Archive for June 11th, 2009

Federal aid to refurbish foreclosed Freeport homes
Newsday, NY
BY LAURA RIVERA | laura.rivera@newsday.com Freeport Village, among the Long Island communities hardest hit by the foreclosure crisis, will soon see $1 million of federal aid to fix boarded-up houses - and help first-time home buyers move into them.

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Straits Times
Foreclosures jump nearly 90 percent in Oregon
Bizjournals.com, NC
The number of Oregon properties with foreclosure filings jumped 89.8 percent since May 2008, giving Oregon the 12th-highest foreclosure rate in the country, according to new data from RealtyTrac. The state posted 3067 foreclosure filings — including
Video: In-Depth Look - Foreclosures Exceed 300,000 - Bloomberg Bloomberg
Foreclosures fall in Florida, but Orlando rate rises Orlando Sentinel
Maine foreclosures rise slightly in first quarter Bangor Daily News
BusinessWeek - Washington Post
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Phoenix home sales rise, foreclosure percentage falls
Bizjournals.com, NC
While the number of home sales continues to rise in the Phoenix area, the percentage of foreclosure sales is dropping. Arizona State University Realty Studies department reported 9980 home resales in May, up slightly from the 9100 recorded in April.
Foreclosure activity slows in May for greater Phoenix resale market Arizona State University
AZ ranked fourth in May foreclosures KTAR.com
Cape-Fort Myers area foreclosures down in May Cape Coral Daily Breeze
Michigan Radio - KTAR.com
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The Associated Press
Weak job market may crimp spending, slow recovery
The Associated Press
That will likely keep foreclosures elevated into 2010. Foreclosure filings fell 6 percent in May from April, RealtyTrac Inc. said Thursday. More than 321000 households received at least one foreclosure-related notice last month, 18 percent more than a

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Foreclosed Hollywood Station condo units to be sold
Bizjournals.com, NC
The developer of the Hollywood Station condominium has lost an $11.9 million foreclosure judgment to PB Capital Corp., which has the right to seize the 84 unsold units. New York-based PB Capital Corp. won the judgment on May 27 in Broward County

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The Associated Press
Neighbors are forcing neighbors into foreclosure
The Associated Press
Among those who have been threatened with foreclosure is Lacey Pilat, who lost her job catering lavish corporate parties and nearly lost her two-story house

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Lauderdale Lakes office building faces foreclosure
Bizjournals.com, NC
Miami-based firstbank Florida has filed a foreclosure action against Lauderdale Lakes Office Corp., of Pinecrest, and President Marie-Christine Pham. The lawsuit, filed on June 3 in Broward County Circuit Court, is based on a mortgage made in 2005 for

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KTLA
UPDATE: Publicist says Ed mcmahon is not facing foreclosure. Thank
Los Angeles Times
Nor is he 'fighting foreclosure,' as he has a gracious and kind mortgage holder. He is fighting to regain his health in a local hospital.
Ed mcmahon faces eviction as $5-million home goes into foreclosureThe Envelope
Report: Ed mcmahon Facing Eviction, House Being SoldFOXNews
Ed mcmahon's Beverly Hills home not in foreclosure, publicist saysLos Angeles Times

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Seaview Park Club faces foreclosure
Bizjournals.com, NC
The owner of the Seaview Park Club multifamily development in Boynton Beach faces a foreclosure lawsuit from Wachovia Bank. The complaint was based on a mortgage last modified at $40 million in February 2008 that covered both the 64-unit Seaview Park

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Kendall's Rivendell development faces foreclosure
Bizjournals.com, NC
TotalBank has filed a $12.2 million foreclosure lawsuit against the developer of the Rivendell single-family home project in West Kendall. The Miami-based bank filed the foreclosure action on June 9 against Miami-based Crestview II, Marsol One LLC and

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