Foreclosures

Foreclosures

Rep. McNerney Writes Bipartisan Bill to Aid Homeowners Facing Foreclosure

WASHINGTON, D.C. - September 18, 2014 - (RealEstateRama) -- Today, Congressman Jerry McNerney (CA-09) introduced the Fast Help For Homeowners Act, to help speed up the short sale process and aid homeowners who may otherwise be facing foreclosure

New Report Finds Ongoing Servicer Mistakes Push Homeowners to Foreclosure

San Francisco, CA: - May 20, 2014 - (RealEstateRama) -- A new survey of housing counselors and attorneys finds homeowners are facing unreasonable delays, numerous obstacles, and servicer run-arounds in seeking help from their mortgage servicers, despite new laws, programs, and settlements intended to protect homeowners

California Foreclosure Starts Hover Near 8-Year Low

La Jolla, CA. - April 23, 2014 - (RealEstateRama) -- For the third consecutive quarter California foreclosure starts remained little changed at a level last seen in early 2006, the result of steady economic growth and higher home values. Foreclosure processors are still mostly plowing through a pool of toxic subprime mortgages originated back in mid-to-late 2006, a real estate information service reported.

California Foreclosure Starts Dip to Eight-Year Low

La Jolla, CA. - January 21, 2014 - (RealEstateRama) -- The number of California homeowners pulled into the formal foreclosure process dropped to an eight-year low last quarter, the result of an improving economy, foreclosure prevention efforts and higher home prices, a real estate information service reported.

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

WASHINGTON, D.C. - January 3, 2013 - (RealEstateRama) -- Three Northern California real estate investors have agreed to plead guilty for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced

Eastern California Real Estate Investor Pleads Guilty to Bid Rigging and Fraud at Public...

WASHINGTON, D.C. - January 2, 2013 - (RealEstateRama) -- An Eastern California real estate investor pleaded guilty today to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions in Eastern California, the Department of Justice announced.

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

WASHINGTON, D.C. - December 16, 2013 - (RealEstateRama) -- Felony charges were filed today in the U.S. District Court for the Northern District of California, in San Francisco, against Florence Fung of Sacramento, Calif, and Michael Navone of San Rafael, Calif. Fung and Navone are the 39th and 40th individuals to plead guilty or agree to plead guilty as a result of the department’s ongoing antitrust investigations into bid rigging and fraud at public real estate foreclosure auctions in Northern California

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

WASHINGTON, D.C. - November 5, 2013 - (RealEstateRama) -- A Northern California real estate investor pleaded guilty today for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced

NHS of Los Angeles County to Partner with Freddie Mac to Launch Take Root...

Los Angeles - September 16, 2013 - (RealEstateRama) -- Freddie Mac (OTCQB: FMCC), Neighborhood Housing Services of Los Angeles County (NHS) and a coalition of local non-profits, lenders and housing partners are joining forces to launch Take Root Los Angeles, a new campaign to stabilize Los Angeles County neighborhoods by connecting Los Angeles County residents to foreclosure prevention assistance and homeownership opportunities.

Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging at Public...

WASHINGTON, D.C. - June 18, 2013 - (RealEstateRama) -- A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced

Ranking Member Waters Joins Sen. Blumenthal, Rep. Capps to Urge Obama Administration to Protect...

Washington, DC - June 6, 2013 - (RealEstateRama) -- Today, Ranking Member Maxine Waters (D-Calif.), joined U.S. Senator Richard Blumenthal (D-Conn.) and Lois Capps (D-Calif.), in sending a letter to eight executive agencies urging them to protect surviving spouses from foreclosure. This segment of the homeowner population – often women in their later years – faces unique circumstances that unfairly deprive them of opportunities to avoid losing their home.

