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Taylor Land Bank Plans Endorsed by National Housing Authority
March 13, 2010 Posted by Pennsylvania RealEstateRama
Harrisburg, PA - March 12, 2010 - (RealEstateRama) — As neighborhood deterioration continues to sweep through Pennsylvania’s urban areas, particularly in Philadelphia, a plan to fight blight proposed by Rep. John Taylor (R-Philadelphia) was endorsed last week by Dan Kildee, a leading national expert on land banking.
Attorney General Corbett announces distribution of $2.7 million in foreclosure relief to PA residents as part of Countrywide Financial settlement
February 17, 2010 Posted by Pennsylvania RealEstateRama
HARRISBURG, PA - February 17, 2010 - (RealEstateRama) — Foreclosure relief checks totaling more than $2.7 million have been mailed to several hundred Pennsylvania consumers as part of a multi-state settlement with Countrywide Financial Corporation.
Five Indicted in Foreclosure Rescue and Mortgage Fraud Scheme
December 9, 2009 Posted by Pennsylvania RealEstateRama
PHILADELPHIA, PA - December 8, 2009 - (RealEstateRama) — 15-count indictment was filed today against five defendants charged in a $14.6 million mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans, announced United States Attorney Michael L. Levy, Special Agent-in-Charge of the FBI Janice K. Fedarcyk, and Pennsylvania Secretary of Banking Steven Kaplan.
Attorney General Corbett announces $2.7 million in foreclosure relief for more than 1,100 PA residents as part of Countrywide Financial settlement
July 27, 2009 Posted by Pennsylvania RealEstateRama
HARRISBURG, PA - July 24, 2009 - (RealEstateRama) — Attorney General Tom Corbett today announced that more than 1,100 Pennsylvania consumers have been sent notification that they are eligible for mortgage foreclosure relief as part of a settlement with Countrywide Financial Corporation.
Avoiding Foreclosure Mitigation and Counseling Scams
June 25, 2009 Posted by Housing Alliance
Glenside, PA - June 25, 2009 - (RealEstateRama) - As the mortgage foreclosure crisis escalates, the scammers have found a lucrative new business: helping people avoid foreclosure, for a price.
Will Get Down Payment Help; Affordable Housing; 3,000 New Jobs with $380 Million in Recovery Funds
June 12, 2009 Posted by Pennsylvania RealEstateRama
STEELTON, PA - June 10, 2009 - (RealEstateRama) – Governor Edward G. Rendell today said 1,000 families will receive thousands of dollars to help make down payments on new homes, more than 5,000 families in dozens of communities across Pennsylvania will find affordable housing, and some 3,000 workers will have jobs with the award today of more than $380 million in federal economic recovery funds.
Congressman Sestak Votes for Bipartisan Compromise to Stem Foreclosures
May 23, 2009 Posted by Congressman Sestak
Washington, DC - May 21, 2009 - (RealEstateRama) — Congressman Joe Sestak (PA-07) helped the House pass, by a 367-54 margin, legislation to help Americans stay in their homes and to avoid many of the estimated 8.1 million additional defaults on mortgages predicted over the next four years when potentially 5 million homes could be lost through foreclosure or short sales.
New Penn Report Says More Rental Housing Could Prevent Foreclosures
April 29, 2009 Posted by Housing Alliance
Glenside, PA - April 29, 2009 - (RealEstateRama) — Incentives to produce more quality rental housing could help stem the current housing crisis and promote long-term economic stability, according to a new study released today by the Fels Institute of Government and the Housing Alliance of Pennsylvania. Study author and Fels consultant John Kromer calls the lack of reasonable rental alternatives to homeownership a factor in the housing market collapse.
Congressman Sestak Votes for Bipartisan Compromise to Stem Foreclosures
March 6, 2009 Posted by Pennsylvania RealEstateRama
WASHINGTON, D.C. - March 5, 2009 - (RealEstateRama) — To avoid an estimated 8.1 million additional homeowners from defaulting on their mortgages over the next four years—with potentially 5 million homes lost through foreclosure or short sales—Congressman Joe Sestak (PA-07) today voted for H.R. 1106, the Helping Families Save Their Homes Act, which passed by a vote of 234 to 191.
PA Median Home Sale Prices Remain Steady But Sales Are Down
January 29, 2009 Posted by Pennsylvania RealEstateRama
HARRISBURG, PA - January 26, 2009 - (RealEstateRama) – The median home sale price is holding steady but sales are down in Pennsylvania, according to the latest statistics from the Pennsylvania Association of REALTORS® (PAR)
Specter Introduces Foreclosure Prevention Legislation
November 18, 2008 Posted by Pennsylvania RealEstateRama
Washington, D.C. - November 17, 2008 - (RealEstateRama) – U.S. Senator Arlen Specter (R-PA), Ranking Member of the Senate Judiciary Committee, today introduced the Foreclosure Diversion and Residential Mortgage Loan Modification Act of 2008.
Taylor’s Land Banks Authorities Act Clears Committee
October 8, 2008 Posted by Pennsylvania RealEstateRama
October 8, 2008 - (RealEstateRama)Â Rep. John Taylor (R-Philadelphia) is calling for fast action on legislation that would protect communities and neighborhoods from blight, declining property values and lost tax revenue that follows foreclosure or abandonment of properties.Â
Casey, Specter Commend Philadelphia’s Efforts to Prevent Home Foreclosures
June 25, 2008 Posted by Pennsylvania RealEstateRama
U.S. Senators Bob Casey (D-PA) and Arlen Specter (R-PA) today introduced an amendment to the Foreclosure Act of 2008 that expresses a Sense of the Senate to commend the City of Philadelphia and the Philadelphia Court of Common Pleas for their efforts to prevent foreclosures.
Fulton Mortgage Company helps families who were defrauded
May 7, 2008 Posted by Pennsylvania RealEstateRama
U.S. Senators Bob Casey (D-PA) and Arlen Specter (R-PA) and Congressman Tim Holden (D-PA) today sent a letter commending Fulton Mortgage Company’s work on a proposal that would provide affordable and reasonable mortgage refinancing options to the 811 families throughout Central and Eastern Pennsylvania who were defrauded by a mortgage Ponzi scheme.
Housing Market Woes Endanger PA Economy, Keystone Research Finds
February 1, 2008 Posted by Pennsylvania RealEstateRama
The first detailed study of the housing market in Pennsylvania and its major economic regions is being released today by the Keystone Research Center (KRC) in Harrisburg.
