Home Foreclosure News of the Day: Should Government Force More Homeowners Into Foreclosure to End Housing Crisis?

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

This is exactly what some industry experts are advising. In the article, How to rescue the housing market: Foreclosures!, a cogent argument is laid out. It states: 

Four years into the housing crisis, the real estate market is still teetering on the edge. The Obama administration has tried one program after another to stem the tide of foreclosures with limited success. . . .

. . . some housing experts argue that the administration should go in a different direction than it has in the past. Instead, they say it’s time to focus on pushing many of those delinquent borrowers through the foreclosure process and putting foreclosed properties back into use.

As we’ve discussed here in this blog before, many lenders are purposely not foreclosinng on delinquent homeowenrs. And sure a lot of it may be due to administrative backlogs, and legislative hang ups like the robosigning scandal.

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HOWEVER, it serves their purposes too (as discussed in the linked-to article just above) — because we all know that lenders don’t do anything — for long — that’s not in their favor.

If they worked with more homeowners, eg, got their collective heads out of their collective a**es and start lowering principal balances and giving permanent, affordable home loan modifications, they wouldn’t have to “speed up the foreclosure process;” they could be processing loans that will keep people in their homes — and money in their coffers.

What do you think? Should the foreclosure process be speeded up? Let us know in the comments section below.

Related Posts 

Foreclosure Advice: Should You Continue to Pay Your Mortgage While You Wait for a Home Loan Modification?

Home Foreclosure News of the Day: Is the Housing Crisis Finally Coming to an End? The Answer May Surprise You

Home Foreclosure News of the Day: Banks FINALLY Considering Writing Down Principal Balances – Because They Were Forced to By This

Foreclosure Crisis Deepens Yet Again: The One Thing Lenders Won’t Do That Could Significantly Decrease Foreclosures Immediately  

Home Foreclosure News: Should the Government Intervene or Let the Market Take Care of the Home Foreclosure Situation?  

Stopping Foreclosure: Banks Considering Giving Principal Reductions, Permanent Modifications & More to Prevent Foreclosure for Many Homeowners

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs.

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Copyright ©2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 8/30/2011

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

City Bid Request for Downtown Sidewalk Steam Cleaning Services. (Palo Alto, CA).  The City of Palo Alto is seeking proposals from qualified firms to provide services to provide sidewalk steam cleaning services. The required services are described in the Scope of Services. Deadline to submit: September 13, 2011. Get full details of this city contract for sidewalk cleaning services.

City Bid Request for Concrete Sidewalk Grinding Services. (Palo Alto, CA).  The City of Palo Alto is seeking proposals from qualified firms to provide services to provide services of furnishing labor, equipment, materials, and transportation to perform grinding services at City’s sidewalks on various locations to eliminate potential sidewalk tripping hazards. Deadline to submit: September 27, 2011. Get full details of this city contract for concrete grinding services.

More Job Leads Listed Below . . .
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City Bid Request for Pressure Washing Services.  (Palo Alto, CA).  The City of Palo Alto is seeking bids to provide pressure washing and preparation of roof deck to receive cool roofing and installation of cool roofing system over the mineral cap roof deck. Deadline to submit: August 30, 2011. Get full details of this city contract for pressure washing services.

Request for Proposals for Custodial Services. (Phoenix, AZ). For 75,000 Sq. Ft. Commercial Building Deadline to submit: Originally August 31. Now, Sept 8, 2011. Get full details of this city contract for custodial/cleaning services.

Request for Proposals for Custodial Services. (Phoenix, AZ). For the College of Medicine (Van Buren Buildings). Deadline to submit: Originally August 31. Now, Sept 8, 2011. Get full details of this city contract for custodial/cleaning services

Request for Proposals for Landscape Management. (Phoenix, AZ). For University of Arizona (ABC1 Bldng). Deadline to submit: Originally August 29. Now Sept 6, 2011. Get full details of this city contract for landscaping services.

Request for Proposals for Landscape Management. (Phoenix, AZ). For the College of Medicine (Van Buren Buildings), University of Arizona. Deadline to submit: Originally August 29. Now, Sept 6, 2011. Get full details of this city contract for landscaping services.

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P.S.: Bank Failures Can Mean Big Business for Foreclosure Cleaning Businesses! Learn which banks closed have closed recently. Then, learn how to use bank failures to grow your foreclosure cleaning business.

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Copyright ©2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Home Foreclosure News of the Day: Gov’t Seeks “Partners” to Buy, Rehab, Invest in Foreclosures – Can You Help?

