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Many were thrilled to hear that all 50 state attorneys general and federal authorities were negotiating with the large U.S. banks to punish them for their robo-signing misdeeds, fabricated documents and stepping on some homeowners’ rights. This came after every U.S. state filed lawsuits against the banks, claiming these actions were a violation of homeowner [...]
The number of home foreclosures and land foreclosure listings in Minneapolis, Minnesota continues to hammer the residential property market of the metro area. According to local realtors, certain neighborhoods in Minnesota have some of the highest number of residential foreclosures and abandoned and empty properties in the whole state. This, they revealed, prompted the introduction [...]
The number of residential properties under bank and in Myrtle Beach, South Carolina is still high, but this did not stop local homebuilders from starting several construction projects. According to builders, the current number of new houses being built is the most seen in Myrtle Beach in three years. Even with a lot of low-priced [...]
Tweet It seems like the foreclosure settlement negotiations going on in Washington just can’t catch a break. Barely a few days since California Attorney General Kamala Harris announced that California is abandoning the sluggish negotiations, Massachusetts Attorney General Martha Coakley announced that she and the state have “lost confidence” in the talks and any resolution [...]
The news just keeps getting worse for Bank of America and its purchase of Countrywide in 2008. A new report by iwatchnews.org says that 30 former Countrywide employees say the company was protecting officials who were committing fraud by silencing potential whistleblowers. The former employees allege that Countrywide executives encouraged or allowed them to commit [...]