Tag Archive | "foreclosure"

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State kicks off foreclosure, fraud info campaigns

MEDIA RELEASE The Department of Commerce and Consumer Affairs has launched a public campaign designed to inform Hawaii homeowners of the options they have to avoid possible foreclosure and fraud. The campaign began this week on television and radio across the state. It will also be seen in print at locations such as TheBus. “There […]

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Foreclosure reform bill passes final floor vote

Foreclosure reform bill passes final floor vote

MEDIA RELEASE House Bill 1875 HD2 SD2 CD1, amending the mortgage foreclosure law to provide additional protections for Hawaii’s homeowners, passed its final floor vote Tuesday before the full House and Senate with a combined vote of 73 Ayes and 3 Noes. “Once again, we won one for the homeowners, and I couldn’t be more […]

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The Honolulu FBI is seeking the public’s assistance in identifying residents of Hawaii who may have been defrauded by a Missouri-based company doing business as 1st Financial Resource LLC and 1st Federal Resource LLC. The company claimed to have been operating a foreclosure abatement program demanding advance fees of $2,000 to $5,000 from Hawaii residents who had fallen behind on their mortgage payments.

FBI seeking those who may have been defrauded by Missouri-based company

The Honolulu FBI is seeking the public’s assistance in identifying residents of Hawaii who may have been defrauded by a Missouri-based company doing business as 1st Financial Resource LLC and 1st Federal Resource LLC. The company claimed to have been operating a foreclosure abatement program demanding advance fees of $2,000 to $5,000 from Hawaii residents […]

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Hawai'i homeowners at risk of foreclosure due to unemployment or a medical condition may be eligible for emergency mortgage assistance as part of the Emergency Homeowners’ Loan Program (EHLP).

Deadline for Emergency Mortgage Assistance Program is July 22

Hawai’i homeowners at risk of foreclosure due to unemployment or a medical condition may be eligible for emergency mortgage assistance as part of the Emergency Homeowners’ Loan Program (EHLP).

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Senators urge holding mortgage servicers accountable

Senators urge holding mortgage servicers accountable

MEDIA RELEASE A dozen U.S. Senators have sent a letter to the Office of the Comptroller of the Currency (OCC) urging the agency to work with State Attorneys General, the U.S. Department of Justice (DOJ), and the U.S. Department of Housing and Urban Development (HUD) to hold mortgage servicers accountable for deficient servicing procedures and […]

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Akaka cosponsors bill to protect homeowners facing foreclosure

Akaka cosponsors bill to protect homeowners facing foreclosure

MEDIA RELEASE U.S. Sen. Daniel K. Akaka (D-Hawaii) joined 10 other Senators in introducing the Regulation of Mortgage Servicing Act. The bill is aimed at helping homeowners who are at risk of foreclosure stay in their homes by bringing more fairness and transparency into their dealings with mortgage servicers. The bill would bring to an […]

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Governor signs bill to protect homeowners

Governor signs bill to protect homeowners

MEDIA RELEASE Gov. Neil Abercrombie has signed into law a measure that will help homeowners who risk losing their homes. Senate Bill 651 implements a comprehensive strategy to reform the mortgage foreclosure process to protect homeowners who are in foreclosure or at risk of foreclosure. The primary component established under this measure, the Mortgage Foreclosure […]

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Senators push for more options to prevent foreclosures

Senators push for more options to prevent foreclosures

MEDIA RELEASE A bipartisan group of U.S. Senators, led by Jeff Merkley (D-OR) and Olympia Snowe (R-ME), urged government agencies to take action to prevent foreclosures and help families keep their homes. The senators made their request in a letter sent to Treasury Secretary Timothy Geithner, Secretary of the Department of Housing and Urban Development […]

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Improved foreclosure prevention program urged

Improved foreclosure prevention program urged

MEDIA RELEASE A group of 17 U.S. Senators, including Sen. Daniel K. Akaka (D-Hawaii), are urging Treasury Secretary Timothy Geithner to make a series of alterations to the federal foreclosure prevention program so that more responsible but struggling homeowners can modify their mortgages. Akaka, a member of the Senate Committee on Banking, Housing, and Urban […]

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FDIC launches foreclosure prevention initiative

FDIC launches foreclosure prevention initiative

MEDIA RELEASE The Federal Deposit Insurance Corporation (FDIC) has announced it is releasing a free tool kit of information that will help borrowers, community stakeholders and the banking industry avoid unnecessary foreclosures and stop foreclosure “rescue” scams that promise false hope to consumers at risk of losing their homes. The tool kit includes critical information […]

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Web site presents foreclosure options

Web site presents foreclosure options

MEDIA RELEASE Real estate agent and community advocate, Adrienne Lally of RE/MAX Honolulu –Team Lally, has announced the creation of a new information Web site for homeowners in distress.  www.WeCanHelp808.com contains vital facts about the options available to homeowners, to help them make the educated decisions about their future.  “We developed this site with my […]

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