Minnesota home foreclosures up 120% in Q2 Jul 26, 2008
RealtyTrac tracks three types of filings: default notices, notices of trustee or foreclosure sale and bank repossessions. cwyant@bizjournals. (Twin Cities Business Journal, MN)
SoCal congresswoman faces write-in challenge Jul 26, 2008
The Citizens for Responsibility and Ethics, a Washington-based watchdog group, asked the House Ethics Committee last month to determine whether Richardson received what amounted to an improper gift when Washington Mutual Inc. rescinded the foreclosure sale of one of her homes in May. Richardson also owned two other homes in her Southern California district that have fallen into default six times. (Fresno Bee -- State)
Foreclosures double from last year Jul 25, 2008
A foreclosure sale sign sits in front of a house in Falls Church, Virginia, just. Business Video. (Yahoo News -- Top Stories)
Fannie Mae Unsold $5 Billion Homes Shows Why Shares Bring Investing Peril Jul 24, 2008
So broker Raymond Megie, who is handling the foreclosure sale, advised cutting the price to $5,000. Megie still couldn't sell it. (Bloomberg)
More trouble for Fannie Mae Jul 23, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Work Out Problems With Lenders? Try to Find Them Jul 20, 2008
The Ahlemans, fearful that any payments they made would be lost in a foreclosure sale or go toward lawyers fees that they were disputing, stopped making their mortgage payments and instead set them aside in a separate bank account. Finally, with a foreclosure sale looming and more than $5,000 in fees on their account, the Ahlemans filed for Chapter 13 bankruptcy protection to try to keep their house. (Atlanta Journal-Constitution -- Business)
Mortgage Insurers Raise Bar Jul 16, 2008
In areas where home prices are dropping, insurers bear greater risks, because a home now is more likely to bring too little at a foreclosure sale to pay off the loan. Rising Prices. (Yahoo News -- Real Estate)
Placer Vineyards lenders can't agree on sale Jul 5, 2008
A foreclosure sale had been set for April but was delayed while other options were explored. The land was purchased in 2004 for $31 million by what is now , a company backed by the principals of now-bankrupt USA Commercial Mortgage Co. of Las Vegas. (Sacramento Business Journal, CA)
Death of a salesman Jul 4, 2008
Only a month ago, in May, Tartan Films USA (Tartan's American offshoot, which had been set up in 2004) hit the reefs with the announcement of a "public foreclosure sale" of all its assets. The UK market for Asian horror films, for so long Tartan's staple, had bottomed out. (Guardian Unlimited)
More NFL news Jun 30, 2008
(AP) -- A foreclosure sale on the home of former Tennessee Titan Adam "Pacman" Jones has been postponed until next month. LONDON (AP) -- The 15,000 tickets available in the second general admission sale for the NFL regular-season game at Wembley Stadium sold out Friday in 30 minutes. (The Palm Beach Post)
Foreclosure sale of 'Pacman' Jones' home postponed Jun 28, 2008
A foreclosure sale on the home of former Tennessee Titan Adam "Pacman" Jones has been postponed until next month ... Jones has defaulted on the terms and conditions of a mortgage, according to a notice of foreclosure sale published earlier this month. (San Francisco Chronicle -- Business)
Rookie pay irks Goodell Jun 28, 2008
" He also imposed the maximum $100 fine and $50 surcharge after Lynch pleaded guilty to failure to exercise due care toward a pedestrian.HENRY FACING ONE LESS CHARGE: The trial of former Cincinnati Bengals receiver Chris Henry will continue Monday, but the receiver will be facing one less charge.Henry, who had been accused of punching a man in the face and breaking his car window with a beer bottle, had been charged with assault and criminal damaging.On Friday, Hamilton County Municipal Court... (News & Observer -- Sports)
Adam 'Pacman' Jones Foreclosure Postponed Jun 28, 2008
(June 27, 2008)--A foreclosure sale involving the home ofsuspended Dallas Cowboys cornerback Adam "Pacman" Jones has been postponed until next month ... Jones, who was traded to Dallas by the Tennessee Titans thisyear, has defaulted on the terms and conditions of a mortgage withU.S. Bank, according to a notice of foreclosure sale publishedearlier this month in The Tennessean newspaper in Nashville. (KWTX.com, TX)
"Short Sales" Climb As Homeowners Bail Out Jun 25, 2008
"And they're always comparing it against foreclosure. Can they get more for a foreclosure sale than they can from a short sale," said Allen Fishbein of the Consumer Federation of America. There's nothing "short" about short sales, either. (CBS News)
