News
Foreclosures

Congressman Al Green Urges Mortgage Servicers to Address the Needs of Minority Borrowers

Washington, DC - December 9, 2009 - (RealEstateRama) — Today Congressman Al Green (TX-09) called on private mortgage servicers to better address the needs of struggling minority homeowners during a hearing of the House Committee on Financial Services regarding the current foreclosure crisis.

State housing agency secures $450,000 grant to intensify foreclosure prevention efforts

AUSTIN, TX - October 19, 2009 - (RealEstateRama) — The Texas Department of Housing and Community Affairs (TDHCA) has announced that it has secured $449,960 in federal grant funds through the National Foreclosure Mitigation Counseling (NFMC) Program to help stem the tide of home foreclosures and bring stability to families, neighborhoods and local government finances.

With nearly 1 million homes in foreclosure, Congressman Al Green unites with experts and banks to help overcome the crisis

Houston, TX - October 3, 2009 - (RealEstateRama) — Today, Houston residents attended a housing foreclosure prevention workshop hosted by U.S. Congressman Al Green (TX-09) and learned about strategies they could use to avoid losing their home, such as loan modification, refinancing services and assistance from the federal government.

Federal Jury Convicts San Antonio Woman of Criminal Contempt and Mail Fraud in Foreclosure Prevention Scheme

San Antonio, TX - June 17, 2009 - (RealEstateRama) - John E. Murphy, Acting United States Attorney, announced that a federal jury this morning returned a guilty verdict against a San Antonio woman, who claimed to be a foreclosure prevention specialist, on seven counts each of criminal contempt and mail fraud.

Attorney General Abbott Charges Houston Firms with Conducting Fraudulent Foreclosure Rescue Scam

HOUSTON, TX - May 15, 2009 - (RealEstateRama) — A Harris County district judge froze several Houston firms’ assets after Texas Attorney General Greg Abbott charged the companies with running foreclosure “rescue” scams.

Foreclosure Assistance Solutions Inc. repays 351 Texas homeowners more than $390,000

SAN ANTONIO, TX - March 12, 2009 - (RealEstateRama) — Texas Attorney General Greg Abbott today announced the conclusion of the state’s enforcement action against Foreclosure Assistance Solutions (FAS). As a result of an agreement, the Florida-based company must no longer engage in the foreclosure mitigation business in Texas and has paid more than $390,000 in restitution to 351 Texas homeowners.

Consumer Alert: Foreclosure Rescue Scams Growing Threat To Consumers

Fraudulent companies cheat Texans out of the American Dream of homeownership
Austin, TX - March 5, 2009 - (RealEstateRama) — Tough economic times bring out criminals seeking to take advantage of the desperate or unwary.

Gohmert Votes Against Mortgage “Cram-Down” That will Diminish Home Loans for Young Couples

WASHINGTON, D.C.- March 05, 2009 - (RealEstateRama) — Congressman Louie Gohmert released the following statement following the House’s passage of H.R. 1106, the Helping Families Save Their Homes Act of 2009, a bill that allows bankruptcy judges to “cram-down” the principal balance of mortgage loans for borrowers facing home foreclosure and unfairly leaving responsible borrowers to pay for the homes of their neighbors:

State housing agency secures $387,000 grant to help step up foreclosure prevention efforts

AUSTIN, TX - January 26, 2009 - (RealEstateRama) – Determined to stem the tide of home foreclosures across the state and help bring stability to families, neighborhoods and local government finances, the Texas Department of Housing and Community Affairs (TDHCA) has announced that it has secured $387,000 in federal grant funds through the National Foreclosure Mitigation Counseling (NFMC) Program.

Foreclosure Rescue Fraud Prevention Act to strengthen penalties for scams

AUSTIN, TX - December 10, 2008 - (RealEstateRama) – Texas Attorney General Greg Abbott and state Sen. Craig Estes (Wichita Falls) announced a legislative initiative that will help protect Texas homeowners from foreclosure rescue scams. If enacted, the proposal would enhance the Attorney General’s enforcement authority, provide new protections for homeowners, and place new restrictions […]