Archive for July 1st, 2009

Sprewell faces foreclosure on Milwaukee home
Milwaukee Journal Sentinel
His yacht was ordered sold in 2008 after he fell behind on payments, and lenders have foreclosed twice on another home he owns in River Hills.

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With Loan Default, Watergate Hotel at Risk of Foreclosure
Washington Post
The Watergate Hotel is headed for foreclosure unless the lender agrees to new terms with Washington developer Monument Realty, officials with
Monument defaults on $69.8M Watergate loanBizjournals.com

all 5 news articles »

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Mortgage foreclosure filings up again in June
Milwaukee Journal Sentinel
Foreclosures jumped in Milwaukee County last month, while statewide they essentially maintained their recent elevated

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Nevada To Get Foreclosure Help Funds
Fox5 KVVU
LAS VEGAS — Nevada legislators are getting help from the federal government to try to rehabilitate local areas affected by the foreclosure crisis.
HUD Secretary to tour Merced foreclosure areasFresno Bee

all 28 news articles »

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Expanded foreclosure help available to homeowners
KVBC
When it comes to foreclosures, Nevada is number one. It's a dubious distinction our state just can't seem to shake. But the federal government is trying to
HUD Allows 125% LTV in Home Affordable RefisHousing Wire
Hawaii Awarded $9.8 Million in Stimulus Funds to Assist Affordable RealEstateRama
NY awarded $253M through housing tax credit programAlbany Business Review
Examiner.com -WQAD -Bayou Buzz
all 57 news articles »

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Nevadans facing foreclosure will be able to request mediation
Reno Gazette Journal
Under the program, “a homeowner who receives a foreclosure notice can request the opportunity to sit down with the lenders and a trained mediator and
Lack of Knowledge Adds to WoesThe Ledger
Nev. court oks rules for foreclosure programMSN Money
Court oks Rules For Foreclosure ProgramCBS 5

all 33 news articles »

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Bad loans suck Concord into foreclosure crisis
San Jose Mercury News
But it's still stuck with nearly a dozen bad home loans, mostly because of the foreclosure crisis. This year the city wrote off $225308 in loans it made to

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Plans for DeKalb amusement park end in foreclosure
Atlanta Journal Constitution
The property has entered the foreclosure process and is scheduled to be auctioned off next Tuesday. The forced sale promises to end a wild ride for the

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Reuters
Foreclosure lawsuits on rise in Summit
Akron Beacon Journal
Many lenders have been more willing to work with homeowners to avoid foreclosure, especially if borrowers are employed, experts said.
Foreslosure program still going strongPhiladelphia Metro
Philadelphia program saves 60 pct homes from foreclosureReuters
1400 homes avoid foreclosures in PhiladelphiaCBS 21
Sarasota Herald-Tribune
all 39 news articles »

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Las Olas Riverfront foreclosure sale set
Bizjournals.com
On June 24, Madeleine LLC, an affiliate of New York-based Cerberus Capital Management, secured a $23 million foreclosure judgment against Las Olas

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