Portland Development Commission considers a new loan to stave off foreclosure of the Heritage Building Jun 24, 2008
The Portland Development Commission on Wednesday will try to save the renovated Heritage Building -- one of the city's landmark projects on Northeast Martin Luther King Jr. Boulevard -- from a foreclosure sale next month ... Albina bank has scheduled a July 22 foreclosure sale ... Albina bank told the developer in February that it plans to sell the property in a foreclosure sale in July. (OregonLive, OR -- Business)
Jones sheds 'Pacman' in attempt to change Jun 23, 2008
In Tennessee, a foreclosure sale was published involving Jones home and 30 acres in a Nashville suburb. The home and land are scheduled to be sold Friday on the courthouse steps. (Yahoo News -- Auto Racing)
Future cloudy for two towers Jun 23, 2008
Little took possession of the property on May 27 under a court order and will retain control pending further court action or a foreclosure sale. Little declines to comment. (Charlotte Business Journal, NC)
NFL Lynch to plead guilty in hit and run Jun 21, 2008
Briefly: A foreclosure sale has been published involving the Franklin, Tenn ... Jones has defaulted on the terms and conditions of a mortgage with U.S. Bank, according to a notice of foreclosure sale published in The Tennessean newspaper. (San Francisco Chronicle -- Sports)
Pacman faces foreclosure on home in Tennessee Jun 21, 2008
-- A foreclosure sale has been published involving the home of former cornerback. Jones has defaulted on the terms and conditions of a mortgage with U.S. Bank, according to a notice of foreclosure sale published Thursday in The Tennessean newspaper in Nashville. (ESPN -- Football News)
Buyer sues Calif. congresswoman over foreclosure Jun 14, 2008
In the notice of recission filed as an exhibit in York's lawsuit, the trustee company acknowledges it "had previously agreed to postpone the foreclosure sale until June 4, 2008."Meanwhile, York said in the lawsuit that he has already started making repairs to the house, including painting, restoring the floors, landscaping and general clean-up that have "significantly increased its value."He argues it would be unfair to give the house back to Richardson in better condition than she lost it. The... (Fresno Bee -- State)
Court tosses $1,000 sale of $500,000 Martin home Jun 12, 2008
On Wednesday, a state appeals court nixed a 2007 foreclosure sale in which a company paid $1,000 for a Martin County home worth 500 times as much ... Judge Robert Gross' order said the purpose of the law in this area is "to promote the viability of the foreclosure sale process" and "encourage good faith offers," not protect "outrageous windfalls" to buyers making trifling bids. (The Palm Beach Post)
Nike newest N.F. mall tenant Jun 12, 2008
which acquired the property at a foreclosure sale in 2005. Latest News. (Buffalo Business First, NY)
Seller carryback mortgage ripe with benefits (2) Jun 8, 2008
Should you default, the seller can then foreclose and either get paid in full by a bidder at the foreclosure sale or, if there are no bidders, get the property back to sell for a second profit. USE OF RENTAL PROPERTY SALE CASH HAS NO EFFECT ON TAXES. (Lodi News Sentinel, CA)
Frank-Dodd Rescue Prolongs Housing Slump by Postponing Prospect of Default Jun 7, 2008
The same concern over acknowledging losses extends to second- lien mortgage holders, who, following a foreclosure sale, receive returns on their investments only in the event there is money left after first-lien mortgage holders get paid, said Grant Stern, owner of in Miami Beach, Florida. Second-mortgage holders are already taking big hits, 80 to 95 percent losses, and they're looking to recover whatever they can,'' Stern said. (Bloomberg)
World Trade Center deal? Jun 1, 2008
The other property already went back to the lender in an April foreclosure sale. More Business. (The Palm Beach Post)
One trip around Houston, and they're preaching to the converted May 31, 2008
I spent over a day driving around Houston and its suburbs, and saw only a few foreclosure sale signs. Because the city kept housing costs down, its home owners have been relatively unaffected by the subprime crisis. (Sydney Morning Herald -- Opinion)
Condo builders turn to auction May 30, 2008
"This is not a distress or foreclosure sale it's simply a new way to market our homes," said Greg Wohl, who with his brother, Brian, developed Tribute Lofts. "The market is in a sort of paralysis. Our goal is to get the buyers off the fence.". (Atlanta Journal-Constitution)
