Foreclosure http://wfae.org en Charlotte Foreclosure Activity Drops 46% In September http://wfae.org/post/charlotte-foreclosure-activity-drops-46-september <p>Charlotte-area foreclosure activity dropped 46 percent in September from a year ago, for a decline larger than the national rate, a report released Thursday shows.</p><p>According to Irvine, Calif.-based RealtyTrac, default notices, auctions and bank repossessions were reported on 708 properties in the metropolitan area, a 28 percent decrease from August. Nationally, foreclosure filings were reported on 131,232 properties, down 27 percent from a year ago but up 2 percent from August.</p> Thu, 10 Oct 2013 13:51:43 +0000 Deon Roberts 37017 at http://wfae.org BofA Gets Praise From Housing Counselors http://wfae.org/post/bofa-gets-praise-housing-counselors <p>When Bank of America announces quarterly earnings this week, foreclosures and defaulting loans will once again be a key part of the equation.</p><p>The Charlotte bank has spent four years wading through a sea of troubled mortgages it took on with the 2008 acquisition of Countrywide. Along the way it's become a favorite target of vitriol - often landing on lists of "most hated institutions" in America.&nbsp;</p><p>But recently, WFAE's Julie Rose discovered some of the people on the front lines of the foreclosure crisis are softening toward Bank of America.&nbsp;</p> Mon, 15 Oct 2012 10:26:22 +0000 Julie Rose 13729 at http://wfae.org BofA Gets Praise From Housing Counselors Big Banks Now Required To Improve Service On Home Loans http://wfae.org/post/big-banks-now-required-improve-service-home-loans <p>Getting a mortgage modified should be significantly easier as of today - assuming five of the nation's largest lenders deliver on promises they made in a $25 billion settlement signed six months ago.</p><p>Today is the deadline for Bank of America, Wells Fargo, JP Morgan Chase, Citigroup and Ally Financial to implement hundreds of improvements to customer service for home loans.</p> Tue, 02 Oct 2012 04:51:54 +0000 Julie Rose 12970 at http://wfae.org Big Banks Now Required To Improve Service On Home Loans Charlotte Companies Sued For Foreclosure Fraud http://wfae.org/post/charlotte-companies-sued-foreclosure-fraud <p>The North Carolina Attorney General’s office filed a lawsuit against three mortgage loan modification companies on Friday. Two of the three companies are based in Charlotte.</p><p>According to the lawsuit, one of the companies, <a href="http://www.scribd.com/doc/107069988" target="_blank">Community Mortgage Assistance Program</a>, charged customers up to $1,500 in advance.&nbsp;</p><p>Koy Chiu is executive director of the company. On her website, Chiu advertises: “TIRED OF MODIFICATION SCAMS?! KNOWLEDGE IS POWER! SAVE YOUR HOME TODAY!”.</p> Wed, 26 Sep 2012 15:59:24 +0000 Tasnim Shamma 7151 at http://wfae.org Charlotte Companies Sued For Foreclosure Fraud