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

The Obama administration is looking for new ideas to shrink a glut of foreclosed properties held by mortgage finance giants Fannie Mae and Freddie that are weighing down the housing market and hurting home prices.

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Among possible investors, officials said they were looking for private-equity funds, financial institutions, and perhaps local governments and nonprofits to buy foreclosed properties and offer them as rentals in stressed housing markets.

The government is open to comments through September 15.

Read the full story at White House seeks ideas to shrink foreclosure glut.

Related Posts

Right of Redemption Laws: How to Get Your Home Back – Even After It’s Sold as a Foreclosure
Home Foreclosure Auctions: The Biggest Advantage and Disadvantage of Them  

Buying a Foreclosure? Here’s the Difference between a Regular Foreclosure and an REO Foreclosure

Foreclosure Auctions: Mortgage Meltdown Brings New RE Investors to the Table

Buy Foreclosed Properties at a 40% Discount: Why This Isn’t Necessarily a Good Thing

How to Lose Your Foreclosed Home at Auction and Still Receive Thousands of Dollars

Home Foreclosure News: More Foreclosed Properties Expected to Hit the Market, Presenting Opportunity for Homebuyers Willing to Take Risk

Want to Buy Foreclosed Homes or Clean Foreclosed Properties? Contact a Certified Foreclosure Real Estate Agent: Here’s How & Why

Buy Foreclosures Cheap: Just What the Housing Market Needs to Get Moving Again

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs.

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Copyright ©2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Lost Your Home to Foreclosure in Cook County, IL? You May be Owed Some Money — Here’s How to Find Out and Claim It

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Foreclosures in Cook, County, IL: Many Previous Homeowners Owed Money

About $16 million is sitting in a Cook County court fund, just waiting for the rightful owners — namely home and business owners who lost their property to foreclosure . . . Nearly 2,000 property owners have an average of $2,000 coming to them from foreclosures that date back to the 1990s. Amounts range from 13 cents to $460,000 owed to a business . . .

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The money is part of a mortgage foreclosure surplus fund [aka overbid funds] — profits generated when foreclosed property is sold for more than what the original owner owed the bank.

Learn how to find out if you’re owed money, and how to claim it in the Chicago Sun Times article, Property foreclosed? Cook Co. hold $16M in fund waiting to be claimed.

Related Posts

Right of Redemption Laws: How to Get Your Home Back – Even After It’s Sold as a Foreclosure
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P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright © 2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 8/24/2011

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

State Bid Request to Furnish and Install Residential Siding. (Topeka, KS). Scope of Work: This Contract shall cover the procurement of Siding, Furnish & Install, On Call for the Kansas Soldiers Home during the contract period referenced above. The term of this contract is for five years (from September 2011 through September 2016). The value of the projects contracted under this agreement will typically be under $500,000.00 dollars and over $2,000.00 dollars. Deadline to submit: September 7, 2011. Get full details of this state contract to install residential siding.

City Bid Request for Lawn Care and Snow Removal Services. (Olathe, KS). Scope of Work: The contract resulting from this Invitation for Bid shall be for lawn care and snow removal services for the Kansas Highway Patrol Vehicle Inspection Building. Deadline to submit: September 14, 2011. Get full details of this city contract for lawn maintenance and snow removal services.

More Job Leads Listed Below . . .
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City Bid Request for Janitorial Services: (Olathe, KS). Scope of Work: This proposal is intended to provide for the establishment of a contract to provide janitorial services for the Kansas Department of Transportation Olathe Metro Office Building. Contract Term: 1 year, with 4 optional 1-year renewals. Deadline to submit: August 26, 2011. Get full details of this city contract for janitorial services.

City Bid Request to Install Heating/Cooling Units: (Topeka, KS). Scope of Work: Furnish all labor and materials to install heating and cooling units at Lovewell State Park & Wildlife Area for KDW&P. Deadline to submit: September 1, 2011. Get full details of this city contract to install heating and cooling units.

City Bid Request for Janitorial Services: (Raleigh, NC). Scope of Work: Provide janitorial services for the Division of Central Administration. 6-month Contract: Deadline to submit: August 31, 2011. Get full details of this city contract for janitorial services.

City Bid Request for Trash Pickup and Recycling Services: (Raleigh, NC). Scope of Work: Trash Pickup and Recycling Services for Hammocks Beach State Park. Deadline to submit: September 1, 2011. Get full details of this city contract for trash pickup and recycling services.

