foreclosure

Big Banks to New Jersey: Stop Bugging Us About Foreclosures

When New Jersey tightened its foreclosure rules in response to the false document crisis, it ordered the six largest servicers to explain why they should be allowed to continue foreclosing on homes. Their response: 'Trust us, everything's fine now.' If you think there's irony in that assertion, read on ...

Bank of America Sued Over Home Loan Modifications

Bank of America's persistent failure to modify home loans has resulted in the inevitable: a consumer class action lawsuit. Last week, Susan Fraser of Missouri filed suit on behalf of herself and other qualified homeowners whom the bank failed to give permanent loan modifications to.

The Human Toll of America's New Ghost Towns

Housing prices have seen a remarkable drop over the last few years, but the numbers don't tell the whole story. In a new series, DailyFinance takes a look at neighborhoods in troubled cities across the country, where the lingering foreclosure crisis means empty houses, fearful residents and broken dreams.

A Quaint Town in Georgia Struggles With the Real Estate Crisis

What happens when an award-winning new development goes bust before it's fully built? As part of a series looking at the real estate market in the U.S., DailyFinance takes a look at a town near Atlanta that is still struggling with the effects of the great real estate bust.

How the Housing Mess Hit My Neighborhood

Millions of houses are in foreclosure in the U.S. Even if your house is safe, your neighbors may be in trouble, and your neighborhood could suffer as a result. Here's the story of one house in a neighborhood in New Jersey.

U.S. Home Values to Fall by $1.7 Trillion in 2010

U.S. homes will lose a total of $1.7 trillion in value in 2010, according to real estate site Zillow. The value lost this year will be 63% more than in 2009, and will take the total value lost since June 2006 to more than $9 trillion, Zillow said on its blog.

A Winning Streak Goes Bust: Ghost Towns of Las Vegas [VIDEO]

Las Vegas has always been a place of dreams, promising that pennies could turn into fortunes, cities could rise from the desert, and property values could rise eternally. But you can also lose your shirt there, and the real estate crash has hit Sin City harder than anyplace else in the country.

Thousands of Pennsylvania Foreclosures on Shaky Ground?

Two Pennsylvania cases have exposed new types of document problems in foreclosure cases, and one of the cases potentially huge consequences for thousands of troubled Pennsylvania homeowners. At the center of each case is the same law firm: Goldbeck McCafferty & McKeever.

Startup RentJuice Is Capitalizing on the Rise of Renter Nation

For years, the property management business has been stuck in the Dark Ages -- using faxes, paper ledgers and out-of-date spreadsheet software. But as the foreclosure crisis adds millions of people to the rental market, new startup RentJuice is aiming to bring property management into the Internet Age.

How to Avoid Foreclosure Rescue Scams

The foreclosure crisis continues to pummel millions of Americans, and it has given rise to a raft of industrious new con artists offering false assistance that leaves homeowners even deeper in debt and despair. If you don't want to get kicked when you're already down, here are a few things to remember.

An Arizonan's Nightmare With Citi's Foreclosure System

Back in December 2008, John H. was small-business owner with perfect credit and a house he could afford. But when his business started suffering, he appealed to Citi Residential Mortgage for a modification. Now, he faces foreclosure -- for the fourth time -- the day before Thanksgiving.

Is Robo-Signing Just the Tip of the Iceberg?

In a Senate panel hearing Monday, the Iowa attorney general said the problems in the home-loan industry extend well beyond just "robo-signing." A system-wide overhaul is needed, he said.

Goldman Sachs Suspends Evictions and Foreclosures

In a regulatory filing, Goldman said it's reviewing loan practices at Litton Loan Servicing, the firm's residential mortgage-servicing subsidiary, in response to requests from regulators and states attorneys general.

The Foreclosure Mess: Still a Threat to Renters

Despite new federal laws designed to protect them, many tenants are still finding themselves caught up in foreclosure dramas as building owners struggle to hold on to their properties. And if real estate market doesn't improve soon, the problem could get worse.

No Foreclosure Problems at Bank of America?

After a 16-day review of its foreclosures, Bank of America has pronounced itself satisfied. It found no problems at all with any of them, and it's ready to resume processing foreclosures. Let's be blunt: That's a claim so unbelievable it doesn't pass the straight-face test. Here's why ...

Feds Launch Foreclosure Probe, and Chicago Halts Evictions

Federal agencies are investigating foreclosure processes after some major banks have said they would either review or suspend foreclosures because of possible errors. And Chicago-area law enforcers are halting foreclosure-related evictions until banks provide them with proper affidavits.

Bank of America Resumes Foreclosure Process in 23 States

Bank of America (BAC) is preparing to resume foreclosures in 23 states, just 10 days after halting the foreclosure process on properties in all 50 states. The foreclosure halt came amid concerns that company executives may have signed documents without properly verifying them.