From Gaslight to blast site: What's next for Petoskey Pointe? May 30, 2008
To avoid a tax foreclosure sale, developers need to pay those taxes by March 31, 2009. If the court orders a foreclosure sale based on the construction liens before the county pursues one for tax reasons, county treasurer Marilyn May said any unpaid taxes would still be due. (Gaylord Herald Times, MI)
While serving his country, Air Force captain was sued by Harris County May 25, 2008
To collect it, the county said it would sell his house in a foreclosure sale. Once I got the law suit, I called and I said, look, you hit me with a law suit, and there s a valid waiver in place, he said. (KHOU.com, TX)
UPDATE: Calif. congresswoman says home sale was improper... May 24, 2008
Richardson provided the AP with an April letter, which appears to be from Washington Mutual Home Loans, telling her there was a hold on foreclosure sales on her property until June 4. She also provided an e-mail dated Thursday, which she said was from Washington Mutual, that appeared to acknowledge an agreement "to facilitate the recission of foreclosure sale" but gave no financial details. (The Drudge Report)
Trust Deeds, Mortgages, Contracts, Warranty Deeds: What are They? May 22, 2008
", "Great," he exclaimed. I really am stymied by the words and I really like the four-plex and want to buy it. Mimi pulled out her glossary and shared it with Charles. "First of all there is a distinction to be made between financing instruments and ownership instruments," she commented. Financing Instruments Mortgage A mortgage is a document created where by one party pledges to another party as a security for obligations owed to that party. A promissory note is normally executed at the same... (RealtyTimes)
Tartan in Trouble May 21, 2008
The company has announced a "public foreclosure sale" of the contents of its film library, which as of this writing is noted to consist of 101 titles. Whether this move can generate the finances sufficient to keep the company behind the DVD and theatrical release of classics such as Oldboy and Sympathy for Lady Vengence afloat remains to be seen. (IGN FilmForce)
Smooth Short Sales: Tips from a Lender May 16, 2008
REALTOR Magazine Online: The real estate professional's business support tool. YOUR INTERACTIVE MAGAZINE REALTOR.ORG/realtormag. (Realtor Magazine Online)
Strong turnout for DCC foreclosure forum May 14, 2008
" If all else fails and your house is foreclosed, it doesn't mean you have to get out immediately, said John Niebieszczanski, chief of field operations for HUD. "After a foreclosure sale, you have a six-month period of redemption," he said. During that time, a homeowner can make arrangements to pay the debt, he said. "Circumstances can change," Niebieszczanski said. "If you lost a job and fell behind on your payments, you can get a (new) job and refinance your mortgage. You may (pay) a higher... (The News-Herald)
MuchMusic award nominees May 14, 2008
Michael Jackson said a foreclosure sale on his Neverland Ranch set for this week was averted after a loan on the California property said to be worth about $23. 3 million (U.S.) was sold to Colony Capital, a large real estate investment firm. (Toronto Star)
Neverland Ranch Note Sold to Colony Capital May 12, 2008
LAS VEGAS--(BUSINESS WIRE)--Michael Jackson today announced that the foreclosure sale of his Neverland Ranch property scheduled for this week has been cancelled by Colony Capital, LLC, which just acquired the existing loan on Neverland Ranch from an affiliate of Fortress Investment Group. Mr. Jackson said, I am pleased with recent developments involving Neverland Ranch and I am in discussions with Colony and Tom Barrack with regard to the Ranch and other matters that would allow me to focus... (Yahoo! Wire -- Entertainment News)
Simms building sells May 11, 2008
The foreclosure sale of the landmark downtown Albuquerque Simms building was finalized Wednesday. As expected, , a New York City hedge firm that loaned ex-owner Troy Baillio the funds to buy the historic building, put in the winning bid of $7 million. (New Mexico Business Weekly, NM)
Condo's ex-bookkeeper faces jail time May 10, 2008
" Legal notices in The St. Augustine Record on March 10 announced a foreclosure sale would be held on her house in April. Alexander said in his opening statement Friday that, as he called them to the stand, Graham and Assistant State Attorney Cheryl McCray would confirm that they offered Mrwik a non-jail sentence. They didn't. Graham denied telling Alexander that Mrwik would get Pre-Trial Intervention (PTI) in exchange for her cooperation. PTI is a diversion program that may be available for... (The St. Augustine Record)
