Monthly Archives: February 2011

Stopping Foreclosures In New Jersey: A Winning Formula

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Avi Frisch, Esq., “of counsel” attorney to the nationwide foreclosure defense firm, The Law Office of M.E. Ludt, et al, is dedicated to providing top level legal representation to his clients. Attorney Frisch explains how to stop home mortgage foreclosure … Continue reading →

House Bill Attempts To End Home Affordable Modification Program (HAMP)

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Washington— A House committee plans to write legislation next week to end the Home Affordable Modification Program (HAMP); The Obama administration’s flagship program for helping struggling homeowners avoid foreclosure. The plan has thus far shown mixed results at best and … Continue reading →

New York Courts Vow to Provide Legal Aid for Housing

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The New York Times Published: Wednesday, 16 Feb 2011 | 6:40 AM ET New York court officials outlined procedures Tuesday aimed at assuring that all homeowners facing foreclosure were represented by a lawyer, a shift that could give tens of … Continue reading →

Foreclosure Hotspots

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by Les Christie, staff writer Monday, February 14, 2011 Spartanburg, SC Population: 287,000 Foreclosure rate: One in 60 homes Percent increase in 2010: 228% Spartanburg is found in the upstate portion of South Carolina, the fastest-growing region in the state. … Continue reading →

January Foreclosures Drop Sharply To 3 Year Low

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Fewer U.S. homes entered the foreclosure process in January than in any month in more than three years. This figure is the latest sign that lenders are moving forward more cautiously with homeowners who have fallen behind on mortgage payments … Continue reading →

Servicers Completed 1.24 Million Non-HAMP Loan Mods in 2010

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By: Joy Leopold 02/02/2011 Though servicers seem to be having minimal success with the Home Affordable Modification Program (HAMP), final 2010 data released by HOPE NOW shows that its members completed about 1.24 million proprietary loan modifications last year. That … Continue reading →

Foreclosures Up in 72% of Major Metros but Down in Hardest-Hit Areas

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RealtyTrac has released its 2010 foreclosure tallies for the nation’s largest metropolitan areas. The tracking firm found that foreclosure activity increased from 2009 in 149 of the 206 metros with a population of 200,000 or more, or 72 percent. Interestingly … Continue reading →