SACRAMENTO, Calif. — A real estate investor pleaded guilty today in U.S. District Court in Sacramento to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Calif., Sharis A. Pozen, Acting Assistant Attorney General of the Department of

Continue reading... California Investor Pleads Guilty To Bid Rigging And Fraud At Public Real Estate Foreclosure Auctions

1. CALIFORNIA REAL ESTATE INVESTOR PLEADS GUILTY TO BID RIGGING AT PUBLIC FORECLOSURE AUCTIONS Eighth Guilty Plea in the Investigation to Date WASHINGTON —...
2. Real Estate Investor Pleads Guilty to Bid Rigging At Foreclosure Auctions SACRAMENTO, Calif. — A real estate investor pleaded guilty last...
3. Real Estate Investor Pleads Guilty to Bid-Rigging at Foreclosure Auctions A real estate investor pleaded guilty this week in...

RealtyTrac, today released its third-quarter 2011 U.S. Foreclosure Sales Report, which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 20 percent of all U.S. residential sales in the third quarter of 2011, down from 22 percent of all

Continue reading... One in five home sales is a foreclosure and only two-thirds the cost of a non-foreclosure home

1. Foreclosures account for 28 percent of all home sales in first quarter 2011; Selling at discount of 27 percent RealtyTrac released their foreclosure report this morning for the...
2. Three in Ten Home Sales in 2nd Quarter were Foreclosures This morning, RealtyTrac released their U.S. Foreclosure Sales Report...
3. Foreclosure homes account for 26 percent of all 2010 sales RealtyTrac released their foreclosure report for 2010 showing that...

This morning, RealtyTrac released their 2011 year-end U.S. Foreclosure Market Report which shows that 2,698,967 foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 1,887,777 properties in the U.S. during the year, a decrease of 34 percent from the year before and marking the lowest level since 2007!

Highlights from the

Continue reading... Foreclosure actions in 2011 hit lowest level since 2007!

1. 84 Percent of U.S. Metros Post Lower Foreclosure Activity in First Half of 2011 RealtyTrac released their Midyear 2011 Metro foreclosure report showing...
2. Home price index this morning at lowest level since May 2003 Radar Logic is a company that publishes a home price...
3. Foreclosure Activity Decreases 15 Percent during First Quarter of 2011 The 800 pound gorilla in the room has finally...

The guilty plea was announced by

Continue reading... Austin, Texas, Man Pleads Guilty to Bankruptcy Fraud and Identity Theft in Connection with Nationwide Foreclosure-rescue Scheme

1. Las Vegas Man Pleads Guilty in Connection with Fraud Scheme to Gain Control of Condominium Homeowners’ Associations WASHINGTON – A Las Vegas man pleaded guilty today for...
2. Three Charged with Fraud in Florida Foreclosure Rescue Scheme WASHINGTON – Lisa Wright, 46, and Cathy Saffer, 52, of...
3. Virginia Real Estate Businessman Pleads Guilty to Mortgage and Investment Fraud Schemes WASHINGTON – Alexander Otis Matthews, a Virginia real estate...

The U.S. mortgage loan delinquency rate was 8.15 percent of all home loans in November, up 2.7 percent from the month before and down 9.6 percent from a year ago, according to the “First-Look” report issued by Lender Processing Services, one of the countries largest loan servicers and aggregators of loan performance data. The

Continue reading... Mortgage delinquencies increase in November;   Foreclosures decline from month before

1. Mortgage delinquencies decline in October;   Foreclosures on the rise The U.S. mortgage loan delinquency rate was 7.93 percent...
2. Mortgage Delinquencies Decline in March; Foreclosures on the rise A “first-look” report issued by Lender Processing Services, one...
3. Mortgage Delinquencies Increase in April A “first-look” report issued by Lender Processing Services, one...

1. Real Estate Investor Pleads Guilty to Bid Rigging At Foreclosure Auctions SACRAMENTO, Calif. — A real estate investor pleaded guilty last...
2. Real Estate Investor Pleads Guilty to Bid-Rigging at Foreclosure Auctions A real estate investor pleaded guilty this week in...
3. CALIFORNIA REAL ESTATE INVESTOR PLEADS GUILTY TO BID RIGGING AT PUBLIC FORECLOSURE AUCTIONS Eighth Guilty Plea in the Investigation to Date WASHINGTON —...

This morning, RealtyTrac released their U.S. Foreclosure Market Report for October 2011 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 224,394 properties in the U.S. during the month, a three percent increase from the previous month and a decrease of 14 percent from the year before.

Continue reading... Foreclosures decrease in November

1. U.S. Foreclosures up slightly in January; down 17 percent from year before RealtyTrac released their foreclosure report for January 2011 showing...
2. Mortgage Delinquencies and Foreclosure Inventory Decrease In May A “first-look” report issued by Lender Processing Services, one...
3. Foreclosures drop in September;   Down over 30 percent from year ago This morning, RealtyTrac released their U.S. Foreclosure Market Report...

Continue reading... Three Charged with Fraud in Florida Foreclosure Rescue Scheme

1. Two California Men Indicted for $8.5 Million Mortgage Fraud Scheme KANSAS CITY, MO—Beth Phillips, United States Attorney for the Western...
2. Four Florida Men Charged in Boston with Defrauding Homeowners in Home Loan Modification Scam WASHINGTON – Four Florida men were arrested this past...
3. Four Charged with Running $13 Million Loan Fraud Scheme CINCINNATI—A federal grand jury has indicted four people who...

Charges were filed today in U.S. District Court for the Southern District

Continue reading... Alabama Real Estate Investor Agrees to Plead Guilty to Conspiracy to Rig Bids for the Purchase of Real Estate at Public Foreclosure Auctions

1. Alabama Real Estate Investors Agree to Plead Guilty to Conspiracy to Rig Bids for the Purchase of Real Estate at Public Foreclosure Auctions UPDATE – Criminal Complaint against M & B Builders -...
2. Eight Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging at Public Foreclosure Auctions WASHINGTON – Eight Northern California real estate investors have...
3. CALIFORNIA REAL ESTATE INVESTORS AGREE TO PLEAD GUILTY TO BID RIGGING AT PUBLIC FORECLOSURE AUCTIONS Department of Justice Office of Public Affairs FOR IMMEDIATE...

The U.S. mortgage loan delinquency rate was 7.93 percent of all home loans in October, down 2.0 percent from the month before and down a whopping 14.6 percent from a year ago, according to the “First-Look” report issued by Lender Processing Services, one of the countries largest loan servicers and aggregators of loan performance data.

Continue reading... Mortgage delinquencies decline in October;   Foreclosures on the rise

1. Mortgage Delinquencies Decline in March; Foreclosures on the rise A “first-look” report issued by Lender Processing Services, one...
2. Mortgage deqlinquencies decline in September; Foreclosures on the rise The “first-look” report from Lender Processing Services, one of...
3. Mortgage delinquencies decline in August; down almost 12 percent from year ago I keep saying that, until the foreclosure rate gets...