Bryan Ellis Real Estate Letter - Bank of America Faces Class Action Suit Over TARP Money Foreclosure “Agreement”

Note: Bank of America, Foreclosure Fraud, Financial Hypocrisy

Bryan Ellis Real Estate Letter - Bank of America Faces Class Action Suit Over TARP Money Foreclosure “Agreement”:

"Bank of America’s refusal to participate in foreclosure prevention programs even though it accepted $25 billion in TARP (Troubled Asset Relief Program) money has plaintiffs in St. Louis, Connecticut, claiming that the beleaguered lender broke faith with the U.S. Treasury and let borrowers in foreclosure down"

Fannie Mae To Open Help Center In Phoenix - State News Story - KPHO Phoenix

Fannie Mae To Open Help Center In Phoenix - State News Story - KPHO Phoenix: "PHOENIX, Ariz. -- Fannie Mae is opening a new mortgage help center in Phoenix to help struggling homeowners who have loans with Fannie Mae.
Homeowners will be able to talk with English and Spanish speakers about their mortgage situation and come up with options to prevent foreclosures.
The counselors at the help center will review a borrower's loan, discuss foreclosure alternatives, and will provide help gathering documents to apply for different programs and finalizing loans.
'The opening of this mortgage help center is part of a comprehensive approach by Fannie Mae to assist distressed homeowners who may be at-risk of foreclosure,' said Jeff Hayward, Fannie Mae's senior vice president."

The Phoenix Mortgage Help Center is available by appointment only and borrowers wishing to schedule a visit can call 1-866-442-8574 or E-mail Fannie Mae.

NACA Save the Dream Tour: Non-Profit Group Holds Free Mortgage Help Event for Homeowners Facing Foreclosure - ktla.com

NACA Save the Dream Tour: Non-Profit Group Holds Free Mortgage Help Event for Homeowners Facing Foreclosure - ktla.com:

"LOS ANGELES -- Thousands of homeowners who are trying to avoid foreclosure were lining up Thursday in downtown Los Angeles for free mortgage help.

The Neighborhood Assistance Corporation of America, or NACA, is offering struggling homeowners the chance to restructure home loans at lower rates during its 'Save the Dream Tour' event.

An estimated 30,000 people are expected to attend the free, 24-hour event at the L.A. Convention Center.

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NACA says it can help people at risk of foreclosure reduce their mortgage rates to 2 or 3 percent."

TriValley Central > Eloy Enterprise > Top Stories > AZ Department of Housing launches foreclosure assistance program, Save My Home Arizona

NOTE: READ ON - LIKE OTHER PROGRAMS MANY WILL NOT FIT IN.... THEY AREN'T ADDRESSING THE PROBLEMS JUST ADDRESSING A FEW SYMPTOMS.

TriValley Central > Eloy Enterprise > Top Stories > AZ Department of Housing launches foreclosure assistance program, Save My Home Arizona: "PHOENIX — The Arizona Department of Housing has announced that it has launched the new Save My Home AZ program, designed to assist homeowners facing foreclosure.�The primary component of the program is a principle reduction that will bring the current mortgage payments down to match the current value of the home.�

President Obama announced on Feb. 19 that the U.S. Department of Treasury would be financing $1.5 billion in foreclosure mitigation to those states hardest hit by the housing crisis, with Arizona receiving $125.1 million of those funds.�
One of Arizona’s earliest concerns about the award was the sheer number of Arizonans facing foreclosure and the realization that the Treasury award, while a significant amount of money, could do little to stabilize a problem of overwhelming magnitude.

“With a foreclosure rate that is currently second in the nation, it was pretty clear from the beginning that the $125.1 million allocation coming to Arizona could not be impactful with respect to the sheer number of households needing assistance.�At best, these funds will assist just over 4,000 households or around 11,000 individuals to remain in their homes,” commented ADOH Director Michael Trailor."

note FURTHER ON YOU WILL READ ABOUT az SAVE MY HOME PROGRAM: which is geared towards those that have income loss... however the principle reduction is based on IF THE BANK WILL MATCH FUNDS. yeah right.. banks have been fighting against this... This is WORTH checking out if you are underemployed or unemployed.

www.azhousing.gov or call (602) 771-1000, TTY (602)-771-1001.

What is 57.2 _34.1 Feds award housing aid for Nevada - BusinessWeek

With all the money the government has doled out we could have avoided if they would just have crcked down on mortgage fraud. wrote off fraud mortggages and made accountable those forging documents as in robo signing.

Feds slate $57.2 million in housing aid for Nevada - BusinessWeek:

"The Treasury Department said the federal government is allocating $57.2 million more for 'Hardest Hit Fund' foreclosure-prevention programs in Nevada.

The agency said Wednesday the Nevada Affordable Housing Assistance Corporation also gained approval to use $34.1 million in previously allocated"

Foreclosure law firm fighting AG's investigation

Foreclosure law firm fighting AG's investigation:

"Shapiro & Fishman this morning asked a Palm Beach judge to 'quash' an investigative subpoena by the AG's office.

An attorney representing the firm said a subpoena for marketing and advertising material does not pertain to the allegations.

Florida's Attorney General has accused three large 'foreclosure mills' of rushing cases through the system and potentially fabricating documents and signatures.

The firms under investigation are David J. Stern, Marshall C. Watson, and Shapiro & Fishman,"

Man mad over foreclosure has standoff w/ LAPD | abc7.com

Man mad over foreclosure has standoff w/ LAPD | abc7.com: "SHERMAN OAKS, Calif. (KABC) -- A standoff between a man upset over his foreclosed home and SWAT officers ended peacefully Thursday morning."