Brooks man sweeps city foreclosures
A Brooks man beat a crowded field of bidders July 17 to pick up three Belfast tax foreclosure properties. The City Council held onto a fourth property to investigate a bid by Belfast Water District.
Similar Posts
Van Nuys Man Ordered Detained on Bankruptcy Fraud Charges
ByadminA Van Nuys man was ordered detained Friday, June 16, pending trial on federal charges alleging he ran a foreclosure-avoidance scheme that raked in $ 7 million from distressed homeowners. Michael “Mickey” Henschel, 68, was arrested June 14 by federal agents pursuant to an 11-count indictment returned by a Los Angeles federal grand jury on…
Delinquencies Signal “Final Stages” of Recovery
ByadminTo no one's surprise, measures of mortgage distress , including delinquencies, serious delinquencies, and foreclosures, were down again in August , with many metrics falling into fractional percentage territory. According to CoreLogic's Loan Performance Report for the month, the overall delinquency rate, mortgages 30 or more days past due, fell 0.6 percentage points from August…
Scams push foreclosure fraud to limit, taking victims’ homes
ByadminHis wife had died, his career had been ended by injuries, and struggling to get by on his disability check, he had scraped together just enough to pay a lawyer to avoid imminent foreclosure on his modest Brooklyn home. The man on the phone offered a godsend: The foreclosure could be averted, the legal fees…
Wells Fargo accused of preying on black and Latino homebuyers in California
ByadminWells Fargo discriminated against black and Latino homebuyers in Sacramento, California, by pushing them into more expensive mortgages than white borrowers, according to a federal lawsuit that cites former employees. of a “long-standing pattern and practice” of illegal lending in minority and low-income communities that reduced home values, limited property tax revenue and drove up…
Big investors are valuing homes with a method outlawed for everyone…
ByadminBig investors are valuing homes with a method outlawed for everyone else after the housing crash – and the SEC is asking questions Large investors are increasingly using so-called broker price opinions to value and purchase thousands of homes on the brink of foreclosure. A method of valuing homes that was outlawed for most people…
Harrop: Freeing predators to bilk little people hurts everyone
ByadminThe most vivid takeaway from the financial meltdown of 10 years ago was that nearly everyone got hurt. Stock investors took a beating. Foreclosure News