Foreclosures

Foreclosures

Two Real Estate Investors Plead Guilty To Bid Rigging In Northern California

Two real estate investors pleaded guilty for their role in conspiracies to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced. Joseph J. Giraudo pleaded guilty to two counts of bid rigging, and Kevin B. Cullinane pleaded guilty to one count of bid rigging.

Northern California Real Estate Investor Sentenced To Prison For Rigging Bids At Public Foreclosure...

After being convicted at trial, a Northern California real estate investor was sentenced today for his role in a conspiracy to rig bids at public real estate foreclosure auctions, the Department of Justice announced.

Northern California Real Estate Investor Sentenced to Prison for Rigging Bids at Public Foreclosure...

After being convicted at trial, a Northern California real estate investor was sentenced today for his role in a conspiracy to rig bids at public real estate foreclosure auctions, the Department of Justice announced.

Northern California Real Estate Investor Pleads Guilty to Bid Rigging at Public Foreclosure Auctions

A Northern California real estate investor pleaded guilty yesterday for his role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced

Northern California Man Sentenced to Prison for Rigging Bids at Public Foreclosure Auctions

After being convicted at trial, a Lafayette, California, man was sentenced to 12 months and one day in prison for his role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

Northern California Real Estate Investor Convicted of Rigging Bids at Public Foreclosure Auctions

A federal jury convicted real estate investor Glenn Guillory for his role in a conspiracy to rig bids at public foreclosure auctions held in Contra Costa County, California, the Department of Justice announced today

Northern California Real Estate Investor Sentenced for Rigging Bids at Public Foreclosure Auctions

A Northern California real estate investor was sentenced yesterday for his role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

Northern California Man Convicted of Rigging Bids at Public Foreclosure Auctions

A federal jury convicted Thomas Joyce for his role in a conspiracy to rig bids at public real estate foreclosure auctions held in Contra Costa County, California, the Department of Justice announced today.

FOIA Request Seeks Data on Reverse Mortgage Foreclosures at Steve Mnuchin’s Former Bank

Earlier today, two nonprofit groups submitted a Freedom of Information Act (FOIA) request about reverse mortgage foreclosures conducted against seniors by Financial Freedom, a reverse mortgage servicer previously owned by Steven Mnuchin, who has been nominated for the United States Treasury Secretary position by President Elect Trump.

Memo Shows Evidence of Illegal Foreclosure Practices At OneWest Bank While Steven Mnuchin Was...

A 2013 memo written by attorneys in the Consumer Law Section from the California Attorney General’s office is raising new concerns about the track record of OneWest Bank, and the ethics of its former CEO, Steve Mnuchin, who has been nominated to be Treasury Secretary by President Elect Donald Trump. David Dayen first reported on the memo earlier today in an article in the Intercept.

Four Northern California Real Estate Investors Convicted of Rigging Bids at Public Foreclosure Auctions

A federal jury yesterday convicted four real estate investors for their roles in a conspiracy to rig bids at public real estate foreclosure auctions held in Alameda County, California, the Department of Justice announced.

Two Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging at...

Two Northern California real estate investors have agreed to plead guilty today for their role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

California Reinvestment Coalition Proud of New Law to Protect Californians from “Widow Foreclosures”

The California Reinvestment Coalition is pleased to announce that earlier today, Governor Brown signed SB 1150 (Leno, Galgiani) to protect widows, widowers, and other heirs from unnecessary foreclosures. Senate Bill 1150, the Homeowner Survivor Bill of Rights (SBOR), was co-sponsored by the California Reinvestment Coalition, Housing and Economic Rights Advocates and the California Alliance for Retired Americans

California Assembly Approves Bill to Stop “Widow Foreclosures”

Earlier today, California’s assembly moved one step closer to enacting legislation designed to protect widows, widowers, and other heirs from unnecessary foreclosures. Senate Bill 1150 (Leno, Galgiani), the Homeowner Survivor Bill of Rights (SBOR), was approved by the Assembly with 47 votes for it. The next step is a concurrence vote by the Senate, and then the bill would head to Governor Brown.

California Housing Advocates Respond to CFPB’s Final Mortgage Servicing Rules

The Consumer Financial Protection Bureau released its finalmortgage servicing rule today, with stronger protections to prevent unnecessary foreclosures on successors-in-interest, more commonly known as “widow foreclosures.”

SB 1150 Passes Senate Hurdle After Dramatic Turnaround

Senate Bill 1150, a bill to protect widows, widowers and other heirs from unnecessary foreclosures, passed a key hurdle today when it was voted out of the Senate on a vote that was not without drama. Amidst intense industry lobbying pressure and after appearing to go down to defeat for failing to secure sufficient votes yesterday, the bill secured the needed 21 votes today.

New Data Reveals: CIT Group’s Financial Freedom is Responsible for Nearly 40% of HECM...

Earlier today, the California Reinvestment Coalition called on the Department of Housing and Urban Development (HUD) to impose a moratorium on any additional reverse mortgage foreclosures by CIT Group and its subsidiary, Financial Freedom. The call for a moratorium is based in part on new data (see fact sheet here) that CRC obtained from HUD, indicating that Financial Freedom/CIT Group’s share of reverse mortgage foreclosures (39%) since April 2009 is more than two times greater than the company’s estimated market share (17%).

THOMPSON SECURES MORE THAN $2 MILLION FOR AMERICAN CANYON GREEN ISLAND INDUSTRIAL DISTRICT

U.S. Rep. Mike Thompson (CA-05) today announced a $2,438,681 Economic Development Administration (EDA) investment which will support roadway and infrastructure improvements to the Green Island Industrial District (GRID) in American Canyon. The funds will be used to help reconstruct Green Island Road, a goods movement corridor for the GRID. In August, 2014 Thompson urged Northern California’s EDA representative to support the City of American Canyon’s application for federal funding.

Two Northern California Real Estate Investors Plead Guilty to Bid Rigging and Fraud at...

Two Northern California real estate investors pleaded guilty for their role in bid-rigging conspiracies and mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced today.

C.A.R. 2015 Home buyers Survey findings

With an improving economy and job market over the past year, home buyers have started forming households again, and buyers who previously experienced a foreclosure or short sale are back in the housing market, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2015 Survey of California Home Buyers.”

Popular Government & Nonprofit Press Releases

Special Interests Dim Opportunity For California To Commit To 100% Clean...

Despite overwhelming support from 76% of its constituents, the California State Assembly deferred a vote on Friday on the landmark Senate Bill 100, which would have committed the state to generating 100 percent of its electricity from renewable and zero-carbon sources by 2045. Defying both what’s best for the Golden State and the will of the people, utility companies and electrical unions succeeded in their last-minute ploy to push the bill to next year’s legislative session

Recent Government & Nonprofit Press Releases

AGUILAR ANNOUNCES OVER $625,000 IN HOUSING SUPPORT FOR SAN BERNARDINO VETERANS

Rep. Pete Aguilar announced that Knowledge and Education for Your Success, Inc. (KEYS), a nonprofit organization affiliated with the San Bernardino Housing Authority, received $625,325 in renewal funding for the fifth consecutive year from the Department of Veterans Affairs through the Supportive Services for Veteran Families (SSVF) Program. The program aims to provide services to low-income veterans and their families who are living in, or transitioning to, permanent housing.