City Bid Request Weatherization and HVAC Upgrade Services: (Graham, NC). Scope of Work: Enhance energy efficiency of 11 buildings owned by City of Graham, Town of Elon and Town of Haw River by installation of new weatherization and HVAC upgrades. Deadline to submit: August 31, 2011. Get full details of this city contract for weatherization and HVAC upgrade services.

City Purchasing Request for Dumpster Rental and Disposal Services: (Raleigh, NC). Scope of Work: Solicit waste dumpster collection units and disposal services on behalf of the NC Dept of Administration, Facility Management Division. Deadline to submit: August 26, 2011. Get full details of this city contract for weatherization and HVAC upgrade services.

City Purchasing Request for Painting Services: (Jamestown, NC). Scope of Work: Guildford Technical Community College (GTCC) is seeking a painter to handle various painting projects on all GTCC campuses from date of bid award until June 15, 2012. Contract not to exceed $25,000. Deadline to submit: August 29, 2011. Get full details of this city contract for painting services.

City Request for Proposal for Glass Replacement and Repair Services: (Charlotte, NC). Scope of Work: Seeking a glass repair and replacement provider for the University of North Carolina (UNC) Charlotte campus which consists of various departments who will be eligible to use this contract. Term of Contract: 1 year, with possibility of renewal for two additional 1 yr periods. Deadline to submit: September 7, 2011. Get full details of this city contract for glass repair and replacement services.

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Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 8/17/2011

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Related Posts

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Foreclosure Cleanup: Many Cities Allocating Gov’t Funds to Cleaning Foreclosed Properties

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Foreclosure Cleaning Business: Why You Should Never Discuss Rates or Prices Over the Phone

P.S.: Bank Failures Can Mean Big Business for Foreclosure Cleaning Businesses! Learn which banks closed have closed recently. Then, learn how to use bank failures to grow your foreclosure cleaning business.

P.P.S.: Like this post? Tweet it and follow Foreclosure Business News on Twitter.

Copyright ©2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Home Foreclosure News of the Day: More HOAs Going Broke Because of Foreclosures — Many Suing Lenders to Force Them to Foreclose

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

When homeowners stop paying their homeowner association (HOA) dues, all homeowners suffer. And with more and more banks taking forever to foreclose on properties that have either been abandoned by owners and/or those who’ve just stopped paying and are living “rent/mortgage free,” it’s leaving many HOAs in a financial hole.

Many are starting to fight back by taking lenders/banks to court and forcing them to officially foreclose. Why would they do this? So that they — or the lender — can sell/rent the property and start collecting monies again. A Miamia condo HOA did just this, as the following story relays.

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Members of the Vintage East Condominium Association in Miami Beach got tired of waiting for JPMorgan Chase & Co. (JPM) to foreclose on unit 9, so they sued the bank in February to take control of the property.

In June, more than four years after the owner stopped making payments, a judge ruled that JPMorgan lost its claim to the $144,000 mortgage. The apartment is now on the market for $87,500, and the association may stave off insolvency with proceeds from the sale and a new owner who pays monthly dues, said Jane Losson, a board member at the complex . . .

Read the full story at Homeowner Groups Sue to Force Foreclosures.

What do you think? Should lenders lose possession of a property if they don’t foreclose within a certain time frame? Let us know in the comments section below.

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P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs.

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Copyright © 2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Home Foreclosure News of the Day: NY Out of Justice Dept Settlement Talks with Banks Over Foreclosure Wrongdoings

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Attorneys general from all 50 states last year announced their investigation into bank foreclosure practices after reports that faulty documents were being used to seize homes. Since then, a group of attorneys general and officials from federal agencies, including the Justice Department, have been negotiating a settlement with the five largest mortgage servicers in the U.S. . . .

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New York Attorney General Eric Schneiderman was removed from a leadership role in negotiating a nationwide foreclosure settlement with U.S. banks because his office “actively worked to undermine” the effort . . .

But, does New York’s Attorney General have a point?

Is his way of looking at things better for homeowners facing foreclosure, or are other Attorneys Generals “rushing” to get a deal done just to get this whole thing over with? Let us know in the comments section below.

Read the full story at New York Loses Foreclosure Panel Post for ‘Undermining’ Deal on Bloomberg.com.

