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

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

Former owner of foreclosure rescue business gets 14 years for stealing borrowers' homes, equity

The former owner of a California foreclosure rescue business will spend the next 14 years in prison after admitting in court that he used the business to steal struggling borrowers’ homes during the h... read more

Beware of the con

Boom or bust, real estate is ripe fodder for scams, be it skimming equity from the homes of unsuspecting owners or charging bogus fees for promising to rescue cash-strapped borrowers from foreclosure ... read more

County home foreclosures surge, likely to be high for months, years

The number of Clark County houses in foreclosure surged to 553 in August, an 88 percent rise over last year ... owner of the Vancouver appraisal firm Riley & Marks. In the meantime, high unemployment ... read more

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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

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

Urban Partnership Bank unloading mortgages on South and West sides

Eight years ago, as the foreclosure crisis was looming, ShoreBank mounted an ambitious campaign to refinance thousands of mortgages for borrowers ... rescue effort. The loan package totals $154 millio... 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

Why CNN reported 'Slavery's Last Stronghold'

(CNN) - On Sunday, CNN Digital released a special report called "Slavery's Last Stronghold." It focuses on current ... an abolitionist group in Mauritania that was founded by a former slave owner and ... read more

Girl in the Shadows: Dasani’s Homeless Life

This would be a pivotal year of ... repurposed the former hospital into a shelter for families. This was the dawn of the period known as “modern homelessness,” driven by wage stagnation, Reagan-era cu... read more

Obama Seeks More Help for Homeowners

"No one will ever doubt that this former Army chief of staff has the courage to stand up for our troops and our veterans. No one will ever question whether he will fight hard enough to make sure they ... read more

Housing Plan: The Virtues of Moderation

The plan’s solution is to subsidize private lenders to renegotiate the terms of mortgages so that borrowers will pay no ... One danger of keeping people in homes where they have no equity is that thes... read more

Obama’s Housing Plan: Who Will Benefit?

“It will not rescue the unscrupulous or irresponsible,” Mr. Obama said. “And it will not reward folks who bought homes they knew from the beginning ... many of the subprime loans at the heart of the f... read more

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