Theres a growing cry in economic circles for new steps to revive this sector, which year after year has been the subject of optimistic predictions about soon hitting a bottom that turns out to be, well, bottomless. The New Face of Foreclosure: Strategic DefaultsBy Laura Rowley, Fox News, Sept. 19, 2011 Gene Kessler, 67, may be the new face of mortgage default. The tech industry retiree is in the process of walking away from the home he purchased for $166,000 in 2004 in a small town 75 miles southwest of Minneapolis.
Thinking About Buying a Vacation Home?By Shelagh McNally, Times & Transcript, Sept. real estate bubble burst, housing prices plummeted and foreclosures surged. Its still a buyers market, particularly in Arizona and Florida, and Canadians are taking advantage of our strong dollar and shopping for real estate in these sun belt destinations. free credit report law Law Firm Warns of Foreclosure Rulings EffectBy Kimberly Miller, Palm Beach Post, Sept. 16, 2011 The national law firm of Greenberg Traurig issued an credit report for free without credit card New York alert this week warning its lawyers that a 4th District Court of Appeal ruling in favor of Palm Beach County homeowners could dramatically change the foreclosure landscape in Florida. Effort on Home Loans Stalls By Nick Timiraos and Ruth Simon, Wall Street Journal, Sept. banks slowed down the foreclosure machine as a result of pressure from judges and regulators, the foreclosure process remains snarled. ftc.gov free credit report Last September, GMAC Mortgage credit report for free without credit card New York LLC, one of the nations largest servicers of home loans, suspended sales of some foreclosed homes and put a moratorium on evictions of many borrowers behind on their payments. Other financial firms soon made similar moves, embarrassed credit report for free without credit card New York by revelations of robo-signing by employees who signed credit report for free without credit card New York off on hundreds of loans a day and falsely claimed they had personally reviewed documents giving the bank the right to foreclose. Nevada AG Puts Bank of America on Notice Over ForeclosuresBy Buck Wargo, Vegas Inc., Sept. 19, 2011 Call it Nevadas version of David versus Goliath.
As foreclosures continue and homeowners cry foul against lenders in their bids to stay in their homes, Nevadas Attorney General Catherine Cortez Masto is taking on Bank of America in federal court. order a credit report
And the issue is going to heat up as Cortez Mastos office investigates BofA and other parties in the foreclosure process.
She says criminal charges are likely coming to the industry soon, which credit report for free without credit card New York could provide more ammunition for her foreclosure fraud case.
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