Related Posts

Foreclosure Statistics: 4 Reasons Home Foreclosures are Suddenly Declining

Home Foreclosure News of the Day: More Americans Unable to Pay Their Mortgage — What It Means for the Average Joe Homeowner

Home Foreclosure News of the Day: Banks FINALLY Considering Writing Down Principal Balances – Because They Were Forced to By This

Home Foreclosure News of the Day: The Main Sticking Point Now for Banks Settling on How Much to Pay for Robosigning & Other Illegal Home Foreclosure Tactics

Which States Have the Highest Foreclosure Rates?

Big Banks Gone Wild! Bank of America and Other Large Banks In the Hot Seat Again Over Foreclosure Misdeeds

Home Foreclosure News: Why Home Prices May Be Depressed for Some Years to Come & What It Means for the Average Homeowner

P.S.: Bank Failures Can Mean Big Business for Foreclosure Cleaning Businesses! Learn which banks closed have closed recently. Then, learn how to use bank failures to grow your foreclosure cleaning business.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright © 2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author. Violators will be prosecuted.

Home Foreclosure News of the Day: More Americans Unable to Pay Their Mortgage — What It Means for the Average Joe Homeowner

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

After falling for most of the year, the figures offer the latest indication of how the slumping job market threatens to create new problems for housing. Mortgage delinquencies, while still down from their year-earlier levels, have now edged up in two consecutive quarters after hitting a plateau last year, according to the Mortgage Bankers Association.

Why Are So Many Homeowners Struggling to Pay Their Mortgage?

Much of this can be attributed to the job market. People need jobs to be able to pay their mortgages. Unless and until the job market can recover, the housing market will likely see these types of stops and starts (eg, declining foreclosures, then a return of high mortgage delinquencies).

What Does This Mean for the Average Joe?

Quite frankly, that many will probably lose their home because delinquency indicates financial problems for homeowners.

Also, this adds more to lender plates, meaning that a steady increase in delinquencies that indicate more foreclosures to come down the pike ends up leading to a “foreclosure backlog.” And this backlog “threatens to create more uncertainty for housing markets because of concerns that a large “shadow” inventory of foreclosed properties could ultimately flood certain markets.”

Read the full story at the Wall Street Journal Online: Mortgage Delinquencies Increase.

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More Home Foreclosure News of the Day: Jobs, Jobs, Jobs: What’s Needed to Stop the Foreclosure Bleeding

The percentage of U.S. mortgages overdue by one month rose to the highest level in a year in the second quarter as homeowners who lost jobs were unable to make their payments. The unemployment rate in the three months ended June 30 rose to 9.1 percent from 8.9 percent, the first quarterly increase since 2009, according to the Labor Department. Jobless claims jumped to an eight-month high in late April, government data show.

“Delinquencies very much reflect what’s going on in the labor market, and we saw those numbers deteriorate . . . The slowdown in delinquencies we saw in prior quarters stopped the bleeding, but this uptick could lead to more foreclosures.”

Read more in Early Mortgage Delinquencies Rise to Highest in Year as U.S. Economy Slows.
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Foreclosure Talks Hit a Bump in the Road

Efforts to reach a settlement that would end the long-running probe of foreclosure practices are snagged over whether banks will get broad legal immunity from state officials for mortgage-related claims. . . . Federal and state officials are seeking penalties of $20 billion to $25 billion from Bank of America Corp., J.P. Morgan Chase & Co. and other financial firms under investigation since last fall.

Read full story in Foreclosure Talks Snag on Bank Liability.

Related Posts

Foreclosure Statistics: 4 Reasons Home Foreclosures are Suddenly Declining

Home Foreclosure News of the Day: Banks FINALLY Considering Writing Down Principal Balances – Because They Were Forced to By This

Home Foreclosure News of the Day: The Main Sticking Point Now for Banks Settling on How Much to Pay for Robosigning & Other Illegal Home Foreclosure Tactics

Which States Have the Highest Foreclosure Rates?

Big Banks Gone Wild! Bank of America and Other Large Banks In the Hot Seat Again Over Foreclosure Misdeeds

Home Foreclosure News: Why Home Prices May Be Depressed for Some Years to Come & What It Means for the Average Homeowner

P.S.: Bank Failures Can Mean Big Business for Foreclosure Cleaning Businesses! Learn which banks closed have closed recently. Then, learn how to use bank failures to grow your foreclosure cleaning business.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright © 2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author. Violators will be prosecuted.

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 8/17/2011

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

City Request for Proposal for Landscape Maintenance Services (Riverside, CA).   Scope of Work: Provide landscape maintenance services for the five (5) Commission owned commuter rail stations and the Perris Transit Center. Deadline to submit: September 8, 2011. Get full details of this city contract for landscape maintenance services.

