Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $54,305
61%  
Woo hoo!! And we're now over 61%!! Thank you all very much for your continuing support!

Keyword: foreclosure

Brevity: Headers | « Text »
  • After Decrying Fake News, Journalists Are Still Binging On Fake News

    01/23/2017 1:50:08 PM PST · by markomalley · 4 replies
    The Federalist ^ | 1/23/17 | Sean Davis
    If you thought the results of the 2016 election would cause members of the news media to do a bit of soul-searching about the tenor of their coverage, you were wrong. If you thought they might want to understand why their hysterical attempts to take down Donald Trump were all for naught, you were mistaken. And if you thought they were interested in understanding why media trust numbers just hit record lows, you were delusional.After spending weeks post-election complaining about the rise of so-called fake news and attributing Hillary Clinton’s loss to its proliferation, a large number of members of...
  • County Takes Michigan Woman's Property Over $7 Late Fee

    06/29/2016 9:47:32 AM PDT · by MichCapCon · 36 replies
    Michigan Capitol Confidential ^ | 6/23/2016 | Derek Draplin
    A vacant lot owned by a Jackson woman was foreclosed by Hillsdale County because she failed to pay a $7 late fee on her property taxes. A Freedom of Information Act request found that Pam Baker, a Jackson resident, owed Hillsdale County $7.70 in interest and late fees for delinquent taxes from 2013 on land she owned near Lake LeAnn in Somerset Township. The 2013 taxes on the property, which she owned since 2000, were due on Feb. 14, 2014. Baker says she paid her taxes two weeks late because she was in a car crash seven days before the...
  • Portland Votes on Foreclosures for First Time in 50 Years

    06/18/2016 5:04:42 PM PDT · by Lorianne · 14 replies
    ABC News ^ | 15 June 2016 | gillian flaccus
    The Portland City Council voted Wednesday to move forward with a plan to foreclose on so-called "zombie homes" for the first time in 50 years as the city grapples with a swelling population and skyrocketing home costs that are locking new homeowners out of the market. Commissioners and the mayor voted 4-0 in favor of the plan, with one member absent. The vote targets five of the city's worst abandoned properties, the first part of a long-term plan to free up housing in an overheated market while clearing out squatters who have plagued developing neighborhoods outside the city's hip core...
  • The last time there were this many unsold $100M+ homes on the market, the world economy imploded

    05/30/2016 6:18:16 PM PDT · by SoFloFreeper · 48 replies
    boing boing.net ^ | 5/30/16 | Cory Doctorow
    Depending on how much credence you give to "whisper listings," there are between 27 and 50 $100,000,000+ houses on the market; last year, only two houses in that bracket sold worldwide. The glut of super-duper-ultra-luxury houses on the market worries economy-watchers, who view the oversupply as a bellwether for a housing crash -- the last glut (which wasn't nearly as pronounced as the current one) was in 2007/8.
  • Special report: Banks continue robo-signing

    07/19/2011 5:03:31 AM PDT · by Kartographer · 9 replies
    Reuters/YahooNews ^ | 7/19/11 | Scot J. Paltrow
    The bank now trying to foreclose on Marjorie Gunter has produced a troubled paper trail. OneWest submitted a document signed this February to prove that the original lender for her mortgage, a company called MortgageIT, had signed over ownership to OneWest. But MortgageIT, owned by Deutsche Bank, wasn't in business in February. It had ceased operations three years earlier, in 2008. A Deutsche Bank spokesman declined to comment. Even if the February document were authentic, it wasn't recorded until nearly 10 months after OneWest had launched its foreclosure action, which began in May 2010. Real estate law throughout the United...
  • 12 US housing markets getting rocked by foreclosures

    10/16/2015 8:36:32 AM PDT · by SeekAndFind · 22 replies
    Business Insider ^ | 10/16/2015 | Bob Bryan
    The housing market may not be the bright spot of the recovery, especially as more people are starting to lose their homes. According to the real-estate information company RealtyTrac, foreclosures rose in the third quarter from this time last year, and many states are seeing significant increases. "The widespread rise in foreclosure activity in the third quarter compared to a year ago is the result of two starkly different trends taking place," Daren Blomquist, vice president at RealtyTrac, said in the report. "In states such as New Jersey, Massachusetts, and New York, a flood of deferred distress from the last...
  • Repossessions spike 66% as foreclosure crisis lingers

    10/16/2015 6:36:46 AM PDT · by SeekAndFind · 8 replies
    CNBC ^ | 10/16/2015 | Diana Olick
    New foreclosures may be back to nearly normal, but the mess from the epic housing disaster in the last decade is far from gone. Bank repossessions, the final stage of the foreclosure process, jumped 66 percent year over year in the third quarter of this year, according to RealtyTrac, a foreclosure sales and analytics company. It's the largest annual rise ever recorded in bank repossessions by RealtyTrac. More than 123,000 homes went back to the bank in just three months. "In states such as New Jersey, Massachusetts and New York, a flood of deferred distress from the last housing crisis...
  • Freddie Mac sells off $305 million in seriously delinquent mortgages

