Foreclosures

Foreclosures

Rutledge Reaches $470 Million Joint State-Federal Settlement with HSBC

Arkansas Attorney General Leslie Rutledge along with 49 other states, the District of Columbia, the U.S. Department of Justice, the U.S. Department of Housing and Urban Development and the Consumer Financial Protection Bureau reached a $470 million joint state-federal settlement today with mortgage lender and servicer HSBC to address mortgage origination, servicing and foreclosure abuses.

DEADLINE TO FILE FORECLOSURE CLAIMS IS JAN. 18

Attorney General Dustin McDaniel today reminded Arkansans who are eligible for one-time payments from the National Mortgage Settlement that Friday, Jan. 18, is the deadline to file claims to receive those payments

Large NorCal Community Bank Launches Online Auction to Sell REO Properties

Newport Beach, CA - July 18, 2011 - (RealEstateRama) -- North Valley Bank has launched an online auction featuring a portfolio of OREO assets on the Freedom Realty Exchange, a leading online real estate auction platform. Operated and managed by the auction marketing professionals at the LFC Group of Companies, the online auction presents builders, developers and real estate investors with an incredible opportunity to conveniently purchase REO property through a transparent, fair and open bidding platform. The properties, which include residential land parcels, finished lots and retail/office condos, located in various parts of northern California, have a combined suggested value of nearly $13 million.

NEW LAW HELPS HOMEOWNERS PRIOR TO FORECLOSURES

LITTLE ROCK, AR - April 13, 2011 - (RealEstateRama) -- Attorney General Dustin McDaniel joined Rep. Tiffany Rogers of Stuttgart today to applaud a new state law that equips homeowners with necessary information prior to a foreclosure and encourages loss mitigation or loan modification efforts before the foreclosure can be initiated.

ATTORNEY GENERAL JOINS MULTISTATE REVIEW OF FORECLOSURES

LITTLE ROCK, AR - November 16, 2010 - (RealEstateRama) -- Attorney General Dustin McDaniel today announced that he has joined a multistate review into possibly improper practices within the mortgage service industry.

Walz and Boozman Introduce Bipartisan Legislation to Combat Homelessness Amongst Veterans

October 25, 2010 - (RealEstateRama) -- Rep. Tim Walz (MN-01) and Rep. John Boozman (AR-3) introduced bipartisan legislation to help prevent veterans with VA home loans from becoming homeless due to foreclosure. The legislation mandates that the VA notify its homelessness case managers within seven days of a VA home loan going into default and that the case manager assigned put in place a plan to prevent the veteran from subsequently becoming homeless due to the foreclosure.

Lincoln, Pryor, Snyder Announce Investment to Benefit Arkansas’s Struggling Homeowners

Washington, DC U.S. Senators Blanche Lincoln and Mark Pryor and U.S. Representative Vic Snyder (AR-02) today announced that Arkansas will receive $17,736,991 in U.S. Department of Housing and Urban Development (HUD) funds through the Dodd-Frank Wall Street Reform and Consumer Protection Act that was signed into law in July. The funding will provide loans for homeowners who are behind on their mortgage payments and facing foreclosure.

ATTORNEY GENERAL JOINS MULTISTATE REVIEW OF FORECLOSURES

LITTLE ROCK, AR - October 13, 2010 - (RealEstateRama) -- Attorney General Dustin McDaniel today announced that he has joined a multistate review into possibly improper practices within the mortgage service industry.

Walz and Boozman Introduce Bipartisan Legislation to Combat Homelessness Amongst Veterans

September 22, 2010 - (RealEstateRama) -- Today, Rep. Tim Walz (MN-01) and Rep. John Boozman (AR-3) introduced bipartisan legislation to help prevent veterans with VA home loans from becoming homeless due to foreclosure. The legislation mandates that the VA notify its homelessness case managers within seven days of a VA home loan going into default and that the case manager assigned put in place a plan to prevent the veteran from subsequently becoming homeless due to the foreclosure

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR ARKANSAS STORM VICTIMS

WASHINGTON, DC - February 5, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 24 counties in Arkansas and provide support to homeowners and low-income renters forced from their homes by severe storms and flooding during the period of December 23rd and January 2nd.

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR ARKANSAS STORM VICTIMS

Foreclosure protection offered to displaced families in 37 counties WASHINGTON, DC - December 8, 2009 - (RealEstateRama) -- U.S. Housing and Urban Development...

HUD Secretary announces Disaster Assistance for Arkansas storm victims

WASHINGTON - April 29, 2009 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to three storm-ravaged counties in Arkansas and provide support to homeowners and low-income renters forced from their homes following last month's severe storms and tornadoes.

Fact Sheet: Helping Responsible Homeowners Across America

Today, President Bush will visit North Little Rock, Arkansas, and participate in a roundtable discussion with counselors and individuals who have been helped by the Family Service Agency's Consumer Credit Counseling Service (CCCS).

HUD ANNOUNCES DISASTER ASSISTANCE FOR ARKANSAS TORNADO VICTIMS

WASHINGTON - U.S. Housing and Urban Development Secretary Alphonso Jackson today announced HUD will speed federal disaster assistance to ten tornado-ravaged counties in Arkansas and provide support to homeowners and low-income renters forced from their homes following severe storms, high winds and flooding. This assistance includes foreclosure relief for families whose homes are insured through HUD's Federal Housing Administration (FHA)

HUD ANNOUNCES DISASTER ASSISTANCE FOR ARKANSAS TORNADO VICTIMS

WASHINGTON - U.S. Housing and Urban Development Secretary Alphonso Jackson today announced HUD will speed federal disaster assistance to ten tornado-ravaged counties in Arkansas and provide support to homeowners and low-income renters forced from their homes following severe storms, high winds and flooding. This assistance includes foreclosure relief for families whose homes are insured through HUD's Federal Housing Administration (FHA)

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Arkansas Congressional Delegation Introduces Bill Giving States Power to Reject Federal...

U.S. Representatives Rick Crawford (AR-01), French Hill (AR-02), Steve Womack (AR-03) and Bruce Westerman (AR-04) and U.S. Senators John Boozman (R-AR) and Tom Cotton (R-AR) introduced legislation to restore the right of states to approve or disapprove of electric transmission projects before the federal government exercises its power to take private property

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RUTLEDGE ANNOUNCES IZARD COUNTY MAN SENTENCED FOR PROPERTY THEFT

Arkansas Attorney General Leslie Rutledge today announced the conviction of an Izard County man for property theft by deception. Clifton Davis pleaded guilty in Pulaski County Circuit Court and was sentenced to five years probation and to pay $5,232 in restitution to the Arkansas Medicaid Program, $500 in fines and court costs