Homeowners in mediation programs face court backlog of foreclosure cases

Homeowners in mediation programs face court backlog of foreclosure cases
June 12, 2010 — Washington Post

Shortly after Orlando Eslava's bank started to push him through the foreclosure process last year, he got some good news: He was eligible for a government mortgage relief program that would lower his loan payments. But the lender plowed ahead with the foreclosure sale anyway, taking back the condo in Aventura, Fla., even as Eslava made payments under the federal plan.

BofA can resume Utah foreclosure sales
June 11, 2010 — Salt Lake Tribune

A federal judge on Friday dissolved a court order that had stopped one of the country's largest banks from selling foreclosed homes in Utah.

Jobs key to housing recovery
June 14, 2010 — Reuters

Record high foreclosures and a high jobless rate both pose significant challenges to the housing market, but some recovery in labor markets and record low mortgage rates could partly overcome other pressures, said the study from the Joint Center for Housing Studies at Harvard.

Foreclosure defense business booming in South Florida
June 12, 2010 — Sun Sentinel

After an hour-long foreclosure defense workshop, Weston lawyer Roy Oppenheim called for questions and turned to Ailene Colini. Laid off, stuck with an "underwater" mortgage and fed up with her lender, she wanted to know about a radical option.

National Home Values Continue to Fall in April 2010; Sales Likely to Dry up after Tax Credit Expiration
June 14, 2010 — RISMedia

Homes values fell 0.38% nationally from March 2010 to April 2010 and were down 4.1% from their levels in April 2009 for monthly and annualized appreciation). The rate of monthly depreciation has remained fairly steady since January, albeit at rates slightly above October 2009 levels when we recorded the smallest month-over-month decline in recent years (-0.27%).