Money Foreclosures

IL AG: No to diverting money from mortgage dealOther states may want to patch holes in their budgets with money from a nationwide mortgage settlement, but Attorney General Lisa Madigan opposes any attempt to do that in Illinois.Associated Press via Yahoo! News - Feb 15 06:36am
Banks Paying Homeowners a Bonus to Avoid Foreclosures: MortgagesBanks, accelerating efforts to move troubled mortgages off their books, are offering as much as $35,000 or more in cash to delinquent homeowners to sell their properties for less than they owe.BusinessWeek - Feb 14 09:58am
Foreclosure division was created as place to hire friends, Frank Russo says at Jimmy Dimora trialCuyahoga County commissioners agreed to create the department, but two of them got to put their own people in two of the three newly created slots, Russo said Tuesday during testimony in the racketeering trial of former Commissioner Jimmy Dimora.The Cleveland Plain Dealer - Feb 14 09:17pm
FORECLOSURES WILL GO UPEven as the $26 billion mortgage settlement helps hundreds of thousands of troubled homeowners, it will bring a wave of new forclosures.CNN Money - Feb 10 02:04pm

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