Streams

 

 

Foreclosure

WNYC News

Few Qualify for Foreclosure Help from the Government

Sunday, September 25, 2011

Monday is the deadline for homeowners facing foreclosure to qualify for a federal housing grant, but housing groups working to sign people up say only a small percentage of homeowners qualify because of rules that make many ineligible.

Comment

The Takeaway

Steep Increase in August Foreclosure Filings

Friday, September 16, 2011

report by RealtyTrac on Thursday revealed default notices filed by banks — which represent the first step in the foreclosure process —were up 33 percent in August from July. Many analysts believe this is due to banks beginning to clear backlogged filings caused by the robo-signing controversy of 2010, which created a de facto moratorium on foreclosures around the country. In California, filings were up even more than the average at 55 percent, and in New Jersey levels of default notices reached 42 percent.

Comments [1]

The Takeaway

Is Our Blood Pressure Rising With the Foreclosure Rate?

Thursday, September 01, 2011

It doesn't take a scientist to conclude that going through the foreclosure process is stressful. Even the threat of being foreclosed on can make one's blood pressure rise. But science can show the very real effects that these tough economic times are having on America's health. A new study links the rise in foreclosures to more hospital visits related to diabetes and hypertension. More specifically, for every 100 foreclosures there was a 7.2 percent rise in emergency room visits, an 8.1 percent increase in diabetes cases for people aged 20 to 49, and 12 percent more hospital visits related to anxiety in the same age category.

Comments [1]

WNYC News

Schneiderman Removed from National Foreclosure Settlement Committee

Wednesday, August 24, 2011

WNYC

New York Attorney General Eric Schneiderman was removed from the executive committee negotiating a nationwide foreclosure settlement with U.S. banks on Tuesday.

Comments [3]

It's A Free Country ®

Attorney General Eric Schneiderman - Eight Months In

Thursday, August 04, 2011

This is a matter of restoring public confidence. People do not believe that there's one set of rules for everyone on Wall Street anymore, we have to restore that confidence for the markets to get going. And as you can see the housing markets are still paralyzed by the overhang from this disaster.

—Attorney General Eric Schneiderman, on The Brian Lehrer Show

Comments [6]

WNYC News

Senator: City Not Using Law to Force Upkeep of Foreclosures

Tuesday, August 02, 2011

New York City is not enforcing a 2009 state law that requires owners of foreclosed properties maintain them, according to the state senator who wrote the law.

Comments [1]

WNYC News

Foreclosure Notices Up for Owners of NYC Rental Buildings

Friday, June 17, 2011

The number of landlords failing to make their mortgage payments is up sharply in New York City, according to a new study from NYU's Furman Center for Real Estate and Urban Policy.

Comments [1]

The Takeaway

Little Help from US Government for Unemployed Homeowners Facing Foreclosure

Monday, June 06, 2011

The Treasury Department was given $46 billion to keep homeowners in their houses in 2009, but has spent less than $2 billion of that money. In April, there were more than four million mortgages in foreclosure or 90 days delinquent. The New York Times' Andrew Martin says that the primary cause of foreclosures is unemployment and that the U.S. government has not focused nearly enough attention on the problem. 

Comments [6]

WNYC News

Housing Market Continues to Disappoint

Thursday, May 19, 2011

A flurry of housing reports Thursday, and the market is not looking very healthy.

Comment

WNYC News

Foreclosures Fall in March But Threats Still Loom

Thursday, April 14, 2011

The number of homeowners falling into foreclosure fell to a three-year low in March. But don't celebrate just yet.

Comment

WNYC News

Financial 411: The Do-Nothing Budget Plan

Wednesday, April 13, 2011

The President's got a plan.  Republicans have their own.  Even blue-ribbon commissions do.  Seems like everyone has a ideas about balancing the federal budget.  But what if Congress did...nothing?

