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Foreclosures fall to lowest level since 2007

joelc — Thu, 17 May 2012 15:50:00 GMT

Foreclosures fall to lowest level since 2007 By Les Christie, CNN Money, May 17, 2012 NEW YORK — Foreclosure filings in April fell for the third straight month to the lowest level since July 2007. Will Short Sales Finally Save the Housing Market...(read more)

Barclays Advocates Short Sales to Lower Loss Severities

joelc — Tue, 15 May 2012 17:12:00 GMT

Barclays Advocates Short Sales to Lower Loss Severities By Carrie Bay, DSNews, May 15, 2012 With vacant homes stretching the capacity of banks’ balance sheets and homebuyer demand lackluster at best, short sales are becoming a top loss mitigation...(read more)

NY home loan court filings still marred

joelc — Mon, 14 May 2012 17:18:00 GMT

NY home loan court filings still marred By Catherine Curan, New York Post, May 12, 2012 Foreclosure-mill attorneys are routinely breaking the law and clogging New York courts with unresolved cases, an explosive new study shows. Top Fla. Court Hears Landmark...(read more)

Foreclosure-aid funds should be used as intended

joelc — Tue, 08 May 2012 17:41:00 GMT

Foreclosure-aid funds should be used as intended Editorial, Arizona Daily Star, May 8, 2012 Arizona has been ground zero of the foreclosure crisis for five years. 5 Steps to Buying at Foreclosure Auction By Daren Blomquist, RealtyTrac Vice President,...(read more)

Occupy Bernal succeeds in stalling foreclosures

joelc — Mon, 07 May 2012 16:48:00 GMT

Occupy Bernal succeeds in stalling foreclosures By C.W. Nevius, San Francisco Chronicle, May 5, 2012 An organization founded by a porn performer, a Summer of Love radical, and a guy named Stardust Darkmatterji, is challenging the eviction of homeowners...(read more)

Efforts under way to improve short sale process as alternative to foreclosure

joelc — Fri, 04 May 2012 16:32:00 GMT

Efforts under way to improve short sale process as alternative to foreclosure By Yvonne Wenger, The Baltimore Sun, May 4, 2012 Housing experts say homeowners can wait as long as nine months to get approval to sell their home as a short sale, and efforts...(read more)

Foreclosure reform bill passes

joelc — Thu, 03 May 2012 18:26:00 GMT

Foreclosure reform bill passes By 67AM KPUA News, May 2, 2012 In a released statement, state lawmakers announced that House Bill 1875 HD2 SD2 CD1, which amends the mortgage foreclosure law to provide additional protections for Hawaii’s homeowners...(read more)

Foreclosure call a win for homeowners

joelc — Wed, 02 May 2012 18:25:00 GMT

Foreclosure call a win for homeowners The Daily Progress, May 2, 2012 In a victory for the average homeowner, the Virginia Supreme Court recently threw out foreclosure proceedings against a Lovingston-area couple and sent the case back to be reheard....(read more)

South Florida cities target bad-neighbor banks with desperate tactics

joelc — Tue, 01 May 2012 16:13:00 GMT

South Florida cities target bad-neighbor banks with desperate tactics By Megan O’Matz and John Maines, Sun Sentinel, April 30, 2012 Citizens and cities across South Florida are fighting back, using increasingly desperate methods against the banks...(read more)

Neighborhoods crumble as thousands of homes sit in legal limbo, Sun Sentinel finds

joelc — Tue, 01 May 2012 16:08:00 GMT

Neighborhoods crumble as thousands of homes sit in legal limbo, Sun Sentinel finds By Megan O’Matz and John Maines, Sun Sentinel, April 29, 2012 Banks that made reckless home loans have been tiptoeing away from foreclosures in a tactic designed...(read more)