Todays Rental News » Foreclosures

Government Considering Renting Foreclosed Homes

Tim Ballering — Tue, 26 Jul 2011 09:34:38 +0000

The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter.

via WSJ.com.

Purchasing Bank-Owned Properties – The Good, the Bad, and the Ugly

Tim Ballering — Mon, 25 Jul 2011 23:58:15 +0000

In many parts of the United States buying a foreclosure is en vogue. Buyers flock to these properties because they are allegedly a great deal. But, are they?

via biggerpockets

Foreclosure filings rise in Dane County

Tim Ballering — Mon, 11 Jul 2011 20:03:18 +0000

Dane County foreclosures rose for the first time in six months in June, increasing by 7 percent compared to a year ago.

via Property Trax

Illegal foreclosures on military personnel

Tim Ballering — Mon, 11 Jul 2011 11:42:44 +0000

JP Morgan Chase has settled a class action suit for violating the nearly 70 year old Servicemembers’ Civil Relief ActSCRA which states that even when legal and in states that don’t require it, only a judge can authorize a foreclosure and only after a hearing where military members are represented

via agentgenius.

[Also applies to evictions]

Mortgage servicers nearing deal to settle foreclosure problems

Tim Ballering — Thu, 07 Jul 2011 20:33:36 +0000

Americas biggest mortgage servicers are closing in on a deal with federal and state officials to settle some of the thorniest foreclosure fiasco problems — including the robo-signing issue,

via NYPOST.com.

foreclosure trashing = jail?

Tim Ballering — Mon, 04 Jul 2011 01:50:21 +0000

A judge ruled Friday that there is enough evidence for a former San Diego police officer and his wife to stand trial on felony charges in connection with the trashing of their foreclosed French Valley home.

via PE.com

HUD program to help unemployed homeowners

Tim Ballering — Sun, 26 Jun 2011 22:48:42 +0000

Interest-free loans worth up to $50,000 should soon be available for many borrowers at risk of losing their homes because of unemployment or medical disability.

via Property Trax

A stolen house.

Tim Ballering — Sun, 26 Jun 2011 19:15:54 +0000

Three months after Charlie and Shauna Zahari bought their first home, the FBI called to say the four-bedroom, Mediterranean-style house was stolen property.

via My Stolen Home

Industrys Past Due Mortgages = 6,350,000

Tim Ballering — Wed, 22 Jun 2011 21:19:22 +0000

ata released by Lender Processing Services LPS Tuesday puts the number of home mortgages that are delinquent or in foreclosure at 6,350,000.

via DS News

62 Years to Repossess the Homes in Foreclosure?

Tim Ballering — Tue, 21 Jun 2011 19:08:40 +0000

An article at the New York Times, “Backlog of Cases Gives a Reprieve on Foreclosures,” is more than a little frustrating in that it takes some high level factoids about the mortgage mess and fails to draw the right inferences from them.

via « naked capitalism.