Foreclosure Fiasco!

Record plunge in foreclosures, thanks to robo-signers

 
 
 
 
 
 
 
 
 
 
 
NEW YORK (CNNMoney.com) -- The number of foreclosure notices filed in November plunged 21%, the biggest month-over-month drop ever recorded by RealtyTrac, the online foreclosure marketer. Filings fell 14% compared with November 2009.
The number of Americans who actually lost their homes to bank repossessions plummeted even more steeply -- to 67,428. That was off a whopping 28% from 93,236 in October. Repossessions are down a third since September. CLICK HERE for Full Article






 

CNN Money Reports Foreclosures Frozen During Holiday Season

Foreclosure Fiasco



By Les Christie, staff writerDecember 3, 2010: 3:34 PM ET


NEW YORK (CNNMoney.com) -- Several of the big mortgage players are playing Santa Claus again this year, saying they will not evict borrowers in default during the two weeks surrounding Christmas.Freddie Mac (FMCC) and Fannie Mae (FNMA), the two government-controlled mortgage giants, are freezing all foreclosure evictions on mortgage loans they own or back from Dec. 20 through Jan.3.
 
Click Here for full article

Washington Post Reports - DC Now Requires Mediation Offers Before Foreclosures

Mediation offer now required before D.C. foreclosures

Thousands of foreclosures are put on hold

During the housing boom, millions of homeowners got easy access to mortgages. Now, some mortgage lenders and government officials have taken action after discovering that many mortgage documents were mishandled.

By Benny L. Kass

Friday, December 3, 2010; 10:23 AM
Click Here for Full Article