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With more than 7,000 Mainers already in default on their mortgages, the state is boosting the number counselors to help homeowners avoid foreclosures.
County officials in Cleveland are declaring a six-month halt in foreclosures for unpaid property taxes.
The state attorney general filed suit Wednesday against a New York-based mortgage servicing company that he claims has been poorly serving its Ohio customers.
A Northern California mortuary has offered to cover the funeral costs for a 5-year-old Modesto boy crushed by furniture as his family moved out of their foreclosed house.
The state of Illinois is putting up for auction the President Abraham Lincoln Hotel and Conference Center in Springfield.
The number of homeowners on the brink of foreclosure fell in November, the fourth straight monthly decline, as mortgage companies evaluated whether borrowers were eligible for help.
Five people were charged with using a supposed mortgage-rescue program to steal nearly $15 million in home equity from homeowners facing foreclosure in suburban Philadelphia.
A New Jersey woman returned home from Thanksgiving with family to find the locks changed days after she avoided foreclosure.
Foreclosure proceedings involving The Promenade Shops at Centerra in northern Colorado have begun.
Shontaye Edwards spends her day in a gray cubicle at a Bank of America call center in this Dallas suburb. On the other end of the phone line are homeowners — tense, exasperated and looking for help.
The number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure prevention programs helped more borrowers.
A federal judge has dismissed a class action lawsuit filed by a group of homeowners who sought to block foreclosures in Minnesota, but their attorney said the case led to significant progress anyway.
The Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says, but most of those borrowers are on temporary trial plans that have yet to be made final.
A judge will let Tamarack Resort homeowners intervene in a foreclosure lawsuit against the failed Idaho vacation getaway but refused to endorse their plan to use a Mexican real-estate lender's cash to save the ski season.
Mediation would be a good way to expedite a flood of mortgage foreclosures, members of a foreclosure task force said Wednesday, but some disagreed on the details in oral arguments before the state Supreme Court.
The Arizona Supreme Court is being asked to overturn budget legislation that repeals a controversial new state law on legal protections for homeowners after foreclosures.
A beleaguered and debt-ridden hotel in downtown Springfield will be auctioned in December, the state treasurer announced Tuesday.
Tamarack Resort homeowners fear lifts and other equipment will be stripped and sold for pennies on the dollar if they can't convince an Idaho judge to approve their plan to take $7.9 million from a Mexican real-estate investor to save the upcoming ski season.
The number of households caught up in the foreclosure crisis rose more than 5 percent from summer to fall as a federal effort to assist struggling borrowers was overwhelmed by a flood of defaults among people who lost their jobs.
The stalled pace of the government's effort to head off home foreclosures has left families looking for other ways to save their homes. There are people out there who can help. But you have to pick very carefully.
A Florida appeals court has chastised a judge for granting extensions in a foreclosure case for compassionate reasons.
The Obama administration's effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 million to 4 million borrowers and may simply delay mortgage defaults for many, a government watchdog group says.
How do you make the most of a visit to an almost-bankrupt hotel? Here’s how to spot a property and what to do if you find yourself checking into one.
The number of U.S. households threatened with losing their homes held steady last month, a sign that lenders' efforts to help distressed borrowers may be having a gradual impact.
The Obama administration's $50 billion mortgage relief program is finally picking up speed after a sluggish and disappointing start: Nearly early one in five eligible homeowners have been offered help so far.
Foreclosures for major sector of bank industry topped 1 million - report The markets may be moving towards a slow recovery, but as we watch housing stats and credit markets, we are reminded of the great costs associated.
Debtor's Dilemma: Pay the Mortgage or Walk Away Should I stay or should I go? That is the question more Americans are asking as the housing market continues to drag.
My Big Fat Foreclosure"I have no clue where I'll be," come Friday, says Greg Staffa in a phone interview with HousingWatch. The Farmington, Minn. man claims that is when he will be thrown out of his modest townhouse into the bitter Minnesota cold at week's end -- and all because he is overweight.