Comment

WNYC News

Bronx Block, Riddled With Violations, Likely Most Neglected in City This Winter

Monday, April 11, 2011

An analysis of city data by WNYC shows home owners on this block of two- and three-story homes on Freeman Street — between Union and Prospect avenues — tallied an astonishing 41 violations for failure to clear snow from the sidewalk this winter.

Comment

WNYC News

Cash Is King as Home Sales Rise

Wednesday, February 23, 2011

Sales of existing homes rose unexpectedly in January, but the increase came largely from investors and all-cash buyers snagging deals on foreclosed homes rather than first-time homebuyers.

Comment

WNYC News

New York's Chief Justice Pledges to Provide Lawyers for Homeowners in State Address

Tuesday, February 15, 2011

The state's chief justice wants to make sure homeowners facing foreclosure can get a lawyer, even if they can't afford one. Chief Justice Jonathan Lippman made his comments during his annual State of the Judiciary speech in Albany on Tuesday.

Comments [2]

The Takeaway

Specter of Housing Market Double Dip Looms

Wednesday, January 26, 2011

A dip in housing prices is causing concerns that we might be headed for a double-dip in the market this spring. Louise Story, Wall Street and Finance Reporter for The New York Times, says the latest housing numbers out by the Case-Shiller Index raises more questions than answers about the housing market in the near term.

Comments [1]

It's A Free Blog

Stucknation: Stats You Won't Likely Hear in the State of the Union

Monday, January 24, 2011

In Washington and around the country, chief executives including the president, the governors, and local mayors are all giving their annual takes on reality.

On Tuesday, from President Obama, we are going to hear about a nation that is still hurting but has turned a corner toward recovery.

But how is it really going on America's Main Streets?

Read More

Comment

WNYC News

Housing Policy Face Lift Means City 'Won't Wait' for Complaints, Says Quinn

Thursday, January 13, 2011

WNYC

The city will no longer wait for rundown buildings to become unlivable before intervening, according to Council Speaker Christine Quinn.

Comment

The Takeaway

New Foreclosure Problem: Lawyers Filing Faulty Documents

Tuesday, January 11, 2011

Big banks and over-committed mortgage-holders have been under the foreclosure microscope for a long time. Foreclosure lawyers are next up for scrutiny; according to an article from The New York Times, an increasing number of judges are accusing lawyers of processing inaccurate and even fabricated documents in foreclosure actions when representing banks. Are these accusations accurate, and if so, what is the source of the problem? 

Comment

It's A Free Blog

Stucknation: Another Round in the Mortgage Mess

Monday, January 10, 2011

For months now, the banking industry has been dismissing the fact that they may have been pursuing tens of thousands of home foreclosures with deficient paper work as mere technical glitches.

Last week they got a wake-up call when Massachusetts highest court ruled 6-0 in favor of two Springfield homeowners who had been foreclosed on three years ago. The high court let stand a lower court decision that both foreclosures were invalid because the two banks trying to seize the homes did not actually have the legal standing to do so.

Gary Klein, a Boston based lawyer who wrote a friend of the court brief on behalf of the victorious homeowners, says he has a pending class action involving almost 10,000 families that he says were victims of improper foreclosures. “We need to sort out these faulty foreclosures,” says Klein because the underlying defective paper work will haunt the “future property owners years from now who will have a hard time getting a clear title” to the land they think they own. The Boston Globe quoted one of the banks tried to put the best spin on the ruling by suggesting it only created a "standard legal process" going forward for mortgage companies to follow.

Read More

Comments [2]

The Takeaway

November Home Foreclosures: Behind the Numbers

Thursday, December 16, 2010

Over the past two years, we’ve been told to expect a silver lining to the housing crisis.  At a first glance, the release of tomorrow’s foreclosure numbers should add to that optimism, as analysts expect the number of new foreclosures to drop dramatically.  But does that mean we’ve truly passed the worst moments of the housing crisis?

Comments [4]