Fraud No Impediment to Foreclosure, Florida Lawmakers Decide

Alexander Reed Kelly / Truthdig May 8, 2013 Legislation passed Friday in Florida "prevents a homeowner who loses a foreclosure case from recovering the property, even if the bank's actions are later determined to be fraudulent," the Sarasota Herald-Tribune reports. Dig deeper ( 1 Min. Read )

The Housing Market Recovery Is ‘A Complete Hoax’

Alexander Reed Kelly / Truthdig May 3, 2013 Homeownership is at its lowest level in 18 years, but housing prices are rising. Why? Because banks are creating real estate scarcity by buying up homes and selectively stalling foreclosures. Dig deeper ( 2 Min. Read )

Elderly Man Facing Foreclosure Commits Suicide

Alexander Reed Kelly / Truthdig Mar 15, 2013 A West Virginia man became one of the latest fatalities of the American economy when he shot and killed himself this month after authorities arrived at his home with an eviction notice. Dig deeper ( 1 Min. Read )

Disabled Veteran Wrongly Hounded by Wells Fargo Dies in Court

Tracy Bloom / Truthdig Mar 11, 2013 A typo by banking giant Wells Fargo resulted in a more than two-year legal battle that came to a tragic conclusion in December when Larry Delassus' heart stopped in a Los Angeles area courtroom, a new LA Weekly report reveals. Dig deeper ( 2 Min. Read )

New York City Foreclosures Soar

Alexander Reed Kelly / Truthdig Feb 5, 2013 Foreclosures in New York City rose 19 percent last year as filings fell nationally by 3 points, a new report says. Meanwhile, New York Attorney General Eric Schneiderman announced a meager $1.9 million settlement with a robosigning giant, reports Catherine Curan at the New York Post. Dig deeper ( 1 Min. Read )

Inside the Sham Foreclosure Review Process

Alexander Reed Kelly / Truthdig Jan 12, 2013 Companies hired to spot wrongful foreclosures made more than $1 billion in a review process that was ultimately scuttled. Meanwhile, banks prepare to divide a $3.3 billion settlement between nearly 4 million borrowers without identifying who needs the money most. Dig deeper ( 3 Min. Read )

Feds Replace Flawed Foreclosure Review With Vague Settlement

By Paul Kiel, ProPublica Jan 10, 2013 The Independent Foreclosure Review was supposed to be a full and fair investigation of the big banks' foreclosure abuses. But Monday morning, the very regulators who launched the program 18 months ago announced that it had all been a massive mistake and shut it down. Dig deeper ( 4 Min. Read )

Foreclosure Settlement Ends Investigation Into Banks

Staff / Truthdig Jan 8, 2013 Homeowner advocates and some lawmakers are upset that an $8.5 billion settlement with JPMorgan Chase, Bank of America, Wells Fargo and other banks over improper foreclosures would let lenders off the hook both financially and legally. Dig deeper ( 1 Min. Read )

Got Credit Card Debt? One Bank May Try to Go After Your Home

Staff / Truthdig Oct 6, 2012 Hundreds of California residents are being threatened with foreclosure by a major Canadian bank, but it has nothing to do with missing their home payments. Dig deeper ( 1 Min. Read )

The Flawed Credit Card Debt Collection Process

Tracy Bloom / Truthdig Aug 13, 2012 Credit card companies are increasingly turning to the legal system in their rush to collect money that is owed to them. But, there now exists a very big problem in this litigious-happy practice -- nearly all these lawsuits may be flawed. Dig deeper ( 2 Min. Read )

The Poverty Epidemic Hits the Suburbs

Bill Boyarsky / Truthdig Jul 26, 2012 Ignored by the presidential campaigns, poverty is hitting 1960s levels, and spreading to once-prosperous areas unequipped or unwilling to serve poor residents. Dig deeper ( 4 Min. Read )

Coal, Foreclosures and Bank of America’s ‘Extraordinary Event’

Amy Goodman / Truthdig May 10, 2012 Shareholder meetings can be routine, unless you are Bank of America, in which case it may be declared an "extraordinary event." Dig deeper ( 3 Min. Read )