FRIDAY, OCTOBER 26, 2012

ACADEMIA

ADVERSARIES

ADVOCATES

BLOGOSPHERE

LEGAL

LEGISLATE

OP-ED

HOMEOWNERS NEWS

ForeclosureGate.org Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners

Racial Inequality and the Independent Foreclosure Review In the aftermath of our recent foreclosure crisis, its difficult to overstate what a pernicious effect predatory lending has had on minority families. By buying up subprime mortgages targeted at minorities, Wall Street firms rewarded and propped up systematic racist lending practices, all but ensuring that Black and brown families would be in the worst possible position when the financial crisis hit.

SIGTARP: Quarterly Report To Congress, October 25, 2012 SIGTARPs mission is to advance economic stability by promoting the efficiency and effectiveness of TARP management, through transparency, through coordinated oversight, and through robust enforcement against those, whether inside or outside of Government, who waste, steal, or abuse TARP funds.

SOS: Sustaining Our Society SOS: Sustaining Our Society is a documentary based on the dissertation by Dr. Imran Farooq called Private Partnership for Public Benefit. The model is focused on the Sustainable 62nd Assembly District the region representing San Bernardino, Fontana, Rialto, Colton, Bloomington & Muscoy.

New York Area Has Foreclosure Filings

Biggest

Jump

in

Zillow Adds 1.8M Foreclosed And PreForeclosure Homes To Its Real Estate Listings Online real estate service Zillow is expanding its real estate listings today by adding pre-market inventory specifically, homes that have either been foreclosed or are in the foreclosure process. Increasing the selection of available homes is particularly important now, Zillow says, because the inventory of for-sale homes listed on the site has fallen by 20 percent over the past year (which the company argues is an indicator of the larger market).

The 69 percent gain in default, auction and repossession filings was the steepest among the 20 largest metro areas, according to RealtyTrac Inc. The regions increase, propelled by a ninefold rise in Queens County, New York, and a more than tripling in Sussex County, New Jersey, ran counter to the national trend. Filings declined from a year earlier in more than threefifths of U.S. metro areas, the Irvine, Californiabased data provider said today.

Seniors in foreclosures

San

Joaquin

Valley

face

Attorney Accused of Renting Foreclosure Clients Home to Section 8 Tenant for His Own Benefit An Illinois lawyer is facing a legal ethics case that alleges he rented a foreclosure client's house in suburban Chicago without permission, misrepresenting himself as the owner to the Housing Authority of Joliet to collect about $20,000 in rent from the federally funded Section 8 subsidized housing program. In a Sept. 20 complaint, the Illinois Attorney Registration and Disciplinary Commission alleges that Joseph P.

Its not news to residents of the eight-county San Joaquin Valley that the area has been hard hit economically since 2008, when the housing bubble deflated. Many neighborhoods show signs of neglect as people unable to meet their mortgage obligations lose their homes to foreclosure. Among those facing this prospect in the central part of the state are a growing number of older homeowners. Exactly how many is hard to pin down.

Home Prices Unlikely to Come Roaring Back, Case Says U.S. home prices, which climbed more than forecast in July, are unlikely to come roaringback as the housing market reaches bottom, according to Karl Case, the economist who co-created the S&P/Case-Shiller index. The gauge of property values in 20 cities rose 1.2 percent from July 2011, the biggest 12-month jump since August 2010, a report from the group showed today in New York. The median forecast of 23 economists surveyed by Bloomberg called for a 1.1 percent gain.
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