paperwork filed July 1.
Solon loan officer sentenced to prison for mortgage fraud scheme Monday, July 11, 2011 @ 7:32AMA local loan officer was sentenced recently in federal court to serve 2-1/2 years in prison for her role in a $1.5 million mortgage fraud scheme involving 17 properties throughout the Cleveland area.
Social Networking Gone Wild: Foreclosure via Facebook Monday, July 11, 2011 @ 4:07AMMore and more foreclosure notices are being delivered via the social network.
Delek Real Estate faces UK, German troubles Sunday, July 10, 2011 @ 7:05AMA German bank has appointed a receiver for a building in Mülheim, and in the UK, the company's car parks portfolio faces higher interest rates on its loans.
Let house go or sell too low? Sunday, July 10, 2011 @ 6:43AMDear Real Estate Adviser, I've had my house on the market for three years, starting with a regular real estate agent and lastly, talking briefly with one of those "we buy houses" people who seems a little shady.
Foreclosures gone wrong can haunt unaware homeowners Sunday, July 10, 2011 @ 1:48AMLenders continue to make foreclosure mistakes despite extensive publicity and promises to fix problems.
Bankruptcy filings here seem to be leveling off Sunday, July 10, 2011 @ 12:01AMTucson bankruptcy filings - which spiked in recent years due to tight credit, plummeting housing values and the persistently sluggish economy - may have started to level off.
M&I's dead end Saturday, July 9, 2011 @ 11:26PMWisconsin's once revered M&I Bank took uncharacteristic risks in Arizona's highly volatile real estate market - and then the bubble burst.
Lenders as predators Saturday, July 9, 2011 @ 11:00PMPredators are hunters. Usually, they use stealth and cunning. Often they lure their prey into a killing zone. Sometimes they hunt in packs to bring their prey down and feast off the remains. If a lender makes a collateralized loan in the hope that the borrower will be unable to service the debt and be forced to yield the underlying assets to the lender in a foreclosure settlement, that's ...
Reversal of fortune Saturday, July 9, 2011 @ 11:00PMReverse mortgages will help millions of people stay in their homes and pay for retirement expenses in the coming decades.
What you need to know about reverse mortgages Saturday, July 9, 2011 @ 9:02PMSome sales people aggressively promote reverse mortgages, which allow senior citizens to convert their home equity into cash. But as S. Florida's first reverse mortgage fraud case shows, seniors need to be very careful.
Westin ownership reverts to lenders Saturday, July 9, 2011 @ 8:11AMLenders have taken ownership of the Westin Chicago North Shore Hotel in Wheeling that is engulfed in foreclosure proceedings, said John Weiss, a partner with Chicago law firm Duane Morris LLP representing the lenders' agent. With no other bidders for the property, the lenders on Thursday made a $63 million credit bid for the upscale 412-room hotel at a court-ordered auction, Weiss said.
Stallion Mountain golf course sold for $3.8 million, to reopen soon Friday, July 8, 2011 @ 6:33PMA Colorado management company has bought Stallion Mountain Golf Club for $3.8 million, three years after it was closed by foreclosure. Tartan Golf, which selected OB Sports to manage the course, plans to reopen it within 30 days.
PeopleService watchful of high water levels in Winsted Friday, July 8, 2011 @ 1:57PMWINSTED, MN – Lots of rain this spring has kept PeopleService busy monitoring the high groundwater levels in Winsted. On one occasion, very high water flows at Kingsley lift station caused operational problems, according to Paul Christensen of PeopleService.
Mortgage help is available for Staten Islanders Friday, July 8, 2011 @ 5:51AMNeighborhood Housing Services of Staten Island will help one homeowner get an emergency loan
Residents sound off on changes to Harahan country club Thursday, July 7, 2011 @ 11:00PMMonica Hernandez / Eyewitness News HARAHAN, La. -- Terri Valenti and her husband have enjoyed the view from their home for 25 years. It’s the reason they moved to across the street from Harahan’s colonial golf course. But their view could eventually replaced by 15 acres of commercial property. “The garbage trucks, the garbage dumpsters, the lighting, the lighting will be on all night, it ...
Southland homeowners sue JP Morgan Chase as they face foreclosure Thursday, July 7, 2011 @ 6:34PMA foreclosure sign hangs on a fence in front of a foreclosed home in California.
South Florida seniors targeted in reverse mortgage fraud, officials say Thursday, July 7, 2011 @ 5:11PMThree South Florida mortgage loan officers and a Pennsylvania title agent face federal criminal charges in connection with an elaborate $2.5 million reverse mortgage scheme, the first case of its kind to be prosecuted in federal Southern District Court, officials said Wednesday.
Trinity Place Sells For Third Time In Five Years Thursday, July 7, 2011 @ 4:00PMA Cordova retail center is under new ownership for the third time in five years. Atlanta-based Altus Real Estate Advisors LLC has purchased Trinity Pl...
Staten Island homeowners facing foreclosure can apply for emergency government loan Thursday, July 7, 2011 @ 3:51PMApplications due by 5 p.m. on July 22
Family Sues Bank For Alleged Loan Modification Snub Thursday, July 7, 2011 @ 1:38PMThe Velasco family said despite making an agreement to save their home — which they've owned for over 12 years — the bank plans to auction off the property.
Md. Plan To Deter Foreclosures Works For Some Thursday, July 7, 2011 @ 1:17PMLouise Golden, 79, recently stood at the front door of her tidy brick split-level in Lanham, still shocked to hear the terms of the refinancing agreement she and her now-deceased husband, Stanley, signed in 2006.
Lender Files Foreclosure Suit on Evergreen Plaza Thursday, July 7, 2011 @ 1:07PMJoin the thousands of real estate professionals that subscribe to the Chicago AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insights of industry thought leaders to provide you with market intelligence and a daily business advantage.