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• Documents: R. Kelly owes nearly $5M in taxes

  June 14, 2012 9:55 PM

  CHICAGO (AP) - R&B star R. Kelly, who last year saw his suburban Chicago mansion fall into foreclosure, now has the Internal Revenue Service at his door. Local media reports documents held by the Cook County Recorder of Deeds show the recording artist owes the IRS nearly $5 million in... more »

• US gov't to extend and expand foreclosure program

  January 27, 2012 4:58 PM

  WASHINGTON (AP) - The Obama administration is expanding its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes. The Home Affordable Modification Program will also be extended through 2013. The three-year old program has strived to help those at risk of foreclosure lower... more »

• US foreclosure activity edged higher in 3Q

  October 13, 2011 4:42 AM

  LOS ANGELES (AP) - Foreclosure activity was up between July and September, suggesting that banks are getting more aggressive against borrowers who are behind on their payments. RealtyTrac says the number of U.S. homes that received a first-time default notice during the July to September quarter increased 14 percent compared... more »

• Express Inn facing foreclosure, non-profit trying to keep helping

  March 28, 2011 6:49 PM

  Virgil Caddell has been a resident at the Express Inn on West Cimarron Street in Colorado Springs since being caught sleeping in his car one night about a year and a half ago. "Police directed me here and I've been here ever since." says Caddell. It was tough for... more »

• Attorneys General prepare foreclosure investigation

  October 13, 2010 7:47 PM

  WASHINGTON (AP) - As nearly all the state attorneys general prepare an investigation into the mortgage industry over the foreclosure-document mess, they're also discussing ways to settle the matter. If the states have their way, mortgage companies will have to revamp the way they handle foreclosures, pay penalties for... more »

• States want foreclosure changes

  October 12, 2010 6:01 PM

  WASHINGTON (AP) - Attorneys general in up to 40 states want to force mortgage companies to revamp the way they handle foreclosures, pay financial penalties for violations and expand help to homeowners on the verge of foreclosure. The attorneys general are discussing the outlines of a settlement that would... more »

• Home foreclosure rate soars in Pueblo County

  September 21, 2010 5:07 PM

  The home foreclosure rate in Pueblo County soared 31 percent in August 2010, compared to '09, according to figures released Tuesday by the Colorado Division of Housing. It's the largest percentage increase of any Colorado county. El Paso County saw a 3 percent decline. Overall, the state foreclosure... more »

• Jump in US homes lost to foreclosure

  September 16, 2010 8:23 AM

  New foreclosure data shows lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis three years ago. Foreclosure listing service RealtyTrac Inc. says 95,364 homes were repossessed by lenders last month. That's an increase of 25 percent from the same... more »

• Late mortgage payments rise again in 2nd quarter

  August 17, 2010 8:25 AM

  The rate at which U.S. homeowners fell behind on their mortgage payments remained elevated in the second quarter. Credit reporting agency TransUnion says its data shows that in the three months that ended on June 30, the number of mortgage holders 60 days or more behind on payments was... more »

• Foreclosures on record-setting pace

  July 15, 2010 8:19 AM

  The number of foreclosures this year is on track to top one million. The head of a firm that follows foreclosures says that would be unprecedented -- breaking last year's level of more than 900,000. RealtyTrac Inc. says almost 528,000 homes were taken over by lenders during the first... more »

• Times Square bomb suspect facing foreclosure

  June 2, 2010 3:50 PM

  The suspect in last month's failed Times Square bombing is slated to lose his Connecticut home to foreclosure under a court order. A notice of judgment filed Tuesday in Milford Superior Court orders Faisal Shahzad to repay more than $200,000 to Chase Home Finance LLC on his Shelton home by... more »

• Mortgage delinquencies surge to a record

  May 19, 2010 1:21 PM

  The number of homeowners who missed at least one mortgage payment surged to a record in the first quarter of the year, a sign that the foreclosure crisis is far from over. More than 10 percent of homeowners had missed at least one mortgage payment in the January-March period,... more »

• Local dog rescue is looking for a new home

  April 5, 2010 8:20 PM

  A local dog rescue that was made famous after the Denver pit bull ban enforcement had Denver dog owners scrambling to find homes for their illegal pets, is now scrambling to find a home themselves. The owners of Mariah's Promise Animal Sanctuary , a rescue for pit bulls-type dogs, say... more »

• Mom of octuplets may lose home to foreclosure

  March 20, 2010 9:43 AM

  Octuplets mom Nadya Suleman could be kicked out of her Southern California home. Mortgage holder Amer Haddadin says he is starting foreclosure proceedings on the $565,000 La Habra residence because the family hasn't kept up the payments. His friend and adviser, Ramsey Masso, said Friday that Haddadin signed over the... more »

• Senate backs change in foreclosure sale law

  March 2, 2010 10:35 AM

  The Senate is moving to stop what some lawmakers say is a manipulation of foreclosure sales that's depressing home values. Junior lien holders, such as homeowners associations, can try to collect money owed by foreclosed homeowners. They also have the right to buy a property after it is auctioned off... more »

• Government cracks down on loan modification scams

  February 4, 2010 1:31 PM

  The government is cracking down on companies that advertise help for troubled homeowners but often turn out to be scam artists. The Federal Trade Commission said Thursday it would propose to ban those foreclosure rescue services from collecting payment up front. Instead, they could only collect money if they... more »

• Only 10,000 permanent loan modifications so far

  December 9, 2009 3:06 PM

  Only about 10,000 homeowners have received permanent loan modifications under the Obama administration's mortgage relief plan, evidence of continuing woes for the government's effort to stem the foreclosure crisis. That means fewer than 2 percent of the 650,000 homeowners enrolled in the program as of October had their mortgage payments... more »

• Administration plans new efforts on foreclosures

  November 30, 2009 9:50 AM

  The Obama administration plans to announce an expanded program today to battle a foreclosure crisis that shows no signs of relenting. The government wants to step up pressure on mortgage companies to do more to help people remain in their homes. Treasury spokeswoman Meg Reilly says the goal is to... more »

• Colorado acts against 10 foreclosure-rescue companies

  November 25, 2009 8:08 AM

  Ten more loan-modification firms have agreed to comply with Colorado laws or be barred from doing business in the state. Colorado Attorney General John Suthers said Tuesday that the companies, nine of which are based outside Colorado, were accused of engaging in deceptive advertising or of collecting fees from... more »

• Homeowner accused of burning down own house

  November 18, 2009 11:21 PM

  The man whose foreclosed home burned to the ground in Black Forest, over the summer, has now been arrested for the fire. The home on Wild Oak Drive went up in flames back in July and was a total loss. The owner, 48-year-old Mark Rance, could not be found... more »

• Housing plan reaches 1 in 5 borrowers

  November 10, 2009 11:03 AM

  After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says. More than 650,000 borrowers, or 20 percent of those eligible, have signed up for trials lasting up to five months, the Treasury Department says. The modifications reduce monthly payments... more »

• Watchdog doubts goals of Obama loan relief plan

  October 9, 2009 9:14 AM

  A government watchdog says the Obama administration's effort to help homeowners avoid foreclosure may not achieve its goal of helping up to 4 million borrowers and may not be enough to dampen the impact of the foreclosure crisis on the economy. The Congressional Oversight Panel report says the program is... more »

• Obama's mortgage relief program gaining traction

  September 9, 2009 11:27 AM

  The Obama administration's mortgage relief program is finally gaining traction. Nearly one in five eligible homeowners have been offered help so far, a government report says. The plan, launched with great fanfare in March, had been slow to get going, but more than 571,000 loan modification offers, or 19 percent,... more »