Foreclosure

Protection Center to Help Kentuckians in Danger of Losing Their Homes

August 11, 2008 -- OWENSBORO, Ky. – Kentucky Governor Steve Beshear today announced at a press conference in Owensboro the creation of the Kentucky Homeownership Protection Center to address the foreclosure crisis in the commonwealth. The Protection Center, created by the passage of HB 552 during the 2008 General Assembly, will help Kentuckians in financial trouble become more proactive in keeping their homes.    » read more »

May 22, 2008 -- SAN DIEGO -- California Attorney General Brown today shut down a team of scam artists that acquired deeds to hundreds of homes in foreclosure by convincing desperate consumers to place their property in a “land grant,” a phony and worthless real estate document.

Federal Land Grant Company—a San Diego-based business run by Bill Hutchings, his wife Xiaoke Li and former wife Shawna Landis—tricked desperate homeowners into believing that they could protect their homes from foreclosure by deeding their property to “federal land grants.” Land grant transfers, used hundreds of years ago when the United States was still acquiring land from other countries, are no longer recognized by any court or county assessor.    » read more »

National operation includes more than 180 actions against instances of telemarketing fraud

May 20, 2008 -- TALLAHASSEE, FL – Florida Attorney General Bill McCollum, Florida Agriculture and Consumer Services Commissioner Charles H. Bronson, the Federal Trade Commission (FTC), and a series of Florida partners today announced the results of a national telemarketing fraud sweep, including several actions taken throughout Florida over the past few months.    » read more »

May 09, 2008 -- "Working people applaud the bipartisan effort by the U.S. House of Representatives to help struggling homeowners retain their piece of the American dream. This bill is an important step toward keeping millions of struggling families from losing everything they have worked for all their lives.

President Bush’s threat to veto this legislation is both inhumane and dangerously short-sighted. The funds in this legislation are an investment in healthy communities, vibrant neighborhoods and a stable economy.    » read more »

May 8, 2008 -- Washington, D.C. – Speaker Nancy Pelosi released the following statement today after the House approved comprehensive bipartisan legislation to address the housing foreclosure crisis:

“The New Direction Congress acted today to protect the American Dream of homeownership with a comprehensive package of housing policy reforms that will help protect families facing foreclosure and stem the continuing drop in home values around the country.    » read more »

Legislation Headed to House Floor

May 8, 2008 -- Chicago – Illinois Attorney General Lisa Madigan, State Representative Marlow Colvin (D-33rd) and State Senator Jacqueline Collins (D-16th) have initiated new legislation to assist struggling homeowners to help save their homes. The measure, introduced as the Homeowner’s Rights Act (HB 838) by Rep. Colvin and set to be sponsored in the Senate by Sen. Collins, was voted out of house committee Wednesday and, if passed, will amend the Illinois Mortgage Foreclosure Law.    » read more »

May 7, 2008 -- WASHINGTON, DC - U.S. Senators Bob Casey (D-PA) and Johnny Isakson (R-GA) today introduced a bipartisan bill to help prevent injured veterans from losing their homes while awaiting adjudication on their disability claims.

The Disabled Veterans Homeownership Preservation Act would help disabled veterans who are caught up in the extensive backlog of claims pending in the U.S. Department of Veterans Affairs (VA).

Wounded Iraq veterans: Photo by soldiersmediacenter (CC)    » read more »