August 16, 2011
The Department of Housing and Urban Development has reached a settlement with Bank of America that releases the business from liability for failing to adequately supply alternatives to foreclosure on 57,000 delinquent government-insured mortgages.
The agreement...
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Foreclosure Issues Result in $10mil HUD Agreement with Bank of America
Last edited by AngelinaCat; 08-16-2011, 09:25 AM. Reason: To bring it in line with the specific formatting required for this board. OP, please note.
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Housing Starts Increase, While Jobless Claims Slip
June 16, 2011
WASHINGTON (Reuters) — Housing starts in the United States rose more than expected and permits for future construction touched a five-month high in May, a government report showed on Thursday, but any recovery will be hampered by a glut of pre-owned homes, economists warned....
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Fewer homeowners are underwater on mortgages
June 10, 2011
The number of homeowners underwater on their mortgages in the United States declined slightly during the first three months of the year.
The decline in the number of borrowers owing more on their mortgages than those properties are worth occurred despite falling...
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Court Threatens BofA Bank Manager With Jail Over Foreclosure
June 3, 2011
A Bank of America bank manager could end up in jail if the bank doesn't demolish a fire-damaged eyesore, a Georgia court has warned.
AJC reports that the bank has said it really wish it could help out but that it doesn't own the home. The bank has not appeared...
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Homeowner Forecloses on Bank of America (Yes, You Heard That Right)
June 6, 2011
In a modern-day evocation of David’s slingshot triumph over Goliath, a couple of foreclosed homeowners in Naples, Florida reportedly foreclosed on a Bank of America branch last week, their attorney actually having moving trucks pull up in front of a Naples branch to execute...
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Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayer
05/16/11
WASHINGTON -- A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans, four officials briefed on the findings told The Huffington Post....
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America's most overvalued - and undervalued - cities
January 11, 2011
NEW YORK (CNNMoney) -- Can a housing market simultaneously be the most undervalued in the nation and one of the worst housing buys? It can if it's Las Vegas.
Sin City recently drew a rating of "Frankly Dangerous" -- the worst possible -- from...
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Court gives banks 'beat-down' over foreclosures
January 7, 2011
NEW YORK (CNNMoney) -- The Massachusetts high court ruled on Friday that two foreclosures are invalid because the banks could not prove they had the proper paperwork to foreclose.
The banks "failed to make the required showing that they were...
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House robbed while in forclosure
My house is in foreclosure and included in my chapter 7 which has been discharged. We have been living in the house and the bank has paid the home owners insurance.
We left town for the holidays and I just found out that my house was robbed and the thieves used my truck to haul away everything....
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More Foreclosures Expected in 2011
December 12, 2010
Brace yourself for another rough year in housing: The number of foreclosures is expected by many to increase in 2011 as more troubled mortgages work their way through the pipeline.
Next year could very well be a peak year for foreclosures, says Rick Sharga,...
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