Foreclosure. Legal news and articles for February 28 - 29, 2012

Why Muni Investors Aren't Sweating Over StocktonBank of America donates foreclosed Kansas City homes for redevelopmentAmerica's Credit and Housing Crisis: New State Bank BillsLodi man pleads guilty to real estate fraudMore states try DIY bankingStockton, Calif. could become biggest city to go bankruptStockton could become biggest city to go bankruptStockton could become biggest city to go bankruptLodi man pleads guilty to real estate fraudOp-Ed: State House Bill Addresses Fraudulent ForeclosuresStockton aims to avoid being biggest bankrupt cityFBI's Financial Crimes ReportMall Foreclosure: When Shopping Malls Are Too Broke To Pay The BillsMall Foreclosure: When Shopping Malls Are Too Broke To Pay The BillsBofA, News Corp., JPMorgan, Apple, Monsanto in Court News

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Red Steer site up for sale after foreclosure
The Turlock JournalFebruary 4, 2012

By Sabra Stafford Crime Desk sstafford@turlockjournal.com 209-634-9141, ext. 2002 The Red Steer, which was once a staple of Turlock's dining scene, has sat vacant in the two and a half years since it was ravaged by fire and has now been put up for sale ...more »

Lawmakers hoping to save NY's foreclosure prevention program
Legislative GazetteFebruary 6, 2012

"Anyone who remembers the bad old days of New York City remembers that with each boarded up home comes crime, comes drugs and comes lowering the quality of life for everyone who lives nearby," said Sen. Diane Savino, D-Staten Island. "These foreclosure...more »

Foreclosure. News and Stories

Why Muni Investors Aren't Sweating Over Stockton
BusinessWeekFebruary 29, 2012

Last night Stockton's city council voted to skip $2 million in bond payments and, signaling more gloomy news to come, to begin negotiating with creditors as it tries to avert bankruptcy. The city, saddled with high crime and a foreclosure rate second ...more »

Bank of America donates foreclosed Kansas City homes for redevelopment
Kansas City Business JournalFebruary 29, 2012

Bank of America is donating vacant, foreclosed properties in Kansas City for redevelopment and neighborhood revitalization. Bank of America Corp. is donating vacant, foreclosed properties in Kansas City to the city and nonprofit organizations for ...more »

America's Credit and Housing Crisis: New State Bank Bills
The Market OracleFebruary 29, 2012

Hawaii's innovative state bank bill addresses the foreclosure mess. County-owned banks are being proposed that would tackle the housing crisis by exercising the right of eminent domain on abandoned and foreclosed properties.more »

Lodi man pleads guilty to real estate fraud
Lodi News-SentinelFebruary 29, 2012

A Lodi man pleaded guilty in court Friday to conspiring and rigging bids as well as to committing mail fraud at public auctions for foreclosed homes held in San Joaquin County. According to a press release by the US Department of Justice, ...more »

More states try DIY banking
Asia Times OnlineFebruary 29, 2012

Hawaii's innovative state bank bill addresses the foreclosure mess. County-owned banks are being proposed that would tackle the housing crisis by exercising the right of eminent domain on abandoned and foreclosed properties.more »

Stockton, Calif. could become biggest city to go bankrupt
USA TODAYFebruary 29, 2012

(AP) – The city of Stockton in California's crop-abundant Central Valley has the second-highest foreclosure rate in the nation and one of the highest crime and unemployment rates. It was named America's most miserable city in a national magazine ...more »

Stockton could become biggest city to go bankrupt
KLEWFebruary 29, 2012

By GOSIA WOZNIACKA and HAVEN DALEY AP The city of Stockton in California's crop-abundant Central Valley has the second-highest foreclosure rate in the nation and one of the highest crime and unemployment rates. It was named America's most miserable ...more »

Stockton could become biggest city to go bankrupt
Columbus TelegramFebruary 29, 2012

AP | Posted: Tuesday, February 28, 2012 8:40 pm | (0) Comments The city of Stockton in California's crop-abundant Central Valley has the second-highest foreclosure rate in the nation and one of the highest crime and unemployment rates.more »

Lodi man pleads guilty to real estate fraud
Lodi News-SentinelFebruary 28, 2012

According to the press release, Chandler pleaded guilty to bid rigging, which is a violation of the Sherman Antitrust Act. That violation alone carries a maximum penalty of 10 years in prison and a $1 million fine. According to the act, ...more »

Op-Ed: State House Bill Addresses Fraudulent Foreclosures
Progress IllinoisFebruary 28, 2012

State Representative Constance Howard (D-Chicago), working in conjunction with the NAACP's Far South Suburban branch, introduced on February 15 a bill in the state legislature which would make fraudulent foreclosures in Illinois a crime, ...more »

Stockton aims to avoid being biggest bankrupt city
The Seattle TimesFebruary 28, 2012

The city of Stockton in California's crop-abundant Central Valley has the second-highest foreclosure rate in the nation and one of the highest crime and unemployment rates. It was named America's most miserable city in a national magazine - twice.more »

FBI's Financial Crimes Report
LoanSafeFebruary 28, 2012

The head of a financial company admits scamming distressed homeowners who were trying to avoid foreclosure. These recent crimes and many more like them can cause great harm to the US economy and American consumers. That's why financial crimes are such ...more »

Mall Foreclosure: When Shopping Malls Are Too Broke To Pay The Bills
Huffington PostFebruary 28, 2012

Cities like Jacksonville are betting that foreclosure will help ailing malls find new owners. Like abandoned homes, empty malls can become liabilities for cities if they sit empty and unmaintained, attracting crime more serious than raucous movie ...more »

Mall Foreclosure: When Shopping Malls Are Too Broke To Pay The Bills
Huffington PostFebruary 28, 2012

Cities like Jacksonville are betting that foreclosure will help ailing malls find new owners. Like abandoned homes, empty malls can become liabilities for cities if they sit empty and unmaintained, attracting crime more serious than raucous movie ...more »

BofA, News Corp., JPMorgan, Apple, Monsanto in Court News
BusinessWeekFebruary 28, 2012

By Elizabeth Amon (Updates with BofA in Top section, BB&T in Lawsuits, US Bank in Trials and Madoff in Litigation Departments.) Feb. 28 (Bloomberg) -- Bank of America Corp. and a group of investors that reached an $8.5 billion mortgage-bond settlement ...more »

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