Foreclosures made up 20 pct. of home sales in 3Q
Foreclosures made up 20 pct. of home sales in 3Q
By Alex Viega, The Associated Press, January 26, 2012
LOS ANGELES — Foreclosures made up a smaller slice of all U.S. homes sold in last year's third quarter, as banks delayed placing properties for sale and home sales slowed.
Foreclosure sales decline locally
By Tom Knox, The Daytona Beach News-Journal, January 26, 2012
Sales of foreclosure properties declined in both Volusia and Flagler counties in the third quarter of 2011, according to data released Wednesday by national research firm RealtyTrac.
Two Obama initiatives to address foreclosure crisis face hurdles
By Jim Puzzanghera and Alejandro Lazo, Los Angeles Times, January 26, 2012
Two new initiatives from President Obama to address the foreclosure crisis — more help for struggling homeowners and aggressive investigations of financial firms — face significant hurdles as the nation's real estate troubles linger in a volatile election year.
California Democrats cheer Obama's housing proposal, but want much more
By Mike Lillis, The Hill, January 25, 2012
President Obama's latest housing proposal is a welcome change but won't come close to solving the nation's foreclosure crisis, California's House Democrats warned Wednesday.
Bank Foreclosure Deal ‘Inadequate,’ Says California’s Harris
By Joel Rosenblatt, Bloomberg, January 25, 2012
A proposed multistate settlement with Bank of America Corp., JPMorgan Chase & Co. and three other U.S. mortgage servicers to resolve probes of foreclosure practices is “inadequate for California,” state Attorney General Kamala Harris’s office said.
Donna Berger: Safe harbor condo legislation in Tallahassee ill-advised
By Donna DiMaggio Berger, Sun Sentinel, January 26, 2012
In a sign of the times, a proposed amendment to a legislative bill currently under consideration in Tallahassee is fueling a controversy that would rally homeowners in more than 60,000 condominium, HOA and other community associations statewide against mortgage lenders who foreclose on homes in those communities.