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Washington, DC - February 25, 2011 - (RealEstateRama) -- Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, issued the following statement today after reports of a deal between the Obama Administration and mortgage servicers to settle systemic fraud issues in the servicing and foreclosure industry

LOS ANGELES, CA - February 23, 2011 - (RealEstateRama) -- Lee & Associates-Investment Services Group Principals Robert Leveen and Matthew Sullivan successfully transacted the sale of a portfolio of three bank-owned multifamily buildings after attracting 10 qualified buyers. The properties, at 4122, 4130 and 4136 Palmwood Drive in the Bald win Village section of Los Angeles sold for $1,725,000 or $73.99 per square foot.

Los Angeles, CA - February 11, 2011 - (RealEstateRama) -- The Los Angeles County NeighborWorks® Center for Foreclosure Solutions and The Long Beach Housing Development Company have partnered to help Long Beach residents become better informed about the foreclosure process and prevent foreclosure in 2011. In the last two years, families in Los Angeles County lost their home to foreclosure every 15 to 18 minutes. Dataquick Information Systems reports 26,703 Los Angeles County families lost their home to foreclosure in 2010. High unemployment rates have weakened homeowners’ ability to stay current on their mortgage loans. In addition, an increase in foreclosures is likely to occur in 2011 when $300 billion worth of adjustable rate mortgages are expected to reset upward.

February 7, 2011 - (RealEstateRama) -- A real estate executive pleaded guilty today in U.S. District Court in Sacramento, California, to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California, Christine Varney, Assistant Attorney General of the Department of Justice's Antitrust Division, and Benjamin B. Wagner, U.S. Attorney for the Eastern District of California, announced

NEWPORT BEACH, CA - January 27, 2011 - (RealEstateRama) -- The recent launch of Brookstone Law PC’s Emergency Extension Department (EED) (www.brookstone-law.com), a new resource to help homeowners facing foreclosure keep their homes, achieved timely results for two local seniors by stopping the sale of their home the day before it was scheduled to be sold

LOS ANGELES, CA - January 25, 2011 - (RealEstateRama) -- A Tacoma, Washington man has been found guilty of federal fraud charges for running a scheme that defrauded the owners of distressed homes by promising to delay or prevent foreclosure through a program that supposedly used notes backed by Treasury bonds to pay off mortgages.

SAN MATEO, CA - January 24, 2011 - (RealEstateRama) -- Congresswoman Jackie (D-San Francisco/San Mateo) and other members of Congress sent a letter (attached) today to Federal Reserve Chairman Ben Bernanke and Acting Comptroller of the Currency John Walsh urging them to hold JPMorgan Chase accountable for overcharging thousands of military families on their mortgages and even wrongfully foreclosing on 14 families

WASHINGTON, D.C. - January 14, 2011 - (RealEstateRama) -- “Today, we heard that banks seized a record 1.05 million homes in 2010, topping the prior record from 2009. This is despite a massive slowdown in foreclosures at the end of the year due to several major banks initiating voluntary moratoria as homeowner lawsuits, news reports and Congressional hearings – like the one I chaired on November 18 – created a groundswell of public pressure demanding reform

LOS ANGELES, CA - December 21, 2010 - (RealEstateRama) -- Attorney General Edmund G. Brown Jr. announced today that Wells Fargo has agreed to provide loan modifications worth more than $2 billion to thousands of California homeowners with "pick-a-pay" loans and to pay an additional $32 million to thousands of borrowers who lost their homes through foreclosure.

December 17, 2010 - (RealEstateRama) -- Congresswoman Maxine Waters (D-CA), chairwoman of the Housing and Community Opportunity Subcommittee, took to the House floor this morning in support of H.R. 5510, the “Aiding Those Facing Foreclosure Act of 2010,” which would allow states to use their Hardest Hit Funds to provide legal assistance for homeowners facing foreclosure.

