As Lenders Hold Homes in Foreclosure, Sales Are Hurt

8 Foreclosure Ghost Towns Seeing Signs of Life - CNBC

Merced, Calif. - Home values from low: +6.1%
Riverside, Calif. - Home values from low: 9%
Stockton, Calif. - Home values from low: +2.9%
Modesto, Calif. - Home values from low: +2.8%
Las Vegas, Nev. - Home values from low: +0.4%
Vallejo, Calif. - Home values from low: +2.9%
Salinas, Calif. - Home values from low: +5.2%
Madera, Calif. - Home values from low: +8.6%

8 Foreclosure Ghost Towns Seeing Signs of Life - CNBC

One Law for the Rich, One Law for the Poor

The new foreclosure crisis reveals the shocking unfairness in how the law treats struggling homeowners. (Slate.com)

Declaring foreclosure fraud, family reclaims home

A family claims they were illegally evicted, and Saturday, they broke the locks and started moving back in even though the home has already been sold.

Read more: http://www.sfgate.com/cgi-bin/blogs/ontheblock/detail?entry_id=74531#ixzz12Ll4M8Pi (SFGate.com On The Block Blog)

Bought a foreclosure? Have title insurance?

(src: sfgate.com On The Block blog)

Nearly one in four second-quarter home sales a foreclosure

NEW YORK (Reuters) - Nearly one in every four U.S. homes sold in the second quarter was a deeply discounted foreclosed house, putting the market on pace to work through distressed properties in about three years, RealtyTrac said

Read more... (Yahoo Finance - Reuters)

Chase Sued: Allegedly Told Homeowner To Stop Payments, Then Foreclosed

Chase Sued: Allegedly Told Homeowner To Stop Payments, Then Foreclosed (yahoo news)

JPMorgan Chase told a California couple to quit making mortgage payments in order to qualify for a loan modification but then foreclosed on their Sacramento home, according to a lawsuit filed in federal court.