Page 7 - Foreclosure Process News Today

And allow investors to buy homes, put runters in them, fix homes up and turn around and come back up. the obama administration has slowed up the foreclosure process that long existed and as a result, we still have a foreclosure overhang. >> hes saying let the ship sink. how does that play? >> it doesnt play at all. when he got to florida he tried to talk his way out of that and say he meant the opposite. this guy over and over and over again, you can call it a gaffe, i think its a self-revelatio...

>> dont try to stop the foreclosure process, let it run its course and hit the bottom and allow investors to buy homes, put runters in them, fix homes up and turn around and come back up. the obama administration has slowed up the foreclosure process that long existed and as a result, we still have a foreclosure overhang. >> hes saying let the ship sink. how does that play? >> it doesnt play at all. when he got to florida he tried to talk his way out of that and say he meant the opposite. this g...

We cant wait. i cant do everything by executive action but ill do everything i can. >> here what is mitt romney said about foreclosures. >> dont try to stop the foreclosure process, let it run its course and hit the bottom and allow investors to buy homes, put runters in them, fix homes up and turn around and come back up. the obama administration has slowed up the foreclosure process that long existed and as a result, we still have a foreclosure overhang. >> hes saying let the ship sink. how do...

Flailing, they got no name. these republican candidates are preaching to the red liners, the president of the united states is doing everything he can for the blue liners and we know what they have been through over the last 30 years. president obama came out with, here he is again, a mortgage plan. where were the republicans? i grant you its not perfect, but he still is out there trying. here is mitt romney. >> stop the foreclosure process, let it hit bottom, investors buy the homes. >> the bai...

administration could put out a compromise for catholics today. dan lothian is at the white house. dan, what exactly are you hearing? >> reporter: thats right, im hearing that a compromise or an accommodation as they like to call it here, im hearing this from a senior administration official, will likely be announced today. were trying to get more details but it will likely be some kind of a balance whereby women do have access to contraceptive coverage but on the other hand you will ha...

Today, five of the biggest banks in the country are expected to admit responsibility for abusing the foreclosure process with a deal that could top $25 billion. its going to reduce mortgages for one million home owners or allow them to refinance for those who lost their homes, theyre eligible for a one time payment of just $2,000. the five banks are bank of america, j.p. morgan chase, wells fargo, citigroup and ally financial. mortgages owned by fannie mae and freddie mac are not covered under t...

Handle led these foreclosures didnt give people a fighting chance to hold on to their homes. in many cases they didnt even verify that these foreclosures were actually legitimate. some of the people they hired to process foreclosures used fake signatures to -- on fake documents to speed up the foreclosure process. some of them didnt read what they were signing at all. youve got to think about that. you work and you save your entire life to buy a home, thats where you raise your family, thats whe...

Handled these foreclosures didnt give people a fighting chance to hold on to their homes. in many cases, they didnt even verify these foreclosures were actually legitimate. some of the people they hired to process foreclosures used fake signatures on fake documents to speed up the foreclosure process. some didnt read what they were signing at all. think about that. you work, you save your entire life to buy a home. thats where you raise your family. thats where your kids memories are formed. tha...

>> a high-stakes pardon showdown. could we learn today if most of those prisoners released in mississippi will have to go back to prison? along those, four convicted murderers. >> classes are resuming at that l.a. school where the entire staff was fired after two teachers were arrested on child abuse cases. investigators at this point have made yet another disgusting discovery. >> they were not fired, they were reassigned temporarily. >> should say not fired but cleared out. >> the bom...

international journalists. russians foreign minister is in syria trying to keep it from being the latest arab government to fall. many world leaders say moscow is ignoring the slaughter of civilians. ivan watson is in istanbul, turkey, covering this for us. is there any optimism that russia can rein in this violence? >> reporter: thats a big question. the russian foreign minister definitely got a heros welcome as he arrived in damascus. he seemed to be one of the biggest allies and fri...