The city of Portland took steps this week to foreclose on four severely ramshackle homes that had been allowed to degrade for years. The move is intended in large part to relieve long-suffering neighbors from living near unsafe, abandoned homes.
It's that time of year again: A redemption deadline for Wayne County property owners facing foreclosure for failing to pay three years' worth of taxes has passed, and those living at places where a homeowner did not make arrangements to start paying off those back taxes now run the risk of losing the roof over…
M&F Bank can no longer tout that it has turned an annual profit every year since it opened its first branch in 1908. M&F Bancorp, the corporate parent of the Durham-based bank, one of the nation's oldest and largest African-American-owned financial institutions, announced late Friday that for the full year 2016 it posted a net…
Secretary of the Commonwealth William F. Galvin has charged a Milton, Mass., man with using a fraudulent house-flipping scheme to convince friends and investors to lend him money that he then used on restaurants, hotels and groceries. Galvin's office, which is charged with enforcing the state's securities law, said Ricardo “Rick” Bernard never spent the…
Rather than digging deeper to verify federal tax liens and civil judgments and include them on your credit report, the three major credit bureaus decided to opt out of reporting these items as of July 1, according to a Consumer Data Industry Association announcement Monday. Equifax, Experian and Transunion cut a deal in March 2015…
Recently one of the local newspapers ran an article on the risks associated with short sales. Many agents are not familiar with the drawbacks of short sales and thus, do not explain them they adequately prepare their sellers. Foreclosure News
Masjid Al Aman, a mosque and community center that has served thousands of residents in the City Line section of East New York for over 25 years, is the latest house of worship on the path to foreclosure due to an improper denial of property-tax exemption under the state law that mandates charity organizations pay…
