Foreclosures

Foreclosures

COLORADO ATTORNEY GENERAL CYNTHIA H. COFFMAN DELIVERS $450,000 IN RESTITUTION TO HOMEOWNERS OVERCHARGED BY...

Colorado Attorney General Cynthia H. Coffman announced today that her office has sent out checks totaling approximately $450,000 to homeowners who were improperly charged posting and title foreclosure costs by the former foreclosure law firm The Law Office of Michael P. Medved. Homeowners were overcharged by having to pay the law firm’s fees as part of making their mortgage current when they stopped their foreclosure through cure or reinstatement

COLORADO ATTORNEY GENERAL COFFMAN PROVIDES OVER $7.7 MILLION IN RESTITUTION TO HOMEOWNERS OVERCHARGED BY...

Colorado Attorney General Cynthia H. Coffman announced today that her office has sent out more than 20,000 checks to homeowners who were improperly charged false and inflated foreclosure costs by foreclosure law firm Aronowitz & Mecklenburg, LLP. Attorney General Coffman contracted with a third-party Administrator to send out the payments totaling over $7.7 million. Homeowners eligible for these payments cured, reinstated, or entered a loan modification to stop a foreclosure initiated through Aronowitz & Mecklenburg.

ATTORNEY GENERAL CHARGES COLORADO’S LARGEST FORECLOSURE LAW FIRMS WITH FRAUD

Colorado Attorney General John Suthers today announced the filing of civil law enforcement actions against the two largest foreclosure law firms in Colorado. In separate filings, the Attorney General’s Consumer Protection Section charged The Castle Law Group, its principals and affiliated foreclosure-related businesses, as well as Aronowitz & Mecklenburg, its principals and affiliated foreclosure-related businesses with violating the Colorado Consumer Protection Act, the Colorado Antitrust Act, and the Colorado Fair Debt Collection Practices Act. The Attorney General filed a simultaneous proposed Final Consent Judgment settling the case against the Aronowitz defendants.

Colorado Housing Agencies Win $400,000 to Help Families Avoid Scams, Reduce Risk of Foreclosure

WASHINGTON, D.C. - June 20, 2013 - (RealEstateRama) -- Colorado U.S. Senator Michael Bennet congratulated two housing agencies in Colorado for winning almost $400,000 in competitive grants from the U.S. Department of Housing and Urban Development (HUD). The Colorado Housing and Finance Authority (CHFA) was awarded a $372,528 Housing Counseling Grant and the Northeast Denver Housing Center won a $19,643 grant.

APPROXIMATELY 22,965 CHECKS AVERAGING $1,480 COMING TO COLORADO BORROWERS THROUGH NATIONAL MORTGAGE SETTLEMENT

DENVER - June 5, 2013 - (RealEstateRama) -- Colorado borrowers who submitted a valid foreclosure payment claim through the National Mortgage Settlement will receive a check this month for an average of $1,480. To date, the total cash payments for mortgage servicing abuse are Colorado is $32,882,672. This relief is in addition to $405.3 million already provided to more than 7,000 borrowers for principal reductions, mortgage modifications and other forms of relief.

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR COLORADO FIRE VICTIMS

WASHINGTON, DC - June 29, 2012 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Colorado and provide support to homeowners and low-income renters forced from their homes due to the ongoing High Park and Waldo Canyon wildfires this month.

Attorney General announces $51.17 million will be used for homeowner relief, foreclosure-prevention efforts

DENVER - March 20, 2012 - (RealEstateRama) -- Colorado Attorney General John Suthers and Governor John Hickenlooper announced today that Colorado will use the $51.17 million it has received under the recent multistate settlement with the country’s five largest banks to fund homeowner relief and foreclosure-prevention efforts throughout the state.

