Category Archives: Foreclosure

Foreclosure Specialist Indicted over Kickbacks

This AP story was less than clear to me. As I read it, Granillo was a Fannie Mae employee who sought to augment his income through illegal kickbacks. So, the bottom line is that corruption is alive and well throughout … Continue reading

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Reno Foreclosure Filings

The number of foreclosure filings has dropped slightly compared to two years ago. Washoe County recorded 7,981 foreclosure-related filings in 2011. Jason Hidalgo of the RGJ attributes much of the decrease to AB 284 which requires the foreclosure documents to … Continue reading

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Fannie Mae Increases Mortgage Help for Unemployed Borrowers

Fannie Mae followed Freddie Mac by issuing new guidelines for unemployed homeowners facing foreclosure.  An unemployed homeowner can receive as much as twelve months forbearance. The servicer can approve an unemployment forbearance term of six months without obtaining Fannie Mae’s … Continue reading

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HUD Evicts 101 Year Old Woman & Reconsiders

HUD evicted a Detroit woman but then realized it was a “mistake.” The mistake was that the woman was 101 years old and the news caused a large enough uproar that HUD was embarrassed and reconsidered the eviction. “We were … Continue reading

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Washoe County Foreclosures Lower for June

Washoe County foreclosure filings for June were down 10 percent from May and nearly 22 percent from June 2010, according to foreclosure tracker. RealtyTrac  1,035 foreclosure related filings were recorded for the month. This makes 54 months in a row … Continue reading

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Guilty Pleas in California Bid Rigging Scam

Don't get caught conspiring with anyone to not bid against each other at foreclosure auctions.  It could prove to be very costly, indeed. Eight Bay Area real estate investors have agreed to plead guilty for their parts in two conspiracies … Continue reading

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Fraudulent Senate Candidate Fighting Foreclosure

Fraudulent U.S. Senate candidate Jon Scott Ashjian sued two lenders and a law firm, charging they’ve been wrongfully trying to foreclose on his Las Vegas home. An attorney for Ashjian and his wife Bonnie Ashjian filed suit this month against … Continue reading

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Deputies Seize Bank property for Homeowner

We’ve all seen enough stories about banks foreclosing on poor, hapless homeowners.  We have also seen a lot of stories about how badly Bank of America treats it’s customers. Here is a story that should gladden your heart. Bank of … Continue reading

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Would a Foreclosure Really Affect My Credit Score?

Yes, Virginia.  A foreclosure would significantly affect your FICO credit score, as would missing a payment or maxing out your credit cards.This post at The Mortgage Reports shows graphically how your FICO scores can be affected. Max-Out A Credit Card … Continue reading

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Suit Filed Against Seven Major U.S. Banks Alleging Fraud Against Homeowners

Philip Kramer, an attorney from Calabasas, California filed suit against seven US banks alleging they defrauded homeowners. Kramer has filed lawsuits against Bank of America, JP Morgan Chase, Washington Mutual, One West-Indy Mac, GMAC, Wells Fargo/Wachovia and Citibank which he … Continue reading

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