Foreclosures

Foreclosures

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.

Neighborhood Housing Services of Los Angeles County (NHS) Along With the City of Pico...

Los Angeles, CA - March 8, 2013 - (RealEstateRama) -- Neighborhood Housing Services of Los Angeles County is joining forces with City of Pico Rivera to help families with homeownership. Home affordability is higher now than in the past, this is a great time for families to purchase their first home. Although foreclosure filings in California reached the lowest it’s seen in six years during the fourth quarter of 2012, there are still families struggling to save their homes. Southern California residents can take the first step in the home buying process or saving the home they already own from foreclosure, by attending this FREE event on Saturday, March 9, 2013

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

WASHINGTON, DC - March 8, 2013 - (RealEstateRama) -- Two 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

Neighborhood Housing Services of Los Angeles County (NHS), Assemblymember Raul Bocanegra and Pacoima Neighborhood...

Los Angeles, CA - March 4, 2013 - (RealEstateRama) -- At first glance, Pacoima looks like any other quaint neighborhood. What makes this community different is that it’s located in an area that has been significantly affected by the foreclosure crisis. Neighborhood Housing Services of Los Angeles County (NHS) along with Assemblymember Raul Bocanegra, the Pacoima Neighborhood Council and over 100 residents and volunteers will join together with paint brushes, brooms and shovels to beautify a block in Pacoima, CA on Saturday, March 2, 2013 for Neighborhood Pride Day

Waters Requests Hearing on Termination of Independent Foreclosure Review Process

Washington, DC - February 6, 2013 - (RealEstateRama) -- Congresswoman Maxine Waters, ranking member of the House Financial Services Committee, today sent the attached letter to Jeb Hensarling, chairman of the committee, requesting that he hold a hearing about the abrupt end of the Independent Foreclosure Review (IFR) process

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

WASHINGTON, DC - February 5, 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.

California: Foreclosure Starts Lowest Since 2006

La Jolla, CA - January 28, 2013 - (RealEstateRama) -- The number of California homeowners pushed into the foreclosure process fell last quarter to the lowest level in six years, the result of rising home values, an improving economy and a shift toward short sales, a real estate information service reported.

Attorney General Kamala D. Harris Announces the California Homeowner Bill of Rights to Take...

SACRAMENTO, CA - December 21, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced that the California Homeowner Bill of Rights, a landmark package of legislation that extends key mortgage and foreclosure protections to California homeowners and borrowers, will take effect on January 1, 2013

Attorney General Kamala D. Harris Announces Homeowner Assistance Grant Program

SAN FRANCISCO, CA - November 22, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced a $10.4 million grant program for organizations that provide housing counseling and legal services to homeowners. The grant funds were secured through the National Mortgage Settlement with the goal of providing assistance to homeowners impacted by California's foreclosure crisis.

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

WASHINGTON, DC - November 1, 2012 - (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.

Brown Directs Nation’s Fourth Largest Home Lender to Suspend Foreclosures Until It Proves It...

LOS ANGELES, CA - September 27, 2010 - (RealEstateRama) -- Attorney General Edmund G. Brown Jr. today directed Ally Financial, Inc., formerly known as GMAC, to prove immediately that it is complying with state law or, if it cannot, to cease and desist from foreclosing on California homes.

Popular Government & Nonprofit Press Releases

California Resident Sentenced to Prison for Filing Fraudulent Tax Returns Using...

A California resident was sentenced to 54 months in prison today for conspiring to file false claims for tax refunds, submitting false claims for tax refunds, mail fraud, and aggravated identity theft, announced Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Brian J. Stretch for the Northern District of California

Recent Government & Nonprofit Press Releases

Hanley Investment Group Completes Sale of Lancaster Triangle in Los Angeles...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the sale of Lancaster Triangle, a 35,569-square-foot multi-tenant shopping center in Lancaster, California.