Attorney General Pam Bondi's Office filed a complaint against HOA Problem Solutions, Inc., as well as several related companies, for using deceptive and unfair practices to acquire properties from financially distressed homeowners. These Floridians' homes faced impending homeowners' association foreclosure auction because of outstanding HOA dues. Foreclosure News
For North Texans struggling to keep current on their mortgages, the offer must've sounded too good to be true. Rather than continue paying their current mortgages, homeowners could get new loans with better terms and stay in their houses. Foreclosure News
A federal housing agency that sold 108,000 distressed mortgages to private equity firms and hedge funds did so without following the proper rules for setting up the program, a government audit has found. A federal oversight agency says that the Department of Housing and Urban Development sold the mortgages over a seven-year period during the […]
An attorney who practices in Bridgeport pleaded guilty Tuesday to conspiring with a business associate in a long-running fraud scheme that targeted distressed homeowners throughout Connecticut. Bradford Barneys, 51, of Odenton, Md., pleaded guilty before U.S. District Judge Michael P. Shea in Hartford to conspiring with Timothy W. Burke , formerly of Easton, in the […]
A 65-year-old former Easton man with a long criminal past and slew of aliases pleaded guilty Tuesday to federal charges of fraud and tax evasion, authorities said. Timothy W. Burke, who goes by the various street names of “Bill Burke,” “William Burke,” “Kerry Saunders,” “Pat Riley,” “Jim Caldwell,” “Jim Saunders,” “Tom Morrisey,” “Jimmy,” “Phil Burke,” […]
BUDAPEST, Jan 20 UniCredit's Hungarian business is in the final stages of selling a distressed mortgage portfolio to Prague-based investor APS Holding in a deal worth tens of millions of euros, multiple financial sector sources said. The deal by Hungary's second-largest lender by assets would be the second such major transaction after Austrian Erste Group […]
Three years and counting. That's how long New Jersey has led the nation in the percentage of residential mortgages considered “distressed.” Foreclosure News
A Sutton man involved in a group of businesses that falsely advertised themselves as nonprofit foreclosure prevention organizations has been ordered to pay more than $ 600,000 for soliciting and spending illegal advance fees received from distressed homeowners, according to the office of Attorney General Maura Healey. According to the attorney general's office, Suffolk Superior […]
The peak in share of distressed sales was Q1 2009 at 43.9 percent of all U.S. single family home and condo sales. The report also shows that all-cash purchases accounted for 25.9 percent of all single family home and condo sales in Q3 2016, down from 27.4 percent in the previous quarter and down from […]
A report released today by the Columbus Realtors trade group shows that such properties are disappearing in the Columbus area. The report found that 8.2 percent of central Ohio homes sold in the third quarter were short sales, foreclosures and bank and government repossessions. Foreclosure News