    10/12/2015 7:22:01 AM PDT · by george76 · 17 replies
    Housing Wire ^ | October 9, 2015 | Ben Lane
    Completes seventh non-performing loan sale. Freddie Mac announced late Friday that it sold $305 million in seriously delinquent loans from its mortgage investment portfolio. The sale, which was initially announced last month, was completed via auction, with two pools containing 1,611 total loans being sold to a pair of buyers. According to Freddie Mac, these loans have been delinquent for approximately two years, on average. In its announcement, Freddie Mac said that given the deep delinquency status of the loans, the borrowers have likely been evaluated previously for or are already in various stages of loss mitigation, including modification or...
  • Donald Trump Once Saved A Woman’s Farm From Foreclosure ["God touched his heart"]

    08/22/2015 8:38:03 AM PDT · by SeekAndFind · 30 replies
    BuzzFeed News ^ | 08/22/2015 | Andrew Kaczynski, Mark Arce
    It was September 1986, and Annabel Hill, 66, was facing an auction where she would lose the farm that had been in her family for five generations. Hill’s husband, Lenard, had committed suicide eight months earlier, 20 minutes before a scheduled auction, in a last-ditch attempt to save his property with life insurance money. The life insurance money wasn’t enough, covering only $175,000 of debts than ran in excess of $300,000, from two years of a drought that Hill said had ruined their livelihood. Even when several hundred acres of the 1,300-acre Waynesboro, Georgia, farm were sold, the now-widowed Annabel...
  • Foreclosure to Home Free, as 5-Year Clock Expires

    03/30/2015 12:35:33 PM PDT · by Lorianne · 41 replies
    New York Times ^ | 29 March 2015 | Michael Corkery
    In September, Susan Rodolfi celebrated an unusual anniversary: five years of missed mortgage payments. She is like a ghost of the housing market’s painful past, one of thousands of Americans who have skipped years of mortgage payments and are still living in their homes. Now a legal quirk could bring a surreal ending to her foreclosure case and many others around the country: They may get to keep their homes without ever having to pay another dime. The reason, lawyers for homeowners argue, is that the cases have dragged on too long. There are tens of thousands of homeowners who...
  • Foreclosure to Home Free, as 5-Year Clock Expires

    03/30/2015 9:14:54 AM PDT · by Theoria · 129 replies
    The New York Times ^ | 29 March 2015 | Michael Corkery
    In September, Susan Rodolfi celebrated an unusual anniversary: five years of missed mortgage payments. She is like a ghost of the housing market’s painful past, one of thousands of Americans who have skipped years of mortgage payments and are still living in their homes. Now a legal quirk could bring a surreal ending to her foreclosure case and many others around the country: They may get to keep their homes without ever having to pay another dime. The reason, lawyers for homeowners argue, is that the cases have dragged on too long. There are tens of thousands of homeowners who...
  • Americans face post-foreclosure hell as wages garnished, assets seized

    10/14/2014 10:06:40 AM PDT · by Olog-hai · 75 replies
    Reuters ^ | Tue Oct 14, 2014 3:35am EDT | Michelle Conlin
    Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets. By now, banks have usually sold the houses. But the proceeds of those sales were often not enough to cover the amount of the loan, plus penalties, legal bills and fees. The two big government-controlled housing finance companies, Fannie Mae and Freddie Mac, as well as other mortgage players,...
  • Rep. Bentivolio Strikes Out (US Chamber Vanity)

    07/23/2014 10:55:57 PM PDT · by ObamahatesPACoal · 31 replies
    US Chamber of Commerce ^ | Sean Hackbarth
    Desperate candidates who are way behind in the polls take big swings hoping to hit political home runs. Take Rep. Kerry Bentivolio, trying to hold onto his Congressional seat in Michigan’s 11th District. Being down 22 points against David Trott, he desperately needs to rally his troops by the August 5th primary. So his campaign e-mailed a fundraising pitch pushing the myth that the U.S. Chamber supports amnesty. Rep. Bentivolio whiffed big time. The U.S. Chamber doesn’t support amnesty and never has. Here is what the U.S. Chamber’ immigration reform priorities are: Strengthening border security. Improving E-Verify system and employment...
  • Romney backs challenger in Michigan

    06/12/2014 1:12:11 AM PDT · by ObamahatesPACoal · 10 replies
    The Hill ^ | June 10, 2014, 10:40 am | Cameron Joseph
    Former presidential nominee Mitt Romney (R) is endorsing businessman Dave Trott (R) in his primary against Rep. Kerry Bentivolio (R-Mich.), the latest big-name Republican to weigh in on Trott's behalf. "As someone who grew up in Michigan and has family currently living in the 11th District, I am confident that Dave Trott has the honesty, integrity and experience we need in Washington," Romney said in a statement released by Trott's campaign. "As a job-creator, Dave Trott knows how to balance budgets, cut spending, and fix the mess in Washington. I am proud to endorse Dave Trott for Congress."
  • Bentivolio receives endorsement from Right to Life of Michigan

