Daily Archives: May 15, 2012

Fort Worth Uses Grants To Build Homes In Struggling Terrell Heights Area

Fort Worth Uses Grants To Build Homes In Struggling Terrell Heights Area
The $ 8 million is using state and federal grant money to construct 54 new homes. Many of the lots had been off the tax rolls for years until the city tracked down their owners or foreclosed on them. All the homes are large –– in hopes of motivating …
Read more on CBS Local

Housing market may be on rebound at last
New data show price declines easing in big cities, sales of new homes improving nationally and foreclosures in California dropping to levels not seen since 2007. A foreclosed home in Richmond, Calif., in April 2011. Banks still retain many foreclosed …
Read more on Los Angeles Times

Brooklyn Shelters Homeowners With Longest Foreclosures
The protracted process led to just 32 fourth-quarter foreclosure completions in a borough where more than 27000 homes got delinquency notices last year, New York Department of Financial Services data show. The 10 US counties with the longest …
Read more on Bloomberg

Vernon officials discuss plans to catalog foreclosed homes

Vernon officials discuss plans to catalog foreclosed homes
The town council and mayor are looking to keep foreclosed homes in Vernon in better shape. Mayor Vic Marotta and the five council members held a special work session on April 23, during which they worked through details over a foreclosure ordinance …
Read more on NorthJersey.com

Mortgage deal cash is divvied
… investigations and oversight of the settlement funds; and on helping borrowers who can't stay in their homes. "Homeowners who receive meaningful counseling are far more likely to avoid foreclosure," said Shum Preston, a spokesman for Harris.
Read more on Los Angeles Times

Plaza Lafayette looks for new owner, new future

Plaza Lafayette looks for new owner, new future
Spann and his fellow tenants may get some help next month, when Plaza Lafayette goes up for sale at auction. US Bank, which foreclosed on the property earlier this year, wants to recoup much of the $ 2.6 million loan it holds on the property.
Read more on Daily Camera

Largest Mexican Oceanfront Development Site Goes on the Auction Block
NEW YORK, NY, May 02, 2012 (MARKETWIRE via COMTEX) — Paramount Realty USA, www.prusa.com , New York's leading real estate auction company, announced it has been hired by a group of private land owners in Mexico to auction one of Mexico's largest …
Read more on MarketWatch (press release)

Tips – and photos – for the upcoming Ramblewood auction
“An auction gives a good reflection of the true value,” Clouser says. “It also helps reaffirm the real estate value.” Amanda Jones Hoyle covers commercial and residential real estate. Follow her on Twitter @TBJrealestate.
Read more on Triangle Business Journal (blog)

Boro tops city in foreclosures on homeowners

Boro tops city in foreclosures on homeowners
NACA spokesman Darren Duarte said every major lender in the country will be at the event, including Sallie Mae and Freddie Mac, and they can reduce interest rates as low as 2 percent and, in some cases, reduce a mortgage's outstanding principal.
Read more on TimesLedger

Report: Bank of America workforce shrinking
These involve mortgages sold to securitizers, primarily government-sponsored entities Fannie Mae and Freddie Mac. If the securitizer believes they were sold using incorrect data, it demands the bank take them back. Bank of America has been in a dispute …
Read more on Charlotte Observer