Charles Murphy back to policymaking with homeowner protection push - BostonHerald.com

Rep. Charles Murphy, who laid low for most of 2011 until he burst into open conflict with Speaker Robert DeLeo this week, turned back toward policymaking Wednesday, announcing the filing...

In Foreclosure Capital, Meltdown And Poverty Feel Permanent

CAPE CORAL, Fla. -- They sent her off with a lavish retirement party -- dinner and drinks at a local yacht club, overlooking the inky waters of the Caloosahatchee River....

Harrisburg, Pa., mayor hit with foreclosure notice

Harrisburg, Pa., mayor hit with foreclosure notice Story posted 2011.12.07 at 08:21 PM EST HARRISBURG, Pa. (AP) - A bank has filed a mortgage foreclosure action against a property owned by the...

Frank requests hearing on mortgage abuses at Ally | Reuters.com

Frank requests hearing on mortgage abuses at Ally | Reuters.com Business Frank requests hearing on mortgage abuses at Ally   WASHINGTON (Reuters) - Congressman Barney Frank on Wednesday asked his colleagues to hold a...

Palm Beach Post : Some Florida lawmakers want to repossess foreclosed homes more quickly

Some Florida lawmakers want to tweak a rarely used fast-track foreclosure law to shrink the state's court backlog and as an end run around Wall Street reforms that may bar...

Massachusetts calls for hearing into GMAC - Boston.com

Massachusetts is calling for a congressional hearing on GMAC Mortgage, a division of Ally Financial, claiming that the taxpayer-owned bank is illegally foreclosing on people's homes in the state. Massachusetts sued...

Occupy Wall Street: Flashpoint of an American Uprising?

Occupy Wall Street has successfully occupied New York City’s Liberty Plaza for eight days. Despite numerous arrests (over 80 on Saturday), rainy weather and the scorn of critics, they have prevailed thus far. This achievement is spawning several similar occupations in other cities around the U.S. The peaceful, non-violent and intently leaderless nature of the uprising is modeled after the “Arab Spring” protests which resulted in government overthrows in the Middle East.

“We are the 99 percent” permeates the movement, a reference to the 1% of Americans who control 42% of the nation's wealth. By contrast, 80% of Americans control just 7% of America’s wealth and these masses have been disproportionately impacted by the economic contraction of the last several years. As a result, tens of millions of American families are poor, without health coverage, un- or under-employed, saddled with excessive debt and/or at risk...

Jorge Newbery Comments 27 Sep 2011

John O'Brien MA Registry of Deeds: AG Tom Miller Should Step Dow

Written by: Richard Zombeck

John O'Brien, Registry of Deeds for Southern Essex County in Massachusetts is asking that Tom Miller, Iowa Attorney General, step down. Miller is the lead AG in the controversial settlement with the big banks on mortgage servicing fraud.

In his most recent obscene act Miller kicked Attorney General Eric Schneiderman off of the 50-state task force probing foreclosure abuses and negotiating a possible settlement agreement with the mortgage firms.

Schneiderman, a Democrat who's in his first term as New York's

Read more: http://www.homepreservationnetwork.com/blog/richard-zombeck/john-o-brien-ma-registry-of-deeds-ag-tom-miller-should-step-dow

Comments 24 Aug 2011

American Homeowner Preservation and Millstone Landing Collaborate to Lease Option Homes

Written by:Jorge Newbery

American Homeowner Preservation LLC, pioneers of the short sale leaseback to assist families at risk of foreclosure, has entered into an agreement with Millstone Landing LLC, the owners of a gated 613 single family development in Vero Beach, Florida, to offer lease options to credit-worthy buyers who cannot obtain financing in today's tight credit environment. Millstone Landing features newly-built quality homes nestled amongst lakes and a nature preserve.

The original developer, Shelby Homes, ended up in bankruptcy after defaulting on a construction loan amounting to $370,000 per home. In 2008, the average sales price of a Millstone Landing home was $618,000. Today, these same homes are offered new for under $260,000, and AHP investors can acquire for $155,000 subject to the leases and options to the end-user buyers.

Read more: http://www.homepreservationnetwork.com/blog/american-homeowner-preservation-and-millstone-landing-collaborate-to-lease-option-homes

Jorge Newbery Comments 11 Aug 2011