Dane County Foreclosure Workshops

For our friends in Dane County, Greenpath will be sponsoring a set of foreclosure prevention workshops in the coming weeks.  This was in the Wisconsin State Journal: More help for local residents struggling to keep their homes is available in two upcoming free workshops sponsored by the Dane County Foreclosure Prevention Taskforce. Attendance is requiredContinue Reading

Wisconsin Foreclosure Rates on the Rise

Wisconsin foreclosure rates are back on the rise.  After two months in which Wisconsin foreclosure filings were lower than the same time a year ago, filings crept up 1.1% in August. A preliminary count by Madison-based showed 2,511 filings in courts around the state last month, compared with 2,484 in August of 2009 TheContinue Reading

Fannie Mae Ordered to Pay Restitution to Neighbors

When someone decides to “strategically default” on the mortgage and allow the mortgage company to foreclose on their home; I always counsel the client to stay in the home until the Sheriff’s Sale has been confirmed.  The homeowner maintains all rights and obligations of the home until the deed is transferred to the new owner.Continue Reading

Help For Homeowners – Something Borrowed?

There may be a new flood of foreclosures coming.  It won’t have anything to do with the Option ARM Mortgages that are currently resetting.  Take a look at this article posted at Source: By Kevin Drum,, ref. Andy Kroll The Obama administration’s program to address home foreclosures, HAMP, has been a pretty dismalContinue Reading

Qualified Written Request Day

Let’s declare September 18th to be National Qualified Written Request Day and encourage every homeowner to send a QWR to their mortgage servicers;  in honor of the Bear Sterns collapse that lead to the mortgage debacle.  Copies to the White House and Congress would also be a nice touch. The Real Estate Settlement Procedures ActContinue Reading

HAMP (THE OBAMA PLAN) Analysis Taking 6-9 Months

I was in court Wednesday for a status conference.  The case involves a Foreclosure.  US Bank versus my client.  After I filed an Answer to the Complaint and Counterclaims.  The Parties set about trying to resolve the matter through the Milwaukee County Foreclosure Mediation Program, conducted by Marquette University Law School. In accordance with theContinue Reading

Take Root Milwaukee – Foreclosure Help

The City of Milwaukee is one of the first cities to receive grant money to help stop foreclosures under new federal guidelines.  Take Root Milwaukee cooperates with local businesses and non-profits in the housing industry to provide advice and guidance for those facing foreclosure. One glaring omission; not one word about the law.  Nothing aboutContinue Reading

Foreclosure Prevention Workshop June 25 & 28

Our friends at Greenpath ask us to pass along the info for their upcoming Foreclosure Prevention Workshop in Madison, WI Foreclosure Prevention Workshop:  PLANNING IN DIFFICULT TIMES Learn about programs to help you manage your mortgage . Leave with tools and resources to help you make informed decisions Where: Urban League @ the Villager MallContinue Reading

Homeowners Due Money From Bank of America

According to an announcement released today from the Federal Trade Commission, Bank of America has agreed to pay $108 Million to abused homeowners. Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corporation, which it acquired nearly two years ago, collected outsized fees from about 200,000 borrowers facing foreclosure. TheContinue Reading

Eight Years of Foreclosed Home Inventory

According to the Wall Street Journal an 8 year inventory of foreclosed homes exists, LPS Applied Analytics estimated that foreclosures would create so much market supply that it would take 103 months to liquidate it. As of March, banks had an inventory of about 1.1 million foreclosed homes, up 20% from a year earlier, accordingContinue Reading

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