Attorney General announces $51.17 million will be used for homeowner relief, foreclosure-prevention efforts

DENVER, CO - March 16, 2012 - (RealEstateRama) -- Colorado Attorney General John Suthers and Governor John Hickenlooper announced today that Colorado will use the $51.17 million it has received under the recent multistate settlement with the country’s five largest banks to fund homeowner relief and foreclosure-prevention efforts throughout the state.

Bennet: Need to Ensure Foreclosure Settlement Delivers Relief for Colorado Families

February 13, 2012 - (RealEstateRama) -- Colorado U.S. Senator Michael Bennet released the following statement after the announcement of a $25 billion deal states reached between the U.S. Department of Housing and Urban Development, the U.S. Department of Justice and the country’s largest mortgage servicers over foreclosure abuses and servicing problems. The settlement provides over $200 million in relief to Colorado—most of which should directly benefit struggling homeowners.

Bennet Shares Stories of Struggling Coloradans to Make Case for Foreclosure Changes

Washington, DC - November 17, 2010 - (RealEstateRama) -- Colorado U.S. Senator Michael Bennet today renewed his push to help Colorado families stay in their homes by pressing for more transparency and clarity and a new appeals process in foreclosures.

Udall Welcomes Bank of America’s Decision to Halt Foreclosures

Washington, D.C. - October 11, 2010 - (RealEstateRama) -- Today, U.S. Senator Mark Udall released the following statement after Bank of America announced that it was halting all home foreclosure proceedings while it reviews accusations of widespread fraud in foreclosure documents

Bennet Takes to the Phones, Hears Concerns from Housing Counselors at Foreclosure Prevention Hotline

Denver, CO - May 11, 2010 - (RealEstateRama) -- Michael Bennet, U.S. Senator for Colorado, spoke with a homeowner hoping to stave off foreclosure while answering calls at the Colorado Foreclosure Prevention Hotline today. Bennet also heard from counselors on the ongoing challenges the organization faces as a leader in helping Coloradans stave off foreclosures and stay in their homes.

Bennet Leads Senate Colleagues in Push for More Resources, Support for Colorado Families Facing...

Washington, DC - April 19, 2010 - (RealEstateRama) -- In his continued effort to help struggling families stay in their homes, U.S. Senator Michael Bennet is leading an effort to ensure there are more qualified housing counselors for homeowners facing foreclosure in Colorado and across the country. A funding shortfall has lead to a shortage of counselors.

Bennet Makes Push to Help Colorado Families Facing Foreclosure

Washington, DC - April 8, 2010 - (RealEstateRama) -- Michael Bennet, U.S. Senator for Colorado, today sent a letter encouraging the U.S. Treasury Department to make common-sense improvements to its mortgage loan modification program that would help Coloradans from losing their homes to foreclosure. The Home Affordable Modification Program (HAMP) provides assistance to allow families facing foreclosures to stay in their homes, and the changes Bennet is pushing for would further improve the program's ability to help struggling homeowners.

Bennet Works to Forbid Mortgage Providers From Moving Forward on Potentially-Preventable Home Foreclosures

Washington, DC - March 1, 2010 - (RealEstateRama) -- Michael Bennet, U.S. Senator for Colorado, today sent a letter to the U.S. Treasury Department encouraging them to forbid mortgage providers from initiating or continuing the foreclosure process until they determine whether a homeowner is eligible for mortgage loan assistance through the Home Affordable Modification Program (HAMP). The Treasury is reportedly considering this change as part of its loan modification program

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Polis statement on Obama Administration’s move to increase homeowner access to...

Rep. Jared Polis (D-Colo.) released the following statement on the Obama Administration’s announcement of new guidelines for families to install renewable energy and water conservation projects in their homes.

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Tipton: FHA Practices Pose Risk to Taxpayers

Today, Congressman Scott Tipton (R-CO) questioned Department of Housing and Urban Development (HUD) Secretary Julian Castro during a House Committee on Financial Services oversight hearing to examine the Federal Housing Administration’s (FHA) precarious financial state Alan J Smith Littleton Real Estate