Back from foreclosure to homeownership
When Jennifer Anderson’s family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners. But less ...
Mortgage delinquency rate hits four-year low
The delinquency rate on U.S. home mortgages fell in the first quarter to the lowest level since 2008, though the share of homes in the foreclosure process inched higher, an ...
BofA offering up to $30K for short sales
NEW YORK (CNNMoney) — Bank of America is offering some struggling home owners payments of up to $30,000 if they sell their homes in a short sale and avoid ending ...
Logjam in foreclosure filings breaking up
Now that the $26 billion robo-signing settlement is in place, banks should be more free to pursue foreclosures again. NEW YORK (CNNMoney) — There is more evidence that the foreclosure ...
How our home was saved from foreclosure
The Vallejos got a last-minute foreclosure reprieve from Bank of America. NEW YORK (CNNMoney) — Tamera Hewlett-Vallejo and her husband, Tom, came within a whisker of losing their Sacramento, Calif., ...
‘How our home was saved from foreclosure’
The Vallejos got a last-minute foreclosure reprieve from Bank of America. NEW YORK (CNNMoney) — Tamera Hewlett-Vallejo and her husband, Tom, came within a whisker of losing their Sacramento, Calif., ...
Inside the foreclosure factory, they are working overtime
A foreclosure sign sits in front of a home. Errors are being made in the process that lead lenders to foreclose on homes. By John W. Schoen, Senior Producer In ...
Short sales to surge this year
NEW YORK (CNNMoney) — Short sales are rising sharply, offering many struggling home owners a better alternative to foreclosure in many of the nation’s hardest hit states. In short sale ...
Inside the foreclosure factory: Pushing the files
A foreclosure sign sits in front of a home. Errors are being made in the process that lead lenders to foreclose on homes. By John W. Schoen, Senior Producer In ...
Underwater owners get promise of help
(MONEY Magazine) — If falling prices have left you with a mortgage larger than your home’s value, you may soon be able to refinance at a lower rate. To settle ...
Rents rise while property values continue to fall in the United States
Median residential property rents in the United States increased 2% from February 2011 to February 2012, but home values continued to fall, declining 4.5% during that period, according to the ...
Court approves $26 billion foreclosure settlement
NEW YORK (CNNMoney) — A federal judge approved the $26 billion settlement deal reached between the nation’s five largest mortgage lenders and the attorneys general of 49 says and the ...
Celebrity real estate: Rosie lists, ‘Laguna Beach’ foreclosure
The latest news in celebrity real estate is that Rosie O’Donnell is back in the real estate game, selling her Florida mansion and reality star Kristin Cavallari’s family home has ...
New foreclosure wave to hit ‘everyday’ borrowers
Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across ...
NYT: Fed may fine firms not part of foreclosure deal
Federal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate or forged ...
The $26 billion crapshoot
Homeowners hoping the $26 billion foreclosure abuse settlement would mean huge savings on their mortgages were mostly disappointed. Even though a million borrowers will have their principals slashed by as ...
BofA: Families facing foreclosure can rent
Bank of America’s pilot program would let families facing foreclosure rent their homes. NEW YORK (CNNMoney) — Bank of America has announced a program that will let home owners facing ...
BofA to offer rentals as foreclosure alternative
NEW YORK — Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes ...
Banks Stonewalled Probe Of Foreclosure Practices: Housing Agency
Big banks may have worked out a $25 billion settlement over foreclosure practices, but a U.S. government watchdog stated they did not make it simple for investigators. The Department of Housing ...
Multi-million dollar foreclosures
Located in “the Gold Coast of Orange County,” this impressive home with views of Catalina Island and the Pacific Ocean fell into foreclosure in 2010, the same year it was ...
The other foreclosure settlement
Millions of borrowers who suffered financial losses from foreclosure abuse now have two ways of getting compensated. NEW YORK (CNNMoney) — Millions of borrowers who suffered financial losses because their ...
Rampant Foreclosure Abuses Suspected Across U.S.
(REUTERS) – A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials ...
The foreclosure crisis, Beverly Hills-style
BEVERLY HILLS — The careworn house not far from Santa Monica Boulevard resembles millions of other homes that have been foreclosed on since the calamitous U.S. housing crash four years ...
Fewer home owners missing mortgage payments
NEW YORK (CNNMoney) — The mortgage meltdown that began five years ago appears to be reversing course as the percentage of loans that fell into delinquency slowly returned to normal ...
What the foreclosure settlement means for you
Homeowners who lost their homes to foreclosure could be eligible for a small award of up to $2,000 as part of the settlement deal. NEW YORK (CNNMoney) — The nation’s ...
Foreclosure Settlement: Is it Too Little? Top Negotiator Defends Deal
The long-awaited $26 billion nation-wide settlement on banks’ abusive foreclosure practices was announced to fanfare Thursday. The government officials who negotiated the settlement the Department of Justice, Housing and Urban ...
Homes in foreclosure decline by 130,000
NEW YORK (CNNMoney) — Slowly, but surely, the foreclosure crisis seems to be abating. The number of homes in foreclosure shrunk by 130,000, or 8.4%, in 2011, according to a ...
Big foreclosure servicer indicted for ‘robo-signing’
In one of the first criminal prosecutions in the post-housing bust era, DocX has been indicted on forgery charges by a Missouri grand jury, The New York Times reports. A ...
Foreclosure deal has 40 states, but others balk
Housing Secretary Shaun Donovan is one of the participants in the foreclosure settlement speaks that are expected to produce a mortgage settlement soon. WASHINGTON (CNNMoney.com) — More than 40 says ...
N.Y. foreclosure lawsuit could slow home seizures
By John W. Schoen, Senior Producer Bankers struggling to deal withfaulty foreclosure paper work just got hit with another major headache. New York State Attorney General Eric Schneiderman, recently tapped ...