Page 17 - Foreclosure Process News Today

from the summer break. president obama has actively been meeting with some to create a plan. the question is how specific will it be and will it help? white house officials tell us its a work in progress, and will include tax cuts and infrastructure ideas that could create jobs, and measures that target unemployed, and struggling economic sectors. they say the president is working on a debt reduction proposal and will present the so-called super committee, and as you know its the 12 la...

Seem to have been trying to clear out their remaining inventory, the day-old bread, the bread that they knew they wouldnt be able to offload as the crisis was knocking at our door. >> so this all comes down to one big question of what did the banks know and when did they know it and who did they tell. >> absolutely. >> so what we have to do here is just trace the information they had, their knowledge, what they had up here, about how bad these loans were. >> now, isnt it shocking to you, eliot, ...

minutes. a prison official reportedly ordered the suicide watch as a precaution. powerful reaction from his angry defenders and fans and from the alleged victim. first a look at the other stories were drilling down on tonight. the nba is a tough game. >> look at that. >> but the tough es guy in the league may never have scored a point. the guy in charge of the phoenix suns comes out of the closet and into the arena. and want to take on the bad guys? ask a new york attorney general. no,...

Now, and everybody understands a whats involved in that process and then theres a second group out there, which is the-- >> consumer financial. >> consumer financial protection bureau, thats right, state attorney general and others who basically are saying to the occ and the fed, well, forget that process, we want to go to the banks and basically squeeze money out of them and we want to squeeze a lot of money out of them. 25 billion dollars. >> and thats in negotiation now. and i gather thats to...

And try in its various cockeyed ways to try to staunch the fall, its unfortunately going to make the problem worse. >> theres another way the government is affecting the market now, i think, which is that theres a big fight over mortgage foreclosures, the government accuses the banks of having been unfair to home owners who are some of whom are underwater and in the foreclosure process and trying to get a settlement from the banks of about 20 billion dollars. what impact is that having on home p...

>> martha, great to see you. >> this is interesting, they are trying to speed up the foreclosure process and get some of these homes back into working mortgages, right? >> to some extent and lets add context here. part of this, we have to look at the politics of this. this grows out of an investigation by state attorneys general and the feds into what amounted to sloppy paperwork by banks. who were rushing through foreclosure documents. mostly, with very rare exceptions, the banks were not forec...

Real estate agents and brokers employed almost 375,000 people in 2006, but only around 284,000 at the end of 2010. >> compared to the crazy days of the early 2000s, if that business is down, it means those businesses are down, they are dependent. a home inspector, a home inspector, thats what they do, they need sales, if sales dont happen, their business hurts. and i reprimand several home inspectors in our area, every one of them has said their business is down. >> reporter: ironically the rank...

Come together and work, lets work with the unions, lets work with the governments at the state and local level and at the federal level and see how we can tackle these issues together. this is a time where we should be coming together not polarizing the issues, and there is a lot of opportunity here to look at ways of being more efficient, doing more with less and thats really what hes encouraging everyone to do. jenna: has he sent any messages or shared any thoughts about the democrats that hav...

Where were in the historical ballpark of home prices make sense given what rents are and what people have paid. theres not much reason to think prices are going to odecline really significantly from here. that said they could bounce around at the bottom for a while, go up a little bit or down a little bit. were in a much less volatile period than the last few years when we had the huge home price spikes in the last decade and then the collapse in 2008, 2009. were in a much more stable kind of en...

Foreclosures rise again this past year. they rise even higher than the year before. thats not what we want to hear. good morning, everybody, im bill hemmer. marthas on vacation with the family. good morning to you, heather. nice to see you. >> thank you very much. im heather childers, and another 1.2 million homes are in the process of foreclosure. bill: that jump pushed by thousands of homeowners pushed to the brink. why is this number not getting better, chris cotter? >> its odd, we talk about...