Los Angeles, CA - December 9, 2010 - (RealEstateRama) --Saturday, December 4, 2010 was a good day for hundreds of families who waited patiently in search of help to avoid foreclosure. The Los Angeles County NeighborWorks® Center for Foreclosure Solutions (CFS) coalition, civil leaders and local volunteers teamed up at the Help & Hope Fair to assist families navigate their way through the tempestuous foreclosure process. The Help & Hope Fair, held at The Tabernacle in Inglewood, was designed to make it as easy as possible for families to receive assistance whether they need help keeping their home or hope to buy a foreclosed property. Over 1,000 individuals attended the fair and they all received a continental breakfast, beverages and lunch.

SAN DIEGO, CA - December 8, 2010 - (RealEstateRama) -- MDA DataQuick®, a division of MDA Lending Solutions and the nation’s largest independent provider of property data to real estate and mortgage professionals, updated PropertyFinder 2G, the company’s flagship property and ownership research tool

Washington, DC - November 26, 2010 - (RealEstateRama) -- Congresswoman Maxine Waters (D-CA), Chairwoman of the Subcommittee on Housing and Community Opportunity, released the following statement in response to the announcement today by the Federal Trade Commission (FTC) issuing a final rule to protect distressed homeowners from mortgage relief scams.

Los Angeles, CA - November 24, 2010 - (RealEstateRama) -- The Los Angeles County NeighborWorks® Center for Foreclosure Solutions (CFS) coalition has been helping families facing foreclosure since the beginning of the mortgage crisis. As families head into the holidays, the significance of having a home in which to share holiday dinners with family is more important than other times in the year. As joblessness in Los Angeles remains historically high helping families to stay in their home is critical this holiday season

WASHINGTON, DC - November 10, 2010 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) today announced the opening of a new mortgage help center in Culver City to provide counseling and other services for struggling homeowners in the greater metro area with loans owned by Fannie Mae. The Greater Los Angeles Mortgage Help Center is the fourth facility in a series of nationwide mortgage help centers. Fannie Mae is partnering on this initiative with West Angeles Community Development Corporation, major mortgage servicers, and civic and community leaders from across the region

SAN FRANCISCO, CA - October 13, 2010 - (RealEstateRama) -- Attorney General Edmund G. Brown Jr. announced today that California has joined a coalition of 50 attorneys general and dozens of state banking regulators in a multi-state effort to demand that lenders find solutions to serious and potentially widespread problems in the foreclosure process across the country.

October 11, 2010 - (RealEstateRama) -- The California Reinvestment Coalition applauds Bank of America's decision to halt foreclosure sales in all 50 states. The decision comes after reports last week of servicers-- dubbed "robo-signers"-- who signed thousands of foreclosure documents on a daily basis without properly reviewing the information in the documents. Last week, Bank of America, JP Morgan Chase, and GMAC decided to stop all foreclosures in the 23 states where foreclosure must be approved by a judge. The California Reinvestment Coalition urges JP Morgan Chase, GMAC, Wells Fargo, and other banks and servicers to follow Bank of America's lead and immediately freeze all foreclosures in the country

SAN FRANCISCO, CA - October 11, 2010 - (RealEstateRama) -- Following his office's negotiations with the state's top loan servicers and today's announcement by Bank of America that it is temporarily halting foreclosures nationwide, Attorney General Edmund G. Brown Jr. today called on the state's other lenders to halt foreclosing on California homes until the banks can demonstrate that they are complying with state law

FREMONT, CA - October 8, 2010 - (RealEstateRama) -- Attorney General Edmund G. Brown Jr. announced charges today against two "callous con artists" who took thousands of dollars from dozens of struggling Northern California homeowners for foreclosure services never delivered.

Washington, D.C. - October 6, 2010 - (RealEstateRama) -- Rep. Lynn Woolsey, D-Petaluma, and 30 other members of the California Democratic Congressional Delegation sent a letter Tuesday to the Attorney General, Federal Reserve Chairman, and the Comptroller of the Currency requesting investigations into possible systemic wrongdoing by financial institutions in their handling of delinquent mortgages, mortgage modifications, and foreclosures.