Archive for September, 2009

State bar head urges lawyers: prevent foreclosures
Youngstown Vindicator
YOUNGSTOWN — More lawyers should volunteer their time in foreclosure cases to help people stay in their homes, the president of the

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Are Distressed Homes Worth It?
Wall Street Journal
So far this year, there have been nearly 411000 sales of US properties in some stage of foreclosure, according to RealtyTrac, which publishes a national

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Melrose foreclosed, vacant property law remains a work-in-progress
Melrose Free Press
Wright noted that the program's Web site lists already-approved and currently proposed ordinances regarding vacant and foreclosed properties from

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Nearly 1M bank foreclosures in progress
Bizjournals.com
Nearly 1 million homes nationwide are in the process of foreclosure, according to a report Wednesday from the US Department of the Treasury covering banks

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US Senators Introduce Foreclosure Rescue Legislation
Wall Street Journal
The legislation comes amid growing frustration with the pace of lender and government efforts to help people avoid foreclosure. Job losses have also taken
Senate Democrats Offer Measure Limiting ForeclosuresBloomberg
New Bill Will Force Modifications and Restrict ForeclosuresHousing Wire
RI Sen. Reed introduces bill to curb foreclosuresProvidence Journal
ENC Today -Forbes
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Senate Democrats Offer Measure Limiting Foreclosures
Bloomberg
The proposal would establish new penalties and would let borrowers overturn foreclosures if lenders fail to comply. It would also place new limits on fees

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Boston Globe
Lenders more generous with loan mods
Inman.com
Foreclosure starts were up 28 percent from a year ago, but loan modifications and repayment plans were up more sharply — 74.8 percent.
Lenders 'forgive' homeowner debt more oftenOCRegister
Homeowners in financial trouble often redefaultThe Associated Press

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MyFox Phoenix
Foreclosure may have sparked fatal clash with police
AZ Central.com
30, 2009 11:39 AM Anger over his home's apparent foreclosure may have led a 64-year-old man to fire at the home's new owners and at officers before he was
Man who lost home in foreclosure shot by policeKSWT-TV

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Banco Popular sells 98-unit foreclosure bid on Cynergi condo
Bizjournals.com
Banco Popular North America has sold its $30.6 million foreclosure bid on 98 units in the Cynergi condominium project in Miami to a Venezuelan investment

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Centenary Tower foreclosure delayed again
Bizjournals.com
For the second time in a week, the foreclosure on Centenery Tower in St. Louis has been delayed. The vacant apartment building is located in the top seven

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