Tag Archives: Moratoriums

Bank of America Halts Evictions Nationwide

Before this is over I would expect nearly every state to join in these lawsuits. Legal costs will be massive.

However, it is very important to remember that except in extremely rare and highly publicized cases, there is essentially no dispute that who were foreclosed on have not been paying their mortgages and are in default. Continue reading

Posted in Foreclosures, Fresh Perspectives, Mortgage News | Tagged BofA, Foreclosures, MERS, Moratoriums | Leave a comment

California Moves to Slow Foreclosure Process Again

There are a number of housing bills moving through the California State legislature. Their effect if passed will be to further delay the foreclosure process. Continue reading

Posted in Best Of The Storm, Foreclosures, Fresh Perspectives, Home Economics | Tagged California legislature, Foreclosures, HELOCs, Loan Modifications, Moratoriums, NOD | 1 Comment

2.8 Million Properties in Foreclosure in 2009

From RealtyTrac YEAR-END REPORT SHOWS RECORD 2.8 MILLION U.S. PROPERTIES WITH FORECLOSURE FILINGS IN 2009 IRVINE, Calif. – Jan. 14, 2010 – RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its Year-End 2009 Foreclosure Market Report™, which … Continue reading

Posted in Everything About Foreclosures | Tagged Foreclosures, HAMP, Loan Modifications, Moratoriums, Notice of Default | Leave a comment

8 Keys to the Housing Market in 2010

Here are 8 keys to the housing market in 2010. 1. Shadow Inventory of Foreclosures: Will it be a tsunami or a trickle? Beginning with the first of the moratoria in August of 2008, banks simply have not been foreclosing … Continue reading

Posted in Best Of The Storm, Home Economics, Social Mood Swings | Tagged Bailouts, Bank Failures, Bernanke, City Budgets, Consumer Spending, County Budgets, Credit Card Debt, Credit Crunch, Deflation, Depression, Extend and Pretend, Forecasts, Foreclosures, Frugality, HAMP, Holidays, Housing Bubble, Interest Rates, Jobless Recovery, Loan Modifications, Making Home Affordable, Moratoriums, NAR, negative equity, Obama, Pension Funds, Recession, Refinancing, REO, Shadow Inventory, State Budgets, Stimulus, Stock Market, strategic default, Strategic Defaults, Tax Credits, Taxes, Violence, Walk Away, Walking Away | Comments Off

Citigroup to Postpone Foreclosures for the Holidays

This happens every year with just about every bank. I’m actually surprised we’ve made it this far into December without more announcements like this. The Associated Press reports: Citigroup Inc. will suspend foreclosures and evictions for 30 days in a … Continue reading

Posted in Everything About Foreclosures | Tagged Foreclosures, Moratoriums | Comments Off