Posts from October 2011

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  •  By Mike Colpitts Responding to homeowner complaints, Nevada has become the first state in the nation to make illegally repossessing a home a felony, and  may send bankers to jail for doing such. The new law was enacted after tens of thousands of homeowners complained to lawmakers about their homes being foreclosed without proof of […]
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  • By CRAIG E. POLLACK and JULIA F. LYNCH After slowing down in the first half of the year, the rate of homes entering foreclosure is rising again. First-time default notices were served on 78,000 homes in August, a 33 percent increase from July. A $1 billion federal program to help jobless and underemployed homeowners ended […]
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  • By Tom Moroney Oct. 1 (Bloomberg) — Twenty-one people were arrested as about 3,000 demonstrators converged on a Bank of America Corp. office building in downtown Boston yesterday, protesting the largest U.S. lender’s foreclosure practices. Some participants were taken into custody after entering the building’s lobby and refusing to leave, said Boston Police Commissioner Ed […]
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