City Request for Proposal for Exterior Painting, Gutter Installation, Deck Coatings, Etc. to Apt Complex (San Jose, CA).   The Property Management Inc., (PMI) is seeking bids for Trim Replacements, Exterior Painting, Deck Coating and Installation of New Gutter/Downspout Project (64-Unit Apartment Complex). Deadline to submit: September 1, 2011. Get full details of this city contract for exterior painting, gutter installation, etc. services.

Note about Missed Bid Deadlines, Pre-Bid Meetings, Etc.:

Remember, sometimes contracts get cancelled, reassigned and/or re-issued. Sometimes winning bidders pull out and/or are fired. Other times, not enough qualified bidders apply. We say all this to say, contact the applicable agency to see if your bid can still be accepted if you’ve missed a pre-bid meeting and/or the deadline to submit has passed.

More Job Leads Listed Below . . .
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The City of Norfolk, VA Has Several Contracting Opportunities, ie:

City Request for Proposal for Property Management Services.   Scope of Work: Provide property management services for Norfolk Redevelopment and Housing Authority’s 4 multifamily housing developments.  Contract term: 5 years. Deadline to submit: September 9, 2011. Get full details of this city contract for property management services.

City Request for Proposal for Roof Repair/Maintenance & Gutter Cleaning Services.   Scope of Work: Norfolk Redevelopment and Housing Authority (NRHA) will be soliciting bids for Semi-Annual Inspection, Repair and Maintenance Services for Roofs and Gutter Systems for various NRHA Communities throughout the city of Norfolk, Virginia. Deadline to submit: August 26, 2011. Get full details of this city contract for roof repair/maintenance and gutter services.

City Request for Proposal for Landscape Maintenance & Other Services.   Scope of Work: Norfolk Redevelopment and Housing Authority, (NRHA) is seeking quotes for Grandy Village, Bio-Retention Areas and Landscaping Maintenance support services. Pre-proposal conference will be held on August 24th. Deadline to submit: September 9, 2011. Get full details of this city contract for landscape maintenance and other services.

City Request for Proposal for Elevator Maintenance & Repairs.   Norfolk Redevelopment and Housing Authority is soliciting formal proposals from qualified sources to establish a contract with one qualified Contractor to provide a full maintenance agreement including repairs for elevators. . Deadline to submit: August 26, 2011. Get full details of this city contract for elevator maintenance and repairs.

Previous Foreclosure Cleaning/Commercial Cleaning/Real Estate-Services Related Job Leads Posted

Foreclosure Cleanup Job Leads, Foreclosure Cleaning Contracts, Foreclosure Clean Up Bid Opportunities and More

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 8/15/2011

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 8/9/2011

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If you/your company is not qualified, feel free send the link to this page along to others you might know who can benefit. It creates good karma — which always comes back to you.

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P.S.: Bank Failures Can Mean Big Business for Foreclosure Cleaning Businesses! Learn which banks closed have closed recently. Then, learn how to use bank failures to grow your foreclosure cleaning business.

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Copyright © 2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Home Foreclosure News of the Day: Number of Homeless Families Rising Due to Foreclosures (and Other Housing Crisis News)

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Homelessness among Families Spreading Due to Foreclosures

For the past two months, “home” for Brian Bonnet, his wife and their three children has been a single room at Utah’s largest shelter. . . . Sadly, the Bonnets are not the only family in Utah — or the nation — plunged into poverty by an economic decline that, according to the Annie E. Casey Foundation, has wiped out “tremendous gains” U.S. families achieved a decade ago.

Full story at Unemployment, foreclosures drive more Utah families into poverty.

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New Jersey Judge Lifts Ban on Home Foreclosures, Allowing Them to Continue

A New Jersey judge has ruled that four major banks can resume uncontested foreclosure actions in the state under court monitoring. Full story at NJ judge lifts holds on major banks’ foreclosures.

Bank of America Seeking to Settle “Illegal Home Foreclosure Lawsuits” Because of Concerns It’s Hurting Its Stock

Bank of America Corp. (BAC) may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations . . . Bank of America executives, concerned that a delay in resolving the case is hurting the firm’s stock, are open to a deal that would resolve most of it, even if some mortgage investigations continue . . .

Full story at BofA Said to Consider Foreclosure Deal That Leaves Securities Probes Open.

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P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs.

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Copyright © 2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author

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