Simms goes on block next week May 4, 2008
The foreclosure sale of the landmark downtown Albuquerque Simms building is set for May 7. A representative of , a New York City hedge firm that loaned ex-owner Troy Baillio the funds to buy the historic building, said the firm will make an offer of $7 million for the building. (New Mexico Business Weekly, NM)
Ga. #2 in personal bankruptcies May 2, 2008
Filing for bankruptcy protection automatically halts a foreclosure sale and gives the homeowner more time to cover overdue mortgage payments ... Filings at the state's bankruptcy courts usually spike in the days before the first Tuesday of every month, when state law mandates that foreclosure sales be conducted. (Atlanta Journal-Constitution)
All Tangled Up Apr 21, 2008
A foreclosure sale might not be the easiest option, because Countrywide would have to disclose the dispute to potential buyers, and a buyer would have to file a lawsuit to get Gonzales and Va- lladarez out of the home. Future uncertain. (Modesto Bee, CA)
Why Lenders Balk at Short Sales Apr 18, 2008
Research from Clayton Holdings Inc. indicates that lenders lose only 19 percent of the loan amount on average with a short sale, compared to 40 percent on a traditional foreclosure sale. However, short sales require approvals from primary lenders, servicers, investors, and home-equity lenders--a process that can take several months to complete. (Realtor Magazine Online)
50 YEARS AGO TODAYWESTWARD EXPANSION Apr 16, 2008
But like the buyer of a home in a foreclosure sale, the new owners of two of baseball's most prestigious clubs gave little thought to what had precipitated their good fortune. San Franciscans greeted their Giants with an outpouring of gracious and grateful glee. (San Francisco Chronicle)
Lender-Owned Homes May Be Bargains, But They're Hard To Buy Apr 13, 2008
Buyers expect a foreclosure sale, of property a lender's already repossessed, to be smoother ... Richman says most lenders need an OK from any secondary-market owners for foreclosure sales that involve a loss. (Investors Business Daily)
What one agent did to sell a house in today's market Apr 11, 2008
" Among them was a document stating that the lender was 100 percent committed to financing the house. "This meant having the loan completely underwritten, and at this point we only had four days from the foreclosure sale. No lender can do that. (San Francisco Chronicle -- Weird News)
Court Action Will Increase Market Exposure for Distressed Property Sales Apr 9, 2008
e. a Notice of Deficiency has been filed, but the foreclosure sale has not yet taken place). Such investors are known as equity purchasers. (RealtyTimes)
Mezz lenders could be next trouble spot Apr 9, 2008
But values have dropped on many projects and WestLB had scheduled a foreclosure sale on its BFWest notes, said BFWest attorney Michael Seese, a shareholder with in Miami. According to widespread news accounts, WestLB reported annual losses of $2. (South Florida Business Journal, FL)
Join The Conversation Apr 7, 2008
lost their dairy and home when overwhelming bills forced a foreclosure sale of the property. Many of the are in rural towns that are changing, perhaps forever, because of the nation's housing meltdown. (The Palm Beach Post)
Hundreds to foreclose on Placer land Apr 6, 2008
Members: Not Registered. for free extra services. (Sacramento Business Journal, CA)
International Real Estate Investors Buy South Florida Foreclosure Properties through Miami Beach Real Estate Attorney and Short Sale Specialist. Apr 5, 2008
Lender-owned properties are those retained by the lender after a foreclosure sale ... "Cash buyers have a definite advantage, as some properties need to be sold before a foreclosure sale occurs." On one recent transaction, the cash buyer snapped up a new waterfront condominium just days before the foreclosure sale for $320,000. (Yahoo News -- Press Releases)
Foreclosure crisis reaches into rural communities, too Apr 5, 2008
The pair lost the dairy they had owned for 21 years when overwhelming bills forced a foreclosure sale of the property. Conversation guidelines: USA TODAY welcomes your thoughts, stories and information related to this article. (USA Today -- Money)
Foreclosures hit rural communities too Apr 4, 2008
He and wife Janice lost the property they had owned for 21 years when overwhelming bills forced a foreclosure sale. . (MSNBC -- Business)
