RealtyTrac acquires online data aggregator Homefacts
Inman News, April 19, 2012
Foreclosure data company RealtyTrac has acquired Homefacts, a website that allows users to research homes for nearby health and safety hazards, the company announced today.
RealtyTrac: Short Sales Up 33% in January, Outpace REO Sales in 12 States
By Esther Cho, DSNews, April 19, 2012
With the number of short sales increasing and even outnumbering REO sales in certain states, experts are speculating short sales might become key to preventing an even greater swelling of foreclosed properties on the market.
Foreclosure bills will get legislative hearings
By Don Thompson, Associated Press, April 19, 2012
Sacramento, Calif. — The Legislature started moving ahead Thursday with bills intended to protect homeowners in the foreclosure process, setting up a potential showdown between the state attorney general and mortgage lenders.
Inside The Foreclosure Factory, They're Working Overtime
Associated Press, WITN TV, April 20, 2012
In a quiet office in downtown Charlotte, N.C., dozens of Wells Fargo’s foreclosure foot soldiers sit in cubicles cranking out documents the bank relies on to seize its share of the thousands of homes lost to foreclosure every week.
Foreclosure Discounts Shrink in 2012
By Steve Cook, UPI.com, April 19, 2012
The rates that foreclosures and short sales are discounted from full-price properties have declined significantly in 2012, especially discounts for higher priced properties and in some of the markets hit hardest by foreclosures in the past.
Ohio Attorney General Sues Over Scam Foreclosure Fix Scheme
By Mike DeWine, HuntingtonNews.net, April 19, 2012
(COLUMBUS, Ohio) – Ohio Attorney General Mike DeWine today announced a lawsuit against Christopher Rojas of Irvine, Calif., for running a foreclosure rescue operation that used multiple business names and failed to deliver on its promises to lower consumers' mortgage payments. The lawsuit charges Rojas with multiple violations of Ohio's consumer laws.