National Mortgage Delinquency Rate Skyrockets to 9.2% LPS Mortgage Monitor

Month over Month Increase of 2.3%, Year over Year Increase of 7.9% ~ May Foreclosure Rate = 3.18% Year over Year Increase of 13.5% ~ Total Non-Current (including Delinquencies and Foreclosures) Florida 22.4% ~ Foreclosure Starts –Nevada and Florida are still the hot spots ~ JACKSONVILLE, Fla., July 6 /PRNewswire-FirstCall/ — The May Mortgage Monitor … Read more

New Tactic for Forced Placed Insurance? Allstate Cancels Homeowner’s Insurance Policy Because of Nearby Abandoned Property

Keep an eye out for this one folks… Maybe just an isolated incident, or the start of a new trend… Jim Burress (2010-07-06) ATLANTA, GA (WABE) – With record home foreclosures hitting Atlanta hard, abandoned and decaying houses permeate many of the city’s neighborhoods. And as one Atlanta homeowner recently learned, your neighbor’s house could … Read more

33 LIES MY “LENDER(S)” TOLD ME

From The Livinglies’s Weblog ~ “Trust me, I’m your friend.” “Hi! I want to be your Lender” (pretender lender) “I’ve got a great deal for you” “Here is the name of the underwriter of your loan.” “Here is the appraisal — it came in higher than your deal.” “You can rely on the appraisal” “It’s … Read more

Fighting Foreclosure Fraud – CBS Interview with Hon Judge Arthur Schack

Continuous housing foreclosures have made this the deepest housing crisis since the great depression. As Seth Doane reports, one judge has become determined to keep families in their houses. ~ Fighting Foreclosure ~ 4closureFraud.org

GMAC, Steven Baum Face New York Foreclosure Brawl – NY Post

A Bronx homeowner is scheduled for a courtroom battle royale later this month — facing off in Manhattan bankruptcy court against the largest foreclosure mill in the state to see if the firm’s client, GMAC Mortgage, has the right to toss her from her Pelham Gardens home. Also at issue is whether the law firm, … Read more