Archives
GoFightForeclosure.com Top Five Foreclosure Tactics To Get The Bank To Cancel Foreclosure Sales
Atlanta, GA - August 8, 2011 - (RealEstateRama) -- Gofightforeclosure.com a self help system that shows homeowners defenses to fight home foreclosure and mortgage fraud through tactics how to challenge mortgage notes. Today announced the top five foreclosure tactics to get the bank to cancel foreclosure sales. Citing that bank foreclosures are rarely enforceable because of the lack of security interest.
Obama Administration Releases July Housing Scorecard
WASHINGTON, DC - August 5, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the July edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest housing data offer continued mixed signals as home prices improved slightly but showed continued strain from foreclosures and distressed homes. Also, as more homeowners secure mortgage relief, fewer borrowers entered the foreclosure pipeline in June. The full report is available online at www.hud.gov/scorecard.
DCA Neighborhood Stabilization Program Funding Rehabilitates Properties in Jersey City
JERSEY CITY, N.J. - August 3, 2011 - (RealEstateRama) -- New Jersey Department of Community Affairs (DCA) Commissioner Lori Grifa today joined State Senator Sandra B. Cunningham, Mayor Jerramiah T. Healy, and other officials at the ribbon cutting for 13 affordable housing units in Jersey City that received $1 million in Neighborhood Stabilization Program funds through the DCA. The grant is paid for with federal funds intended to stabilize neighborhoods hard hit by home foreclosures.
Data Mining Made Easy: RealtyTrac Unveils New Web-Based System for Creating Targeted Lists of...
IRVINE, CA - August 2, 2011 - (RealEstateRama) -- RealtyTrac® (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, today unveiled its new bulk foreclosure data search and download tool now known as MEGA Data. This new product gives users the ability to quickly sift through RealtyTrac’s database of more than 2 million foreclosure properties to create targeted lists of distressed homeowners, scheduled auctions and bank-owned properties.
County and State Co-Host Foreclosure Workshop
August 2, 2011 - (RealEstateRama) -- Montgomery County’s Department of Housing and Community Affairs and the Maryland Department of Housing and Community Development will co-host a free workshop on Monday, August 8 from 3 to 8 p.m., to assist those faced with possible mortgage foreclosures. The workshop will take place at the Silver Spring Civic Building, One Veterans Place, Silver Spring
NATION’S TOP BLACK LAWYERS AND JUDGES TO CONVENE AT ANNUAL CONFERENCE IN BALTIMORE
Washington, D.C. - August 1, 2011 - (RealEstateRama) -- Thousands of members of the National Bar Association (NBA), one of the nation's premier legal organizations, will gather in Baltimore, Maryland from July 31-August 4 to attend seminars and forums in conjunction with the organization's 86th annual convention. Commencing with a joint-town hall meeting with the American Bar Association entitled, "The War Against Foreclosures: Combating Foreclosures and the Mortgage Crisis in Communities of Color," the 86th Annual Convention will be the foreground for discussing the nation's top legal, social and economic issues.
84 Percent of U.S. Metros Post Lower Foreclosure Activity in First Half of 2011
IRVINE, CA - July 28, 2011 - (RealEstateRama) -- RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its Midyear 2011 Metropolitan Foreclosure Market Report, which shows that foreclosure activity decreased on a year-over-year basis in 178 out of the nation’s 211 metropolitan areas with a population of 200,000 or more. The report also shows that all top 10 metro areas with the highest foreclosure rates in the first half of the year posted decreasing foreclosure activity compared to the first half of 2010.
Americas Hotel Transaction Volume Up Approximately 180 Percent to $7.4 Billion in First-Half 2011
CHICAGO, IL - July 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle Hotels today reported that the volume of hotel investment transactions that closed in the Americas market in the first six months of 2011 reached $7.4 billion—a robust increase of approximately 180 percent on the same prior-year period. The numbers represent preliminary totals from Jones Lang LaSalle Hotels’ Hotel Investment Highlights Americas report due to be released later this month. The firm’s research tracks hotel asset transactions in excess of $10 million, and excludes note sales, recapitalizations and foreclosures.
Attorney General files suit against California foreclosure consultant
SHELBYVILLE, IN - July 28, 2011 - (RealEstateRama) -- Indiana Attorney General Greg Zoeller was in Shelbyville today to file a complaint against a California-based foreclosure consultant company. According to the lawsuit, homeowners in seven India...
In Cleveland, Brown Joins Homeowner Advocates to Call for Crackdown on Fraudulent Foreclosures
CLEVELAND, OH - July 26, 2011 - (RealEstateRama) -- In the wake of reports that banks and mortgage processors have continued a practice known as “robo-signing”—forging signatures and submitting false affidavits—U.S. Sen. Sherrod Brown (D-OH)...
Ruppersberger to Host Prevention Workshop As Experts Predict Fresh Foreclosure Wave
Joppa, MD - July 26, 2011 - (RealEstateRama) -- As the nation’s foreclosure crisis persists, Congressman C.A. Dutch Ruppersberger (D-MD) announced today his office will host a foreclosure prevention workshop in Joppa on Thursday, July 28, 2011. The workshop will give Maryland homeowners a chance to meet one-on-one with their mortgage lender, servicers and counselors. This is the fourth such workshop Congressman Ruppersberger has hosted since 2010, helping more than 100 families facing foreclosure.
