Articles about Foreclosures

Foreclosure abuses against any Wall Street giant.

Foreclosure Abuses Against Any Wall Street Giant

Instead of pursuing foreclosure fraud the law enforcing arm of the federal government is either looking the other way or even shutting down its offices. This has led to frustration among the states that are doing their own investigating.Nevada took the lead in filing criminal case against executives of LPS.

Anti-foreclosure campaign OWS becomes history.

Anti-Foreclosure Campaign OWS Becomes History

The OWS movement is being given recognition by the institutions that collect items in their archives for preserving history. Noted museums and other bodies are feverishly collecting placards, documents, fliers etc of the movement. OWS itself has set up its archival section. The digital preservation of its online activities is a distinctive feature.

Those who designed the foreclosure crisis is now helping to solve the problem.

Those Who Designed the Foreclosure Crisis is Now Helping to Solve the Problem

Many of those who have crafted plans for the conversion of foreclosures of Fannie Mae and Freddie Mac were previously closely connected with bringing about the sub-prime crisis. Some are facing lawsuits regarding the role they played during the booming years. Now they are holding important posts in other firms.

Federal law enforcers seem strangely silent on criminal foreclosure fraud.

The Federal Law Enforcers Seem Strangely Silent on Criminal Foreclosure Fraud

Reuters had done some digging to find in the bankruptcy court of New York many discrepancies in the documents submitted by banks in foreclosure matters. Office of U.S. Attorney has a routine follows up criminal charges against small fry. Why is Wall Street fraudsters, despite evidence, conspicuously absent from their list?

Bankruptcy is another alternative for stopping foreclosure.

Bankruptcy is Another Alternative for Stopping Foreclosure

Bankruptcy helps people to stay in their homes and is especially helpful to those ignored by lenders trying to modify their loans. A new programme is scheduled to kick off in Berks County from 1st January that would compel the lenders’ representatives to meet directly the borrowers, if the latter so desire it.

The condition of the economy will worsen with more foreclosures.

The Condition of the Economy Will Worsen with More Foreclosures

Romney wants unhindered passage to foreclosures. He has forgotten that the drunken behaviour of banks and equally heady bailouts caused the entire economy to go down on its knees. Millions are suffering. They need help in the form of forbearance, modification and or refinancing.

Anti-Foreclosure occupy movement takes a new turn.

Anti-Foreclosure Occupy Movement Takes a New Turn

The Occupy protestors have taken to direct action across the country in a big way. The homeless are being settled in vacant houses, former house owners are returning to their homes with their belongings while some are promising not to leave until force is used. All are complaining that the banks ignored their repeated pleas for loan modification.

Victims of foreclosure fraud will receive compensation.

Victims of Foreclosure Fraud Will Receive Compensation

The attorney general of Indianapolis, Greg Zoeller announced that more than 70 victims of foreclosure fraud will receive compensation of $60,000 from the newly created Consumer Protection Assistance Fund. During foreclosure crisis, many homeowners became victims of frauds. Pundits think that without improvement in the economy fraud will continue.

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