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Foreclosures

Home-price index at lowest point since 2006 bust

WASHINGTON — Home prices in major areas have reached their lowest level since the U.S. housing bubble burst in 2006, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy.

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Home again, despite foreclosure

As Catherine Lennon spoke with members of the press about moving back into her foreclosed home on Monday morning, her supportive neighbors said foreclosure actions, uncooperative lenders and robo-signers are destroying their neighborhood in the city’s Southwest Quadrant.

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U.S. House bill would allow bankruptcy judges to adjust mortgages

A bill that would allow certain home mortgages to be modified by bankruptcy judges has been introduced in the House. The Home Foreclosure Reduction Act of 2011, H.R. 1587, would, among other things, allow bankruptcy judges to adjust the amount of an underwater mortgage ...

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More cuts hit foreclosure prevention assistance

The news was bad for foreclosure assistance programs when funding was cut from the New York state budget in March. The news got worse on April 12, when the governor vetoed $1.5 million that Democrats had set aside to continue the program.

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Budget cuts derail foreclosure assistance

Foreclosure rates may be going up, but foreclosure assistance will most certainly be going down due to budget cuts, which drastically reduces the funds provided to foreclosure assistance agencies such as the Empire Justice Center in Rochester and others like it across the state.

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DiNapoli: NY home foreclosure filings decline

ALBANY — New mortgage foreclosure filings dropped last year in New York while still edging up nationally, according to state Comptroller Thomas DiNapoli, who cautioned the fallout continues from the U.S. housing crisis and recession.

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Foreclosure crisis entering a new phase

Foreclosure filings nationwide hit a three-year low in Feb and dropped 27 percent from a year ago, according to the latest study from RealtyTrac. Attorney Paul Riordan, foreclosure settlement conference referee for Monroe County ...

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