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SLC foreclosure rates still falling fast

Last updated Thursday, April 26, 2012 - 5:30pm

SALT LAKE CITY — Salt Lake City has posted one of the nation’s biggest drops in foreclosure activity so far this year.

Data released Thursday by RealtyTrac shows Salt Lake City’s foreclosure rate fell 22 percent in the first three months of 2012, compared with the quarter earlier. That’s the fourth most dramatic drop among the 50 largest metro areas in the country, and puts the city behind Portland, Ore., Las Vegas, and Providence, R.I.

Economy, Foreclosures, Housing, Utah Read more Comments

Utah officials unveil programs to help homebuyers

Josh Loftin The Associated Press

Last updated Monday, April 2, 2012 - 1:14pm

SALT LAKE CITY -- Homebuyers in Utah with a low credit score or minimal savings can receive down payment assistance through two new programs announced by state officials Monday.

Business, Foreclosures, State government Read more Comments

Matt Townsend, of Ogden, holds a Shih Tzu he adopted at the Weber County Animal Shelter on Thursday. The dog, which he and his wife, Joanne, have named Buster, was recently found abandoned ainside a foreclosed home in North Ogden. The dog received donated grooming services from The Little Dog House to clean it up. Townsend has adopted several animals from the shelter over the years and recently had a dog die from cancer after they had owned it for 16 years. (ROBERT JOHNSON/Standard-Examiner)

Abandoned dog gets a new home; bereft couple gets a new pet

JaNae Francis Standard-Examiner

Last updated Saturday, March 10, 2012 - 8:36am

OGDEN — Sometimes one happy ending can resolve two sad stories at once. That was the case Thursday when Matt and Joanne Townsend adopted a 2-year-old Shih Tzu they named Buster.

Animal Control, Animal Neglect, Animal Shelters, Arrests, Cats, Dog, Dogs, Foreclosure, Foreclosures, Home foreclosures, Housing, Landlord, Pet Adoption, Pets, Real Estate, Real Estate Agents, Realtors, Utah, Weber County Animal Shelter, Featured Read more Comments

Utah takes $171M in national mortgage settlement

Paul Foy The Associated Press

Last updated Thursday, February 9, 2012 - 5:08pm

SALT LAKE CITY — The money Utah will receive from a national settlement with big mortgage lenders might not be enough to pay every homeowner entitled to receive a share, state lawyers said Thursday.

Business, Banks, Foreclosures, Homes, Housing bubble, Mortgages, Real Estate, Settlement, Utah Read more Comments

Utah man accused of running foreclosure aid scam

Contributed The Associated Press

Last updated Monday, December 19, 2011 - 5:16pm

SALT LAKE CITY -- A man who owned a loan modification business in Lehi and St. George is being accused of defrauding homeowners to pay for personal expenses including entertainment and his wife's plastic surgery.

Crime, Foreclosures, Fraud, Racketeering, Scams, Utah Read more Comments

Vacant Las Vegas homes being used as indoor pot farms

Ashley Powers Los Angeles Times

Last updated Tuesday, November 15, 2011 - 10:03am

LAS VEGAS -- The Ballard house was as unassuming as any in the stucco outskirts of Las Vegas: a two-story box the color of an oatmeal cookie. Police charged inside one night searching for a domestic violence suspect. Instead, they smelled something skunky.

Marijuana. Lots of it.

Features, Foreclosures, Home, Home foreclosures, Marijuana, Pot farm Read more Comments

Layton man's case against bank goes to court

Bryon Saxton Standard-Examiner

Last updated Saturday, November 5, 2011 - 8:42am

LAYTON -- A Layton man's $1.1 million complaint against the J.P. Morgan Chase Bank in U.S. District Court, on claims the bank held his home mortgage payment for five months, has been set for jury trial.