California Senate Leadership seeks to punish homeowners and REALTORS® for opposing $75 recording tax

LOS ANGELES, CA - May 28, 2013 - (RealEstateRama) -- This morning the Senate Appropriations Committee approved Senate Bill 30 (R. Calderon), which would extend existing provisions of state law protecting homeowners from having to pay income tax on a "short sale." SB 30 is sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

Congressman McKeon and Congressman Peters Introduce the Communities Achieving Sustainability Act

Washington, D.C. - May 17, 2013 - (RealEstateRama) -- This week, Congressman Howard “Buck” McKeon (R-CA 25) and Congressman Scott Peters (D- CA 52) introduced H.R. 1997, the Communities Achieving Sustainability Act (CASA). CASA Authorizes the Housing Urban Development (HUD) to make 203k loans to small investors for a 2-year period. This legislation will help revitalize communities (especially those hurt most by the recent foreclosure crisis), increase property values and create economic growth in the housing market.

Rep. Miller Applauds Federal Grants to Promote Affordable Housing in Richmond

WASHINGTON, DC - April 29, 2013 - (RealEstateRama) -- The Community Housing Development Corporation (CHDC) of North Richmond will receive $145,720 in federal grants to promote affordable housing and bolster foreclosure counseling, U.S. Rep. George Miller (D-Contra Costa) announced today.

CalHFA Awarded Nearly $1.3 Million to Provide Counseling for Struggling Homeowners

SACRAMENTO - April 25, 2013 - (RealEstateRama) -- The California Housing Finance Agency (CalHFA) today announced that it will receive nearly $1.3 million in additional federal dollars to provide free counseling to homeowners struggling to avoid foreclosure.

McNerney Introduces the Home Act to Help Homeowners Avoid Forclosure

WASHINGTON, D.C. - April 25, 2013 - (RealEstateRama) -- Congressman Jerry McNerney (D-Stockton) introduced the Housing Opportunity and Mortgage Equity (HOME) Act of 2013 to help underwater homeowners avoid foreclosure. The HOME Act will help lower homeowners’ monthly mortgage payments, providing them with a path to stay in their homes

Golden State Foreclosure Starts Lowest Since Late 2005

WASHINGTON, D.C. - April 23, 2013 - (RealEstateRama) -- The number of California homeowners entering the foreclosure process plunged to the lowest level in more than seven years last quarter. The unusually sharp drop in the number of mortgage default notices filed by lenders stems mainly from rising home values, a strengthening economy and government efforts to reduce foreclosures, a real estate information service reported

Attorney General Kamala D. Harris Announces $9.4 Million in California Homeowner Assistance Grants

SAN FRANCISCO, CA - April 19, 2013 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced California’s National Mortgage Settlement Grant Program has...

Waters Introduces Legislation to Rehab Foreclosed, Vacant, and Abandoned Properties

WASHINGTON, D.C. - March 28, 2013 - (RealEstateRama) -- Congresswoman Maxine Waters, Ranking Member of the House Committee on Financial Services, introduced the Project Rebuild Act of 2013 on Thursday afternoon. This legislation would provide funding for the rehabilitation of foreclosed and abandoned properties, helping to prevent the deterioration of neighborhoods which leads to plummeting housing prices and lower quality of life for residents.

Annuity and home refinance scam cause homeowners’ foreclosure

LOS ANGELES, CA - March 19, 2013 - (RealEstateRama) -- The California Department of Insurance (CDI) announced today that Harold John Shields of Hawthorne, CA, 57, was extradited from Houston, Texas on March 7, 2013 and booked in the Century Sheriff Station in Lynwood, CA. The suspect has been arraigned and charged with two felony counts of grand theft and two felony counts of theft from elder. Shields is being held on $500,000 bail.

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Congressman John Garamendi

Congressman John Garamendi’s Statement on FEMA approval of request for Emergency...

Congressman John Garamendi (D-Davis, Fairfield, Yuba City) issued the following statement after the Federal Emergency Management Agency (FEMA) approved Governor Jerry Brown’s request for an Emergency Disaster Declaration in response to the Oroville Dam spillway situation and a Major Disaster Declaration as a result of the January storms:

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Rep. McNerney Statement on the Confirmation of Scott Pruitt as EPA...

Congressman Jerry McNerney issued the following statement in response to the Senate confirmation of Scott Pruitt as Administrator of the U.S. Environmental Protection Agency. “Any doubt that Mr. Trump would keep his promises to protect the environment were put to an end when he nominated Mr. Pruitt to head the U.S. Environmental Protection Agency (EPA).