Bank Foreclosures Sale Articles

The foreclosure fraud settlement - or National Mortgage Settlement Agreement, for the traditionalists out there - is signed and sealed (if not entirely delivered yet). No one expects it to put an end to foreclosure shenanigans in the banking industry, but most expect it to at least provide some measure of support to homeowners struggling to stop foreclosure as well as some compensation to foreclosure victims.

Since the real estate market crash, foreclosure propertieshave made up a significant percentage of overall home sales each year, especially when compared to the number of foreclosure homes sold each year before 2006.

The current real estate market may have potential homeowners weary and unwilling to purchase a new home; however, one thing is certain—there are incredible investment opportunities for anyone interested in the foreclosure market. If you are an investor with an interest in foreclosures then Fannie Mae may have an opportunity of a lifetime for you.

In what amounts to yet another chapter in the ongoing controversy surrounding mortgage giants Fannie Mae and Freddie Mac and foreclosures, California is petitioning the Federal Housing Finance Agency to halt foreclosure related to the two GSEs.

There's good news and bad news for the nation's mortgage delinquency rate.

Without a doubt, 2010 was the roughest year for foreclosures in America on record. That year, banks took back roughly 1.05 million home foreclosures, with 2.9 million foreclosure filings occurring. In 2011, those numbers subsided a bit, but only because the foreclosure fraud scandals of 2010 put a virtual halt to the foreclosure process across the country. As a result, only 804,000 homes were repossessed, against nearly 3 million filings.

The Federal Reserve Board, in conjunction with the Office of the Comptroller of the Currency, has formally extended the deadline for foreclosure review by 90 days. The previous deadline was April 30th of this year; the new deadline is now July

Those in the banking industry and in the federal government – as well as a good chunk of state attorneys general who participated in the negotiations and therefore have a lot invested professionally in the success of the deal – would say that the consumer won. After all, the banks have to pay at least $26 billion, including checks written directly to thousands of Americans and principal reductions for many homeowners who are [...]

Mortgage rates have never been this low in recorded history (since mortgage rates have been tracked), a testament to the impact the Federal Reserve is having on borrowing and lending in this country. The last few months have been a far cry from the days of 6-8% interest rates in the hey-day of American real estate from 2001 to 2006, before the housing bubble popped so

The recent changes to the much-criticized Home Affordable Modification Program (HAMP) proposed by the Obama administration may have a limited impact on home foreclosures and homeowners seeking to stop foreclosure, according to some experts in the field.

Today, a consortium of the nation's largest lenders, besieged by criticism of deceptive foreclosure practices like rubberstamping and "robo-signing" foreclosures, announced it had agreed to the terms proposed in a settlement.