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Former Owner Of Foreclosure Rescue Business Gets 14 Years For Stealing Borrowers Homes Equity - Latest News

Fixing the foreclosure ‘mess’

At least 30 bills were introduced this year to attack the problem on a variety of levels — from imposing a moratorium on repossessing homes ... advocate and former state senator. "We are up against so... read more

Frustration rises over mortgage relief program

Nearly two years after the ... Frustration with mortgage relief efforts also has led desperate homeowners to fall victim to a variety of foreclosure "rescue" scams. Since April, the Federal Trade Comm... read more

Special Report - Flipping, flopping and booming mortgage fraud

She provides an underwriter’s-eye-view of one property, on the 51st block of South Marshfield Avenue, sold in foreclosure in July 2009 for $33,000. In January of this year ... the owner of these house... read more

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Con artists circle over homeowners on the edge

The Better Business ... year. Preying on the victimized Two months ago, Massachusetts Attorney General Martha Coakley permanently banned foreclosure-assistance companies from taking title of homes and ... read more

Kalamazoo Co. officials say home foreclosure is out of their control after woman’s property tax mistake

It said when it comes to paying property taxes an owner has three years until a missed payment will make ... AMCT also suggests if a homeowner gets notice of foreclosure, that they act on it before an... read more

Thou Shalt Not Covet They Neighbor’s Reassessment

So if you’re the owner of 88 Undercliff Road in Montclair, whose assessed property value went down 24 percent in the latest reassessment, you might be a little envious of your neighbor at 126 Undercli... read more

Affordable Housing Program Costs More, Shelters Fewer

"It gets ... years-long waiting lists. Banks also use the investment in LIHTC buildings toward the requirement mandated by the Community Reinvestment Act, which says they must help meet the needs of b... read more

When Will the U.S. Economy Turn Around?

FROM CNN’s Jack Cafferty: News on the economy just keeps getting worse. We're officially in a recession, unemployment filings are at a 26-year high and more layoffs are reported every day. No one real... read more

New law has stalled, not stifled, foreclosures

Banks have stopped filing new foreclosure notices in Nevada ... executive director of the Legal Aid Center of Southern Nevada and former Democratic speaker of the Assembly. “I assume when they put the... read more

How the U.S. Housing Market Can Save the U.S. Economy

Will last for only 10 years. And will have to lend at prevailing rates based ... the way for other private-mortgage-money investors and syndicators to get into the business and compete profitably. The ... read more

Finally, the Rich Are Getting Their Fair Share: Manhattan Condo Dwellers Line Up For FHA Subsidies

Note that a low equity stake correlates with default more highly than any ... and finally defaulted earlier this year. But for prospective New York condo defaulters there's even more good news. A New ... read more

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