AGBeat » foreclosure

Mortgage delinquencies fell 40% in 2011

Tara Steele — Fri, 27 Jan 2012 16:53:36 +0000

Foreclosure activity According to a new report by Lender Processing Services (LPS), mortgage delinquencies dropped 3.7 percent in December, down 40 percent from December 2010 levels, with the total U.S. loan delinquency rate now resting at 8.15 percent, the same as the month prior. The total foreclosure pre-sale inventory rate was 4.11 percent, down 1.3 percent from November. LPS reports [...]

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Atlanta Sheriffs refuse to enforce bank’s order to evict 103 year old woman

Tara Steele — Thu, 01 Dec 2011 02:08:35 +0000

No eviction today Elvinia Lee heard a knock on her door yesterday, just a few weeks shy of her 104th birthday. It was the Sheriff’s department and moving company with a crew prepared to clear out her house, with an order from Deutsche Bank through loan servicer Chase Bank ordering the eviction of the Atlanta native and her 83 year [...]

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Troubled homeowners in Arizona may now get free legal representation

Tara Steele — Sat, 27 Aug 2011 05:05:30 +0000

Student attorneys helping troubled homeowners At Arizona State University’s Sandra Day O’Connor College of Law, distressed homeowners may now seek help from student attorneys enrolled in the new program set up to help those facing wrongful or illegal foreclosure and mortgage fraud. The program is called the Homeowner Advocacy Unit in the Civil Justice Clinic at the law school, supported [...]

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Is YouWalkAway.com’s strategic default plan legitimate?

AGBeat — Mon, 28 Mar 2011 15:12:05 +0000

Strategic default YouWalkAway.com has been around for a few years and Realtors should be aware of their “strategic default” process in the event a consumer approaches them in an effort to short sale or buy another home. Although as we mentioned, the service has been around for a while, it is gaining a new wave of attention as Fox News [...]

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Homeowner forecloses on Wells Fargo office, becomes folk hero

Lani Rosales — Mon, 21 Feb 2011 14:30:38 +0000

Right now in Philadelphia, there are black and white Sheriff’s Sale posters all around town after a two year battle between Wells Fargo and a single long haired goth homeowner comes to a head. Patrick, a single homeowner with a century old 6 bedroom 3 bath Tudor home bought for $180,000 in 2002 has paid his mortgage on time for [...]

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Bank of America at it again- foreclosure on wrong address

Lani Rosales — Thu, 30 Dec 2010 18:45:15 +0000

When we hear news of banks foreclosing on improper addresses, losing paperwork or removing belongings from homes that have been paid off for decades, it seems to be Bank of America behind it. This Christmas Eve, it happened to a West Hartford family who had never made a late mortgage payment. According to the CTWatchdog.com, “In one of the more [...]

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Dear Mr. President, I Can Rescue the Economy!

Fred Glick — Mon, 08 Mar 2010 00:02:16 +0000

I have an answer the foreclosure crisis and a way to turn around the economy at the same time. First, an outline of the problem: The old way of doing things with foreclosures have not changed. That’s the problem. After a property is foreclosed, the bank lists it with (mostly) the same agents they have been working with for years. [...]

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The 20 Cities Hardest Hit by Foreclosure Filings in 2009

Lani Rosales — Fri, 29 Jan 2010 05:01:02 +0000

Florida and California hurt in 2009 In 2009, RealtyTrac reports that Las Vegas had the largest number of foreclosure filings with 12.04% of homes under filing- more than five times the national average with Cape Coral, Florida close behind at 11.9%. Nationwide, foreclosures grew 21.2% during the year. The bulk of the areas with the highest foreclosure rates were in [...]

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Obama Sends SWAT Teams Into Mortgage Servicing Offices

Lani Rosales — Tue, 01 Dec 2009 05:04:46 +0000

Making modifications permanent This morning, we talked about President Obama’s plan to call lenders to the carpet and he along with the Treasury Department delivered. Today, the White House threatened to punish mortgage lenders with fines if they don’t speed up giving troubled homeowners a permanent break on their monthly payments. With mortgage delinquencies on the rise, nearly 375,000 borrowers [...]

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Should I be a Real Estate Loss Mitigation Expert?

Lesley Lambert — Fri, 23 Oct 2009 02:58:02 +0000

Is loss mitigation the same as home retention? In this economy there are a lot of opportunities posted in the loss mitigation field. I wanted to open this discussion and see what your feelings are on the topic. I have worked as a Home Retention Specialist for Titanium, Inc. and have enjoyed that work very much. Loss mitigation isn’t the [...]

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