Foreclosures

Foreclosures

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.”

Nonprofits Blast California Chamber of Commerce for Picking on Widowed Homeowners

The California Chamber of Commerce is holding its annual “Capitol Summit” meeting this week, and two statewide nonprofits are calling on the Chamber to reverse its position on legislation that would protect widowed homeowners from unnecessary foreclosures

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

A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced

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

Two Northern California real estate investors have agreed to plead guilty for their role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California, the Department of Justice announced

Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging and Fraud...

Felony charges were filed today in the U.S. District Court of the Northern District of California in Oakland against Ramin Yeganeh of San Mateo, California.

CalHFA Awarded $450,000 to Provide Counseling for Struggling Homeowners Provides assistance to California homeowners...

The California Housing Finance Agency (CalHFA) today announced that it will receive more than $450,000 in additional federal dollars to provide free counseling to homeowners struggling to avoid foreclosure

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

WASHINGTON, D.C. - November 24, 2014 - (RealEstateRama) -- Two Northern California real estate investors have agreed to plead guilty for their role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced

Community Groups Question OneWest’s Foreclosure Record As Part of Too Big To Fail Bank...

San Francisco - October 17, 2014 - (RealEstateRama) -- As part of a five-day awareness campaign about the potential impacts of a new, Too Big To Fail bank merger, a nonprofit bank advocacy coalition raised questions today about OneWest’s track record of helping (or not helping) distressed homeowners.

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.

Popular Government & Nonprofit Press Releases

Cotton Medical Center

Meridian Receives Two National Awards for Excellence in Healthcare Real Estate

Cotton Medical Center, Meridian’s 115,000-square-foot, two-building medical office complex located at 50 Alessandro Place and 50 Bellefontaine Street in Pasadena, California, won the award for “Best Renovated or Repurposed Healthcare Facility.” Located in Los Angeles County, this renovation was Meridian’s first ambulatory out-patient value-add medical office acquisition in Southern California.

Recent Government & Nonprofit Press Releases

EPA requires Granite Rock to control stormwater runoff, improve oil spill...

The U.S. Environmental Protection Agency has reached a settlement with Granite Rock Company over Clean Water Act violations at three of its road materials manufacturing and recycling facilities in Northern California. The agreement requires the company to pay a $102,051 penalty to address stormwater discharge violations at two of its Redwood City facilities and oil pollution prevention violations at a facility in Aromas. Granite Rock will also complete a watershed cleanup project as part of the settlement.