Lawsuit accuses company of foreclosure rescue scam.

Bella Homes LLC, a real estate investment company, and its principals are being sued by the federal government and the state of Colorado for allegedly preying on homeowners in foreclosure. Bella Homes LLC, is a limited liability company organized in Delaware. According to the lawsuit, the company operates from the principals’ private residences in Arizona and Georgia, and maintains “virtual offices” in Atlanta and Scottsdale, Arizona. Read more here.

Tags: foreclosure, lawsuit, scam, short sale, underwater

White House details mortgage refinancing plan for homeowners

The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments. Read more here.

Tags: foreclosures, refinancing, short sale, White House

Search bank owned homes by city now!!

You can easily search for bank owned homes by city now making it as easy as it has ever been to find a great deal int his market. Start your search here now.

Tags: bank owned homes, deals, foreclosures, REO, short sale

Foreclosure filings down for 7th straight month

The number of foreclosure filings issued in April plunged 34% from a year ago — the seventh straight month of declines. And there were just 69,532 homes repossessed last month, a 32% fall from the peak last September just before the eruption of the “robo-signing” scandal, in which banks were found to be mishandling the foreclosure process. Read more here.

Tags: Bank owned, foreclosures, lender owned, REO, short sale

Wells Fargo to modify 15,000 loans

Looks like Wells Fargo is stepping up their service and has decided to modify 15,000 loans. If any of you have a loan through Wells, you might want to read the rest of this article here.

Tags: loan mod, loans, mortgage, short sale, wells fargo