BiggerPockets Bulletin » Foreclosures

Feds Announce $25B Foreclosure Deal

Government officials announced a record $25 billion settlement with the five biggest banks related to foreclosure abuses including "robo-signing" of documents.

Tagged as: foreclosure, mortgage, banks, deal, justice, department, Wells Fargo, Bank of America, business news, moneyscope, financial news, money, stock quotes, stocks, investing, abcnews, abc news, abc news online, abcnews online, online news

Mortgage settlement could bring billions in relief

Regulators, banks and states attorneys general are hoping to wrap up a possible mortgage settlement deal to help homeowners by this week.

Tagged as: housing, obama, residential, foreclosures, foreclosure, mortgages, mortgage meltdown, housing and urban development, real estate, homeowners, regulators, attorneys general, states, big banks, mortgage settlement, mortgage servicing, hud, fbi, doj, justice, mortgage fraud, financial crimes, schneiderman

DocX Faces Foreclosure Fraud Charges in Missouri

The charges against DocX, which provided home foreclosure services to lenders across the nation, are one of the few criminal actions to follow reports of widespread improprieties against homeowners.

Tagged as: Forgery

How 'Shadow Inventory' Is Killing the US Housing Mkt

Recently, there have been lots of positive signs coming out of the real estate market. Foreclosure rates are down, housing starts are up, and homes have appreciated in value in some markets for the first time since 2006.

Tagged as: economy, case-shiller, foreclosures

A foreclosure deal worth taking

A foreclosure deal worth taking

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Florida remains undecided in foreclosure deal

Florida is among a handful of key states that remains undecided whether it will ...

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American Foreclosure Bottoms at Atlanta Tower Auction

The U.S. foreclosure crisis has risen to new heights.

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Mortgage servicing talks could yield foreclosure settlement

Regulators, banks and states attorneys general are hoping to wrap up a possible mortgage settlement deal to help homeowners by next week.

Tagged as: mortgage servicing, mortgage meltdown, mortgages, foreclosure, foreclosures, residential, real estate, obama, financial crimes, schneiderman, mortgage fraud, justice, doj, fbi, hud, housing and urban development

Home Seizures May Jump 25% as U.S. Foreclosures Resume

Banks may seize more than 1 million U.S. homes this year after legal scrutiny of their foreclosure practices slowed actions against delinquent property owners in 2011, RealtyTrac Inc. said.

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Initial foreclosure filings fall 11.9% in fourth quarter

Initial foreclosure filings fall 11.9% in fourth quarter

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A Deal on Foreclosures Inches Closer

About one million homeowners facing foreclosure could have their mortgage burden cut by about $20,000 each as part of a long-awaited deal.

Tagged as: Banking and Financial Institutions, United States Politics and Government

California hotel foreclosures jump in 2011

California hotel foreclosures jump in 2011

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Sound Advice for Buying a Foreclosure

Foreclosures present a big bargain for anyone with cash to spare at the moment. But while there's money to be made, people need to be careful when buying a foreclosure to make sure they get value for money

Tagged as: bank-owned property, buying a foreclosure, buying foreclosures, federal housing administration section 203(k) program, foreclosure buying, foreclosure transaction, realtytrac, title search, mortgage, news, real estate, residential

Top 100 U.S. zip codes hit hardest by foreclosures

Neighborhoods boasting modern homes, cul-de-sacs and tree-lined streets in and around Western cities now dominate the list of the top 100 U.S. zip codes hit hardest by foreclosures, according to RealtyTrac.

Tagged as: foreclosures

Foreclosure Settlement between Banks and Government

Underwater homeowners are set for a reprieve after officials announced that a foreclosure settlement between the government and major banks had almost been agreed

Tagged as: settlement talks, mortgage principle, lenders, foreclosure settlement, foreclosure abuses, citigroup, u.s. conference of mayors, mortgage, news, real estate, residential

Foreclosure reviews to take longer than expected

A government-ordered review of foreclosure cases for errors could take months longer than regulators expected last year.

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Foreclosure “Squatters” Goad Lenders and Stand Pat

Mortgage lenders are being taken for a bumpy ride as growing numbers of delinquent borrowers fight foreclosure and find ways to game the system.

Tagged as: robo-signing, mortgage lenders, delinquent borrowers, housing crisis, Rick Sharga, mortgage industry

Oregon AG Warns of Foreclosure Review Scam

Oregon Attorney General John Kroger has issued a public warning to consumers in the state to be on the lookout for scammers portending to offer independent foreclosure reviews as part of the mandate to major mortgage servicers issued by the OCC an...

Tagged as: federal, process, review, independent, foreclosure, office, consumers, issued, warning, received, state, program, government, krogers, financial, letter, request, mortgage, reviews, servicers, oregon, borrowers

Las Vegas real estate and the lower priced market

With median home prices around $100,000 they now reflect the reality of a lower paying service sector economy. Foreclosures and short-sales make up over 70 percent of all sales activity

Tagged as: las vegas, foreclosures, las vegas real estate, las vegas reos, nevada, short sales

Vacant Foreclosures Saddle Local Communities With High Costs

A study from the Government Accountability Office (GAO) found that vacant properties rose 51 percent over the span of a decade, from nearly 7 million in 2000 to 10 million in April 2010. Ten states saw vacancies go up by 70 percent or more as a re...

Tagged as: local, percent, properties, managing, numbers, officials, foreclosures, maintenance, million, addition, communities, result, cities, vacancies, servicers, costs, foreclosure, governments, property, vacant