Recycling company signs contract Apr 2, 2008
The township purchased the property last year from the county for $35,000 through a foreclosure sale. Trustee R.P. Lilly said the township would collect no more on the property whether the price tag was $100,000 or $5 million. (The News-Herald)
Phila. gets temporary foreclosure freeze Mar 28, 2008
In 2004, in response to a then-record monthly foreclosure sale of 1,120 properties, City Council asked the sheriff and courts to intervene. Green received a stay from then-President Judge Fredericka Massiah-Jackson of all residential foreclosure sales in Philadelphia while the conducted a statewide foreclosure study. (Philadelphia Business Journal, PA)
Abandoned homes a growing problem Mar 25, 2008
County records show the foreclosure sale will be April 11 ... "Banks can't do anything with the property until the foreclosure sale, and if that's sidetracked for whatever reason, it takes even longer to correct the problem.". (Daytona Beach News Journal)
Early in campaign, Sununu, Shaheen both focus on mortgage crisis Mar 24, 2008
Concord Monitor Online - AP Headlines. The news you need now. (Concord Monitor)
Recycler to invest $6.5M in new processing center Mar 23, 2008
The township purchased the property last year from Wayne County for $35,000 through a foreclosure sale. Mitchell said because the land would be utilized for non-governmental purposes, the township would recoup the $35,000 and the remainder of the money would go to the county for its tax fund. (The News-Herald)
* China Metal buys 10 more floors at Taipei's Asiaworld Mar 22, 2008
"However, as it was a foreclosure sale and the transaction was large in both quantity and amount, the price is still considered to be reasonable," Stanley Su (a), the director of Sinyi's research and development department, said by phone yesterday. The CMP Group's shares rose NT$1. (Taipei Times, Taiwan -- World)
After subprime collapse, be aware of TX foreclosure laws Mar 16, 2008
Power of sale gives the trustee the right to conduct a non-judicial foreclosure sale pursuant to the terms of the deed of trust and Section 51 ... During a foreclosure sale, the trustee stands at the area designated by the commissioners court of the county and auctions the property to the highest bidder ... The warranty of title in the trustee's deed is from the grantor of the deed of trust (the borrower) to the purchaser at the non-judicial foreclosure sale, not a warranty of title from the... (San Antonio Business Journal, TX)
Judge upholds mechanics lien against Hale Mar 15, 2008
With a lien in place, Kane Construction could move to have the tower sold in a foreclosure sale and collect the money it is owed from the proceeds of that sale. During a brief hearing before Circuit Court Judge Carol E. Smith Thursday morning, Hale's lawyer, Gillis Green, offered no defense to Kane's allegations. (Baltimore Business Journal, MD)
Should I Buy a House Now? Mar 7, 2008
In today's buyers market we are seeing a spike in housing inventory whether it is a straight sale, foreclosure sale, or short sale. These sellers and/or lenders are competing against one another for the qualified pool of home buyers, said Garceau in a March 2008 interview. (Suite101.com)
Snag In Powder Ridge Deal Mar 7, 2008
The land was up for a foreclosure sale last spring, but that was halted when an attorney representing a group of unsecured creditors filed an involuntary bankruptcy petition. Last April, more than 1,000 of Middlefield's approximately 4,000 residents voted in a referendum to support a tax increase needed for the town to borrow as much as $2. (FOX61, CT)
NOTICE OF MORTGAGE Mar 7, 2008
The Sleepy Eye Herald Dispatch - Legals. Friday, March 07, 2008. (Sleepy Eye Herald Dispatch, MN)
Ohio foreclosure rate among top 10 nationwide in January Feb 27, 2008
The state's No. 9 rank nationwide accounts for 5,357 notices of pending litigation, 3,653 notices of foreclosure sale and 3,775 bank-owned filings. Ohio ranked fourth nationwide for the number of pre-foreclosure and foreclosure filings, with California leading the nation with 57,158, or one for every 227 properties. (Dayton Business Journal, OH)
Scituate lavender halfway house may have to close Feb 26, 2008
After a foreclosure sale in July 2006, Jacobs said a longtime friend, former Scituate resident Diane Terpin, offered to help her by buying the home and taking out a mortgage. Jacobs said the plan was that she would then make mortgage payments and eventually buy the home back from Terpin, who now lives in Virginia. (Scituate Mariner, MA)
