Foreclosure 'rescue' deals shackle homeowners (Miami Herald)



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Foreclosure 'rescue' deals shackle homeowners (Miami Herald)

Step 4: If the creditor is able to supply the written proof you request, offer to settle the debt for 10 cents on the dollar provided that you have the money. If you don't have the money go to Step 5. If you owe $1,000, offer the creditor $100. If they refuse, tell them that you will file Bankruptcy and they will get nothing. This will certainly open them up to negotiating with you. Whatever you agree to pay them, it should be a lot less than you originally owed them. Do not agree to pay interest charges or penalties on past due or collection accounts.

Foreclosure 'rescue' deals shackle homeowners (Miami Herald)

For Kayhlene Gainer, it started two years ago, with a knock on the door on a Sunday spring afternoon. The two women who stopped by her Coconut Creek home knew the 55-year-old widow was behind on her mortgage payments and facing foreclosure.

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Foreclosure fallout: Rescue scams (CNN Money)

Jennifer Falke and her family had been in their Columbus, Ohio, home for nearly 12 years when they hit a rough patch in 2006. Falke was out of work and fell behind on the mortgage.

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Luxury Miami Condo Conversion Is Facing Financial Trouble (New York Times)

Miami?s Savoy Hotel development may be facing foreclosure, leading banks to start taking a second look at the relatively unscathed luxury housing market.

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Foreclosures in Florida increase 78% (Bradenton Herald)

With one foreclosure filing for every 431 households, Florida recorded the nation's second-highest number of foreclosure filings last month.

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BUILDER Blocks: The Week in Review (Builder Online)

The mortgage industry sees 25,000 more job cuts; Toll Brothers' net profit takes a big nose dive; mortgage applications slide; new home sales defy the odds; and foreclosure filings have nearly doubled in one year.

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Foley Won't Let Investigators Examine His House Computer (WPBF Palm Beach)

Neither former U.S. Representative Mark Foley nor the House will let investigators with the Florida Department of Law Enforcement examine his congressional computers.

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Foreclosure gauge swells (The Charlotte Observer)

A national index of foreclosure activity almost doubled in July compared to the same month last year, reflecting a dramatic increase in the number of people struggling to pay mortgages. The RealtyTrac index, based on legal filings related to foreclosure, rose 93 percent over July 2006. There is no official or reliable count of foreclosures in the United States. But every available indicator has ...

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Alabama foreclosure rate bucks national trend (Montgomery Advertiser)

BIRMINGHAM -- The rate of home foreclosures in July was not as severe in Alabama as elsewhere in the nation, according to a new survey, with fewer risky loans, a good economy and stable home prices credited by the industry with keeping the numbers down.

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Sponsored By: (Fernandina Beach News-Leader)

IN THE CIRCUIT COURT OF THE 4TH JUDICIAL CIRCUIT, IN AND FOR NASSAU COUNTY, FLORIDA GENERAL JURISDICTION DIVISION CASE NO: 07-CA-0055 US BANK, NATIONAL ASSOCIATION, AS TRUSTEE PLAINTIFF VS.

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Former Delray Beach police officer sent to jail (Sun-Sentinel)

He claimed he was serving in Iraq while working a second job in Tampa Former Delray Beach police officer Vincent Balestrieri received a 90-day jail sentence Friday for defrauding the agency out of $8,700, claiming the Navy Reserve called him to active duty in Iraq when he actually took a civilian job in Tampa and collected paychecks from both employers.

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Foreclosure 'rescue' deals shackle homeowners (Miami Herald)

Only allow a creditor 7 days to get the proof into your mailbox (3 days to find it and 4 days for the mail). If it takes any longer they probably do not have proof and you should start taking the action listed below. If the creditor does supply you with all the written proof that the account belongs to you, go to Step 4.

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