    04/30/2014 6:45:18 PM PDT · by ObamahatesPACoal · 11 replies
    Novi Patch ^ | Matthew Chisholm
    Today, Rep. Kerry Bentivolio announced that he has received an endorsement from Right to Life of Michigan in the Republican primary for Michigan’s 11th Congressional District. “It’s an honor to have support from Right to Life of Michigan,” said Rep. KerryBentivolio. “The most vulnerable in our society, the unborn, can't speak for themselves. That is why I promise to relentlessly fight for their protection in Congress.”
  • The ‘Foreclosure Crisis’ Has Ended: But government and media don't want you to know that.

    04/17/2014 7:00:09 AM PDT · by SeekAndFind · 22 replies
    National Review ^ | 04/17/2014 | Tim Cavanaugh
    America’s foreclosure crisis has been over for more than a year, if it ever really existed. But the government/activist/media blob is still trying to convince the public that there is an epidemic of bad borrowers who need public relief. At Harvard Law School, a student group called Project No One Leaves recently concluded its fourth annual conference aimed at creating what one attendee called “a multi-faceted, national housing justice alliance.” Milwaukee mayor Tom Barrett recently gave $200,000 to a community organization called ACTS Housing to fight the foreclosure crisis by buying up bank-owned properties — even as the number...
  • "Foreclosure Rebound Pattern": Foreclosure Starts SUDDENLY Jump 57% in California

    02/13/2014 10:28:40 PM PST · by Nachum · 12 replies
    zero hedge ^ | 2/13/14 | tyler durden
    Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter From Federal-Reserve-fueled bubble to debilitating return to reality – reality being a financial calamity – to Federal-Reserve-hyper-fueled bubble: that’s the US housing market over the last ten years. There are many places around the country, including some cities in Silicon Valley, where home values are now higher than they were at the peak of the last bubble. Of course, no one at the Fed or in government calls it “bubble.” They’re talking about the housing “recovery.” But the excesses and speculators are back, and private equity funds and highly leveraged REITs are all over it, buying...
  • FHFA Raises Guarantee Fees For Fannie Mae and Freddie Mac (DeMarco's Last Stand)

    12/09/2013 3:45:34 PM PST · by whitedog57 · 1 replies
    Confounded Interest ^ | 12/09/2013 | Anthony B. Sanders
    Today, FHFA directed Freddie Mac and Fannie Mae to raise guarantee fees in three components: • The base g-fee (or ongoing g-fee) for all mortgages will increase by 10 basis points; • The up-front g-fee grid will be updated to better align pricing with the credit risk characteristics of the borrower; and • The up-front 25 basis point adverse market fee that has been assessed on all mortgages purchased by Freddie Mac and Fannie Mae since 2008 is being eliminated except in the four states whose foreclosure carrying costs are more than two standard deviations greater than the national average....
  • Since Oct 2008, 4.6 Million Foreclosures Completed, Foreclosure Inventory Falls 30.6% YoY

    12/09/2013 6:54:03 AM PST · by whitedog57
    Confounded Interest ^ | 12/09/2013 | Anthony B. Sanders
    The CoreLogic National Foreclosure Report is out for October 2013. The good news! Foreclosure inventory in the U.S. fell 30.6% YoY in October. sersleinf120913 Florida leads the U.S. in foreclosure inventory as a percentage of mortgaged homes at 7.1%, followed by New Jersey at 6.7% and New York at 4.9%. clforecinvstate The lowest state in terms of foreclosure inventory? Wyoming at 0.4% followed by Alaska and Nebraska at 0.6%. If we compare judicial and non-judicial foreclosure states, we see a glaring difference. The worst states for percent of homes in foreclosure at judicial states (FLA, NJ, NY). The best states...
  • Masterson Station (neighborhood association) foreclosure draws Lexington city council's attention

    12/04/2013 5:50:10 AM PST · by Renfield · 9 replies
    Lexington Herald-Leader (KY) ^ | 12-4-2013 | Valarie Honeycutt Spears
    (Poster's note: this is the story of a neighborhood association forcing the foreclosure of a woman's home, that she had fully paid for, because she didn't pay her neighborhood association dues. Apparently, this is legal here in KY. This is one of the most outrageous things I've heard of.) In a rare case, the Masterson Station Neighborhood Association won a court judgment this year to foreclose on a Lexington woman's home. The Urban County Council decided on Tuesday to review the situation in which Ingrid Boak's home was sold at a master commissioner's sale because she did not pay a...