Crime, Banks, Courts, Foreclosures, Utah, Law Enforcement Read more Comments

(PAUL BEATY/The Associated Press) U.S. Rep. Jan Schakowsky, D-Ill., speaks to protestors outside the Hyatt Regency during the Mortgage Banker’s Association’s Annual Convention in Chicago, Monday, Oct. 10, 2011. Traffic in Chicago’s downtown business district was snarled by hundreds of demonstrators who were protesting about a number of issues, including high unemployment, foreclosures and lagging school funding, what organizers called “Take Back Chicago.”

Voters with housing woes giving up on politicians

Jeri Clausing The Associated Press

Last updated Tuesday, October 25, 2011 - 9:58am

MESA, Ariz. — Like just about everyone in the Phoenix area, Jen Pollock has lost several neighbors to foreclosure and short sales. And, like hundreds of thousands of others in Arizona, Pollock and her husband are upside down on their mortgage, owing about twice as much as their suburban house is now worth.

Business, Foreclosures, Mortgage, Occupy Wall Street, Politicians, Protest Read more Comments

Fannie Mae pressured for foreclosures

Jennifer Dixon Detroit Free Press

Last updated Saturday, August 27, 2011 - 5:19pm

DETROIT -- In early December, a senior executive at Fannie Mae assured members of the Senate Banking Committee in Washington that the mortgage giant was doing everything possible to address the foreclosure crisis.

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In foreclosures, homeowner associations feel pinch

Naples Daily News, Stephen Beardsley

Last updated Monday, May 2, 2011 - 5:31pm

LEHIGH ACRES, Fla. -- Rich Philhower knows the trouble a few vacant houses can bring a homeowners association.

President of Governor's Run I, a sub-association of Lehigh Acres' Westminster Golf Community, Philhower, 75, said his community is struggling to rebound from $18,000 in unpaid assessments from three homes over several years.

The debt puts him in a difficult spot: Does he forego some maintenance or raise assessments for remaining homeowners? Neither option is attractive.

"Then you've got people who are upset because you increase the fees," Philhower said.

Three years into the downturn, many associations find themselves in a similar position. Squeezed by foreclosures, they struggle while awaiting outcomes for cases that date back years.

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Processing delays slow foreclosure activity

The Associated Press, Alex Veiga

Last updated Wednesday, April 13, 2011 - 11:11pm

LOS ANGELES -- Lender processing delays reduced the number of U.S. homes taken back by banks in the first three months of the year and contributed to a sharp drop in properties entering the foreclosure process.

But March foreclosure data suggest foreclosure activity may be starting to creep higher, as lenders make progress tackling a backlog of pending foreclosure cases.

Banks repossessed 215,046 homes in the January to March quarter, down 6 percent from the fourth quarter and down 17 percent versus the same period last year, foreclosure listing firm RealtyTrac Inc. said.

Business, Economy, Foreclosures, Home foreclosures, Real Estate, Utah Read more Comments

(MATTHEW ARDEN HATFIELD/Standard-Examiner)
Layton Mayor Steve Curtis sits in front of his home on Friday. Curtis says Bank of America offered him a reduced payment plan for his mortgage when he was out of work, then tried to foreclose on the house.

Layton mayor fights foreclosure

Jasen Asay Standard-Examiner staff

Last updated Friday, February 18, 2011 - 10:42pm

LAYTON -- Two weeks before Christmas, Layton Mayor Steve Curtis found an unwelcome letter hanging on his front door -- a foreclosure notice.

Financial, Foreclosures, Home foreclosures, Real Estate, Featured Read more Comments

Foreclosure activity up across most US metro areas

The Associated Press, Alex Veiga

Last updated Thursday, October 28, 2010 - 9:38am

LOS ANGELES -- The foreclosure crisis intensified across a majority of large U.S. metropolitan areas this summer, with Chicago and Seattle -- cities outside of the states that have shouldered the worst of the housing downturn -- seeing a sharp increase in foreclosure warnings.

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Utah joins other states in foreclosure probe

The Associated Press

Last updated Thursday, October 14, 2010 - 7:16am

SALT LAKE CITY — Utah is joining an investigation by every state and the District of Columbia into allegations that mortgage companies mishandled documents and broke laws to foreclose on homeowners.

Economy, Foreclosures Read more Comments