Man Robs Bank to Pay the MortgageA 69-year old man has been accused of walking into a Bank of America in the City Heights area of San Diego demanding money in order to pay off his mortgage, according to NBC San Diego.
Not Enough "Moolah For Mortgages"It looks like bailout watchdog Elizabeth Warren is not afraid to tell our emperors that they are not wearing any clothes.
Many homeowners with modified mortgages are behind on payments About 25% of borrowers helped under the administration's massive foreclosure prevention program are delinquent, the Treasury Department says.
Is walking away smart if home underwater?Stop paying your mortgage. That's the underlying message from a University of Arizona law professor, whose new paper is hitting a nerve as the nation's housing crisis enters its fourth year.
Obama's Foreclosure Program Run by Morons and Trial Modifications are the Biggest Loan Mod Scam EverI don't know about you, but 1700 out of 650,000 makes me want to believe that the 1700 were mistakes that slipped through.
Oh say can you see Mr. President ?. On Monday the federal government admitted efforts to stabilize the U.S. housing market by injecting 75 billion dollars into the financial sector, had failed miserably.
U.S. to Pressure Mortgage Firms for Loan ReliefThe Obama administration on Monday plans to announce a campaign to pressure mortgage companies to reduce payments for many more troubled homeowners, as evidence mounts that a $75 billion taxpayer-financed effort aimed at stemming foreclosures is foundering.
Suffolk Judge Jeffrey Spinner Cancels Couple's Mortgage DebtNew York Judge slams greedy bank and gives couple a huge break.
Mortgage Crisis, Round 2The big picture is this. There is most probably a second wave of mortgage defaults in the immediate future as a result of Alt-A and Option-ARM resets. Yet our capacity to deal with these losses has already been strained by the first round that largely ended in March.
In Philadelphia, a Chance to Stave Off Foreclosure - NYTimes.comPHILADELPHIA — Christopher Hall stepped tentatively through the entranceway of City Hall Courtroom 676 and took his place among dozens of others confronting foreclosure purgatory.
Sunrise to Bank of America: Clean up your actJust ask Mayor Roger Wishner, who helped kill a multimillion-dollar city partnership with Merrill Lynch because parent company Bank of America has been accused of being mean to the little guy.
Insurers dropping Chinese drywall policiesJames and Maria Ivory's dreams of a relaxing retirement on Florida's Gulf Coast were put on hold when they discovered their new home had been built with Chinese drywall that emits sulfuric fumes and corrodes pipes.
As Foreclosure Nightmares Increase, Will More Homeowners Pay Off Their Bankers in Violence?"The economic crisis revealed late-capitalism's central offense: Human beings are being transparently treated if they were mere transactions. And they're going postal over it."
Fannie Mae rental programGovernment controlled U.S. mortgage finance company Fannie Mae announced on Thursday about their unique rental program which is aimed at helping homeowners who can't pay back their loans. The program aims at turning struggling homeowners into renters in their own homes.
Fannie Mae Rental Program: Rent Your Own Foreclosed Home?A Fannie Mae rental program will allow one-time homeowners that have allowed their house to go into foreclosure to actually rent the very same house back at "market value" in something called a "Deed for Lease" program. Taxpayer cost is not yet clear.
A Bad Way to Spend MoneyCongress threw good money after bad this week when it voted to extend and expand a wasteful home buyer's tax credit set to expire at the end of the month.
Fannie Mae to rent homes to foreclosed borrowersThousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday.
One of the silent killers of the economic recovery may be a program the President first introduced in Phoenix back in February.
Couple Hit by Foreclosure Torture Two Loan-modification AgentsAs Los Angeles housing advocates launched a campaign warning of mortgage rescue scams, a couple hit by foreclosure are charged with torturing two loan-modification agents they suspected of fraud, authorities said on Monday.
Detroit house auction flops for urban wastelandDETROIT (Reuters) - In a crowded ballroom next to a bankrupt casino, what remains of the Detroit property market was being picked over by speculators and mostly discarded.
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