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Florida 14-year Old Buys REO, Become Landlord By Anna Marie Hibble, San Francisco Chronicle, March 13, 2012 San Francisco Chronicle blogger Anna Marie Hibble reports on a 14-year old Florida girl who bought an REO and is now a landlord. Instead of buying...
Banks Won’t Get Off That Easy in Mass. By Paul McMorrow, Boston Globe, Dec. 6, 2011 (Opinion) Nobody at the White House got served when Attorney General Martha Coakley announced a blockbuster lawsuit against five of the biggest mortgage banks in...
Political pressure is mounting on banks to freeze foreclosures amid widespread allegations that lenders deliberately fabricated legal documents to speed up hundreds of thousands of foreclosure filings. Last month, three major lenders — Bank of America...
Foreclosure Activity Up Across Most US Metro Areas October 27, 2010, Associated Press The foreclosure crisis intensified across a majority of large U.S. metropolitan areas this summer, with Chicago and Seattle — cities outside of the states that...
Robostop October 14, 2010, The Economist How did foreclosures go, in a matter of weeks, from just another miserable statistic in America’s housing bust to the subject of a scandal with its own “-gate” suffix? The answer is a combination...
Probe Targets Foreclosure Paperwork October 13, 2010, Wall Street Journal A Florida probe is focusing on paperwork by a Georgia mortgage-processing company that may have tainted tens of thousands of foreclosures. From Suite 350 at a suburban Atlanta office...
The Real Foreclosure Crisis: Who Owns The Mortgages? October 12, 2010, The Huffington Post For all the headlines given to foreclosure affidavits and robo-signing virtually no one has mentioned the real point, the idea that the affidavits themselves may...
Foreclosures, Forestalled October 11, 2010, Wall Street Journal The recent suspensions of foreclosures by four major companies that service mortgages compound a problem that had existed for years in states where foreclosures are handled by the courts...
Nearly One in Four Second-quarter Home Sales a Foreclosure September 30, 2010, Reuters Nearly one in every four U.S. homes sold in the second quarter was a deeply discounted foreclosed house, putting the market on pace to work through distressed properties...