foreclosure http://wkms.org en Illinois County Recorders to Split $3.3M Settlement http://wkms.org/post/illinois-county-recorders-split-33m-settlement <p></p><p>Illinois' 102 county recorders will split $3.3 million from the settlement of a national mortgage lawsuit.&nbsp;</p><p>Attorney General Lisa Madigan announced the disbursement of funds on Wednesday.&nbsp; Madigan and 45 other attorneys general reached the settlement with Florida-based Lender Processing Services Inc. in January.&nbsp;</p><p>The attorneys general alleged the company used widespread "robo-signing" of mortgage documents to service loans for homeowners at risk of foreclosure. They said an LPS subsidiary took part in "surrogate signing," in which an unauthorized person signed documents in someone else's name.&nbsp; Thu, 25 Apr 2013 11:46:15 +0000 Todd Hatton & The Associated Press 31000 at http://wkms.org Illinois County Recorders to Split $3.3M Settlement TN Offers Free Mortgage Hotline http://wkms.org/post/tn-offers-free-mortgage-hotline <p></p><p>Tennessee homeowners facing foreclosure now have a free hotline to turn to for help. The Mortgage Assistance Hotline refers homeowners to free foreclosure prevention counseling. The hotline is staffed Monday through Friday from 8 a.m. to 6 p.m. Callers can get free counseling over the phone or get a referral for in-person counseling at a local non-profit. Tue, 18 Dec 2012 14:28:14 +0000 Whitney Jones & The Associated Press 25816 at http://wkms.org TN Offers Free Mortgage Hotline Conway Joins Effort to Extend Tax Relief to Hurting Homeowners http://wkms.org/post/conway-joins-effort-extend-tax-relief-hurting-homeowners <p></p><p>Kentucky Attorney General Jack Conway joined an effort to urge Congress to extend tax relief to homeowners who have had mortgage debt canceled or forgiven because of a decline in housing values. Since 2007 mortgage debt that is forgiven after a foreclosure or short sale can be excluded from a taxpayer’s taxable income. But that exclusion will expire at the end of this year. Wed, 21 Nov 2012 13:34:58 +0000 Whitney Jones 24773 at http://wkms.org Conway Joins Effort to Extend Tax Relief to Hurting Homeowners Kentucky Residents Could Get Part of Foreclosure Settlement http://wkms.org/post/kentucky-residents-could-get-part-foreclosure-settlement <p></p><p>Kentucky residents could get part of a 49 state settlement if their home was foreclosed on between 2008 and 2011. The Paducah Sun reports the $25 billion settlement between the states and five of the country’s biggest banks means 16,000 Kentuckians could be eligible for $2,000 in relief funds. Fri, 16 Nov 2012 13:53:25 +0000 WKMS & Paducah Sun 24593 at http://wkms.org Kentucky Residents Could Get Part of Foreclosure Settlement Illinois Foreclosure Rate on the Rise http://wkms.org/post/illinois-foreclosure-rate-rise <p></p><p>Illinois' home foreclosure rate rose 6 percent in October compared to the previous month, and was 19 percent higher than in October of last year. A RealtyTrac report released Thursday shows Illinois with almost 15 thousand foreclosure filings last month, the third-highest rate in the nation. Filings include default notices, auction-sale notices and bank repossessions. Nationally, October's foreclosure activity rose 3 percent from the previous month but fell 19 percent from October of 2011. Thu, 15 Nov 2012 14:16:56 +0000 Shelly Baskin & The Associated Press 24544 at http://wkms.org Illinois Foreclosure Rate on the Rise Ill. Sees More Foreclosures This Year Than Last http://wkms.org/post/ill-sees-more-foreclosures-year-last <p>Illinois foreclosures are up more than 30 percent from the same time last year. A RealtyTrac report shows third-quarter foreclosures totaled more than 42,000. That’s one of every 126 housing units, 4 percent higher than the second quarter.&nbsp; That puts the state at the fourth highest foreclosure rate in the U.S. &nbsp;Illinois foreclosures did drop 20 percent in September when compared to August. The three highest foreclosure rates are in Florida, Arizona and California. But nationally, foreclosure filings hit a 5-year low last month. Thu, 11 Oct 2012 12:48:46 +0000 Whitney Jones & The Associated Press 23092 at http://wkms.org Ill. Sees More Foreclosures This Year Than Last Tenn. Foreclosure Help Notices Mailed http://wkms.org/post/tenn-foreclosure-help-notices-mailed <p>An estimated 37,000 Tennessee borrowers might be eligible for payment under a $25 billion national mortgage foreclosure settlement. Eligible borrowers will receive claim forms in the mail this month. Tennessee Attorney General Bob Cooper urges those who receive the forms to complete and return them by the Jan. 18 deadline. Those eligible include people who lost their homes between 2008 and 2011 to five major mortgage services, which include Ally/GMC, Bank of America, Citi, JP Morgan Chase and Wells Fargo. The mailings will go out through Oct. 12.</p> Mon, 08 Oct 2012 13:01:25 +0000 Whitney Jones & The Associated Press 22961 at http://wkms.org Tenn. Foreclosure Help Notices Mailed Kentucky Will Receive Piece of Nationwide Foreclosure Settlement http://wkms.org/post/kentucky-will-receive-piece-nationwide-foreclosure-settlement <p>Kentucky&rsquo;s share of the nationwide foreclosure settlement with five major banks is nearly $59 million. Attorney General Jack Conway announced yesterday how that money will be used to help borrowers struggling with high mortgage payments or who have already been through foreclosure. Some of the funds will go toward paying down principal balances for consumers who owe more than their home is worth. Conway says,<br /> Fri, 10 Feb 2012 19:52:13 +0000 Brenna Angel (KPR) 16893 at http://wkms.org