Thursday - April 26, 2012 - ForeclosureGate Gazette

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

THURSDAY APRIL 26
We Might Not See A Turnaround In Housing In Our Lifetimes Robert Shiller has previously said that there is no guarantee that home prices will go up. And today's home price reading reinforced that view. In an interview with Reuters he said a weak labor market, higher gas prices, and lack of consumer confidence would likely see home prices continue to stay low:… Bank CEOs gain as millions lose dreams, retirement to foreclosure nside and outside of Wells Fargo’s annual meeting in San Francisco yesterday, thousands of angry protesters decried the bank’s leading role in the loss of millions of American homes to foreclosure. If you want to know why the protesters are so angry, consider this double standard….. A.G. Schneiderman Announces $3 Million Awarded For Foreclosure Prevention Legal Services Statewide Attorney General Eric T. Schneiderman today announced his office has awarded $3 million in foreclosure prevention services to aid New Yorkers struggling through the foreclosure crisis. In January, Attorney General Schneiderman first issued a Request for Applications (RFA) seeking bids from non-profit legal services and legal aid organizations…. Man fatally shoots terminally ill wife near Tampa on day of foreclosure sale The yellow house at 4316 Clewis Ave. went up for public sale at 10 a.m. Tuesday. A foreclosure had proceeded while the couple who owned the home struggled with debts, neighbors said. The wife was battling a long illness. The 911 call came at noon the day of the sale. A man told the dispatcher he had shot his terminally ill wife inside that yellow house…. MA, NY attorneys general launch foreclosure prevention programs Two high-profile attorneys general revealed how they will use part of their respective state’s portion of the $25 billion national mortgage servicing settlement. On Wednesday, Massachusetts Attorney General Martha Coakley launched an initiative intended to prevent unnecessary foreclosures…. Prairie State Legal Services Gets $9 Million to Help with Foreclosure Cases The foreclosure crisis has hit the Stateline hard, but there may finally be some good news. Tonight we looked at how the Illinois Attorney General is trying to help underwater homeowners. Remember when National Banks got in trouble for robo-signing, or fraudulently signing off on loan documents and leaving homeowners in the lurch? Few foreclosure funds went to help Utah homeowners It appears that only a small portion of the nearly $22 million coming to the Utah state government from a settlement with the nation’s big banks over improper foreclosure practices ended up in programs related to helping those who are losing their homes or have lost them. The cash from the settlement was lumped into the state’s general fund during the last days of the just-concluded session of the Legislature…. Fed Plans to Fine Eight More Banks for Foreclosure Violations The nation’s mortgage-servicing companies have been under federal and state scrutiny since revelations emerged in fall 2010 that banks used “robo-signers” to file foreclosure documents without personally verifying their contents. Federal and state officials last month announced a $25 billion settlement of foreclosure-abuse allegations with the nation’s five largest mortgage servicing firms….

2012

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