From the daily archives:

Wednesday, February 3, 2010

Ohio Sues California Foreclosure Rescue Operations for Conning Consumers – Consumer Affairs


Legal News Line
Ohio Sues California Foreclosure Rescue Operations for Conning Consumers
Consumer Affairs
The lawsuit alleges that the law firm promised foreclosure rescue and legal services to save homes and collected upfront fees but failed to deliver.
Cordray sues Calif. law firmLegal News Line

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FDIC Chief: Foreclosure Plan Needed

by Tony on February 3, 2010

The housing crisis likely will last into 2010 until the credit market revives and government rescue programs have time to make an impact, the head of the Federal Deposit Insurance Corp. said Thursday. (Dec. 12)

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One City Centre, Arcade sold at foreclosure – Bizjournals.com

One City Centre, Arcade sold at foreclosure
Bizjournals.com
Bank of America, the lender on both projects, was the sole bidder for the One City Centre office tower for $12.7 million and the Arcade building for $9
Foreclosure boosts One City Centre rehabSt. Louis Post-Dispatch (blog)

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Foreclosure Fiasco – CBS News (blog)

by Tony on February 3, 2010

Foreclosure Fiasco – CBS News (blog)

Foreclosure Fiasco
CBS News (blog)
These so-called "strategic foreclosures" have come under fire from moralists and lenders, but as the NY Times found, many of the underwater borrowers are

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This was on live to air in the Home Loan rates cross today. He opens three pictures, checks if anyone is looking and then continues after the third he realizes he is live to Australia.

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We (www.mysocal-realestate.com) have been tracking foreclosures in Orange County since the fall. The numbers have been increasing steadily, especially in Santa Ana and Anaheim. 10600 (NOD, NTD, REO) is a lot bigger number than the mainstream media let on. The worst part is the erosion on wealth affecting all home owners. We make use of specialized software to compare the foreclosure activity to the MLS data to find pockets of opportunity and risk. One of the main features we use extensively is sort by $/sqft with filters for size, type, and # of bedrooms to see which cities and areas are worse off than others. We meet each Friday afternoon in Laguna Beach and are more than happy to share our property and market finding with others. Or just drop us a line through out website. www.mysocal-realestate.com

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Obama Refinance Plan Avoid Foreclosure with Lower Mortgage Interest Rates – Subprime Blogger (blog)


BigPond News
Obama Refinance Plan Avoid Foreclosure with Lower Mortgage Interest Rates
Subprime Blogger (blog)
By doing this there's a good possibility that you will avoid foreclosure in the future. If you have a decent credit score and equity in your home you might
Wells Fargo Home Loan Fed To Keep Interest Rates Low, Refinance Or Get Home Red, White, and Blue Press (blog)

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