IDX, Inc. makes online searches simple for Bakersfield home seekers
EUGENE, OR - July 26, 2011 - (RealEstateRama) -- IDX, Inc. pleased to announce the addition of Coy Alexander and Kern Foreclosures to the growing number of real estate professionals adopting the modern and efficient IDX Broker software to update their realty websites. With Alexander's partnership with the Bakersfield MLS (BKMLS), thousands of property listings are now available on her website for all of her clients and home seekers to see and search through. Never before has finding the right home online been easier, now that Alexander has changed her real estate website to better suit home seekers in Kern County and the surrounding areas.
Seniors Among Hardest Hit by Foreclosure Rescue Scams; Today’s Launch of the Consumer Financial...
WASHINGTON, D.C. - July 25, 2011 - (RealEstateRama) -- The Lawyers' Committee for Civil Rights Under Law applauds today's launch of the Consumer Financial Protection Bureau (CFPB). To mark this momentous date in the fight for consumer protections, the Lawyers' Committee released an issue brief on the severe impact of the ongoing foreclosure rescue scam crisis on older Americans. Scammers are preying on distressed homeowners by offering much-needed foreclosure counseling or loan modification assistance for a fee, yet failing to deliver any results-or refunds-in the end.
Short-sale process broken, pushing Central Valley families into foreclosure, REALTOR® survey shows
FRESNO, CA - July 22, 2011 - (RealEstateRama) -- More than half of Central Valley REALTORS® characterized closing short-sale transactions as “difficult” or “extremely difficult,” according to a Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The survey gauges REALTORS®’ experience working with lenders in their most recent transaction. The majority of those surveyed dealt with short-sale transactions – transactions in which the lender or lenders agree to accept less than the mortgage amount owed by the current homeowner.
Congresswoman Waters Leads Colleagues in Calling for Bank Accountability for Foreclosure Practices
Washington, DC - July 21, 2011 - (RealEstateRama) -- Congresswoman Waters (CA), Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises, today led 11 of her colleagues in the House of Representatives urging U.S. bank regulators to publicly release information regarding the steps that mortgage servicers are taking to prevent illegal foreclosure practices. An identical letter was sent by U.S. Senator Robert Menendez (NJ), Chairman of the Senate Subcommittee on Housing, Transportation, and Community Development, and nine additional Senators.
Sen. Menendez and Colleagues Urge Transparency in Foreclosure Practices
WASHINGTON, DC - July 20, 2011 - (RealEstateRama) -- In the wake of recent allegations that illegal foreclosure “robosigning” by banks is still rampant, U.S Senator Robert Menendez (D-NJ), Chairman of the Senate Subcommittee on Housing, Transportation, and Community Development, and nine additional Senators sent a letter today to the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation urging the agencies to publicly release information regarding each mortgage servicer’s performance to prevent illegal foreclosure practices. An identical letter was sent by Rep.
Foreclosure Fairness Act Takes Effect July 22, Washington Is Third Non-Judicial Foreclosure State To...
OLYMPIA, WA - July 19, 2011 - (RealEstateRama) -- The Washington State Foreclosure Fairness Act Mediation Program begins Friday, July 22. The program, a result of bipartisan legislation (SSHB1362, Chapter 58, Laws of 2011 (PDF)*) during the 2011 sessio...
Visionary Apps’ Complete Foreclosures App Now Exclusively Powered by RealtyTrac® Data
HARTLAND, WI - July 19, 2011 - (RealEstateRama) --Visionary Apps LLC (www.visionaryapps.com), creators of innovative smart-phone and tablet tools that aim to improve people’s lives, today announced that its popular Complete ForeclosuresSM application (app) for the iPhone and iPad is now exclusively powered by data from RealtyTrac® (http://www.realtytrac.com/), the leading online marketplace of foreclosure properties. One of the many new features is the RealtyTrac® Single Property Details Purchase feature which will allow Complete Foreclosures to offer full details on EVERY listing, whereas before some of the property listings only had partial details.
HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR PUERTO RICO STORM VICTIMS
WASHINGTON, DC - July 19, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the Commonwealth of Puerto Rico and provide support to homeowners and low-income renters forced from their homes following severe storms, flooding, mudslides, and landslides in May and June.
PCCP Provides Senior Loan to Finance the Acquisition of Three Bank-Owned Class A Office...
SAN FRANCISCO, CA - July 19, 2011 - (RealEstateRama) -- PCCP, LLC provided a senior participating loan to Basin Street Properties to finance the REO acquisition of Sequoia Center, a three-building Class A office property totaling 210,000 square feet. The buildings are located within the desirable Redwood Business Park, a 1.1 million square-foot master-planned business park in Petaluma, Calif. Sequoia Center was vacant at the close of escrow, however a 96,000-square-foot lease has been signed with Enphase Energy which will bring the occupancy up to 46 percent by the end of 2011. The property includes a three-story building built in 1998 located at 1400 North McDowell Blvd., a three-story building built in 2000 located at 1420 North McDowell Blvd., and a four-story building built in 1999 located at 5341 Old Redwood Hwy.