foreclosure News

Trial Underway for Owner of Maine Building Where 6 Died in Fire

An apartment house where six people died in a fire had been neglected during foreclosure and lacked alternative exits, allowing several bedrooms to become “death traps” when the blaze spread upstairs, a prosecutor said Monday to open the homeowner’s manslaughter …

Florida Foreclosure Rate Declines 35 Percent, Still Among Highest in Nation

Florida’s foreclosure activity has declined by more than a third from a year ago, but it still ranks as one of the highest in the nation. The research firm Realty Trac reported that Florida has one out of 570 homes …

Verisk Insurance Solutions Enhances Foreclosure Alert Product

Verisk Insurance Solutions – Underwriting, a unit of Verisk Analytics has added an enhancement to its Foreclosure Alert that identifies if a property has previously been in foreclosure at the point of sale. Foreclosure Alert provides actionable information to help …

Millions for Home Foreclosure Prevention Program Unspent in R.I.

Only about one-third of the more than $79 million available from a federal foreclosure prevention program in Rhode Island has been spent to help struggling homeowners, officials said this week.Rhode Island Housing, the quasi-public agency that administers the Hardest Hit …

N.Y. Orders ‘Force-Placed’ Insurers to Submit New Lower Rate Proposals

New York regulators said they have ordered three major insurers offering ‘force-placed’ homeowners insurance in New York to submit proposals for new premium rates.The state’s Department of Financial Services (DFS) said Tuesday the order was sent out after regulators determined …

Virginia Activists Press Banks for Foreclosure Aid

Nearly 1,000 homeowners in Prince William County and the cities of Manassas and Manassas Park, Virginia, have been identified as eligible for assistance in the $25 billion national mortgage settlement announced this year, two banks reported at a community meeting …

N.H. AG: Homeowners Have to Wait on Foreclosure Settlement Help

New Hampshire Attorney General Michael Delaney says homeowners hoping to benefit from a settlement over foreclosure abuses may have to wait several months to receive assistance. The state is expected to get $43.6 million under the settlement among 49 states …

Penn. Woman Gets 10-Years’ Probation for Foreclosure Notice Arson

A northwestern Pennsylvania woman will spend 10 years on probation for attempting suicide by setting fire to her home with a foreclosure notice. The Erie Times-News reported Monday that Erie County Judge John Garhart opted not to imprison 48-year-old Eve …

N.Y. Attorney General Sues Banks in Foreclosure Effort

New York’s attorney general on Friday, Feb. 3, accused some of the nation’s largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 …

Massachusetts Sues Banks Over Foreclosures

Massachusetts sued five major banks Thursday over deceptive foreclosure practices such as the “robo-signing” of documents, potentially undermining negotiations between lenders and state prosecutors across the nation over the same issue. The lawsuit named Bank of America Corp., JPMorgan Chase …