A unit of Morgan Stanley, Saxon Mortgage Services that has recently been sold to Ocwen has been asked by the Federal Reserve to review its foreclosure operations covering the years 2009 and 2010. Warnings have been given that it would be fined and for lapses. The Feds came to a similar agreement with a branch of Goldman Sachs.

A new bill will soon become law in Florida. This will expedite foreclosure cases winding through the courts. Opponents charge that it will be detrimental to the interests of homeowners battling foreclosures. There have been strong protests in Tallahassee that instead of addressing foreclosure fraud the bill is trying to take away rights from homeowners.

The realtor of Prudential America Sam Wagmeister made a study of those people who bought homes between 2004 and 2008 to find out who were still living in the same house and how many of these homes have been foreclosed upon.

In the last week, lenders from different courts of the nation which are overcrowded with foreclosure cases gathered at a discussion session where they put up matters of bank honesty and attorney civility in foreclosure issues and estimated nearly 350,000 pending foreclosure cases in Florida.

A unanimous ruling by Massachusetts Supreme Court permitting those facing eviction from foreclosure to challenge the lender to prove ownership of the property and mortgage has infused housing advocates with cheer. They feel now lenders will be compelled to negotiate to arrive at more reasonable terms.

A bill is set to become law in Hawaii by which borrowers would have a chance to talk to counselors and meet the lender to sort out the matter avoiding foreclosure. Homeowners would also have the option for opting for judicial foreclosure. It is hoped that this would ease the foreclosure situation.

At one time, a condominium was a place a family could retreat to from their busy lives. A condominium was once a source of great joy and recreational opportunities that the whole family could benefit from. A condominium is a piece of real estate property that was bought for investment purposes and went by the [...]

Foreclosures respect nothing – they are now knocking on church doors. During the time of the housing boom the church authorities dreamt in a big way – dreams that are turning into nightmares of debt and foreclosures. Recently a survey is being undertaken about churches and foreclosures. It is not clear as yet how many [...]