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GAO: Half of TARP Homeowner Assistance Funds Now Spent

The federal government has spent just under half of the Troubled Asset Relief Program funds authorized in 2008 to assist troubled home borrowers, according to a report Friday from the Government Accountability Office. As of Oct. 15, the Treasury Department has disbursed $18.34 billion, or 49 percent of the $37.51 billion set aside in TARP

Butler County may get more money to fight blight

A new infusion of federal funding could mean more eyesores will be erased countywide through theButler County land bank. The county land bank has already spent almost $7 million in federal, state and local funding to demolish about 600 unsightly structures in Middletown and Hamilton — the county’s two biggest cities. U.S. Sen. Sherrod Brown

Illinois Judge Affirms $2M Award for Wrongful Foreclosures

An Illinois district court judge affirmed a $2 million verdict against a Texas-based mortgage servicer for its collection activities against an elderly homeowner. Alena W. Hammer filed suit in 2013 after Residential Credit Solutions filed two wrongful foreclosures, although Hammer had previously completed a loan modification with the Federal Deposit Insurance Corporation. In April 2015,

Warehouse resolves foreclosure through $3M sale

A Delray Beach warehouse avoided foreclosure after it was sold for $3 million to the owner of a restoration company. Bank of America filed a $2.84 million foreclosure lawsuit in 2014 against RAK Delray LLC, along with managing members Robert Kirland andRowena Kirland. The bank later sold the loan to Fairview Investment Fund II. RAK

Foreclosure no longer looms over San Antonio hospital

The Forest Park Medical Center building on San Antonio’s Northwest Side won’t be heading to foreclosure after a resolution was reached Thursday between its bankrupt owner and its primary lender. At a bankruptcy hearing, a lawyer for owner FPMC San Antonio Realty Partners LP said it has withdrawn a motion that sought to prevent lender Texas

State bar gets $329K for foreclosure prevention assistance

CHARLESTON, W.Va. (AP) – West Virginia legal services organizations providing foreclosure prevention help to indigent residents are getting a boost from a federal settlement with the Bank of America. The West Virginia State Bar says it has received $329,000 from the settlement with the U.S. Justice Department. Anne Werum Lambright chairs the state bar’s Interest

Two Marshfield residents about to get affordable-housing grant

  MARSHFIELD – An affordable-housing committee in Marshfield is poised to approve a grant that will enable two residents to buy a house on Gates Road. The grant – $114,000 in Community Preservation Act money – will be put toward buying a deed restriction on the three-bedroom house, said Jack Mather, coordinator of the Marshfield Housing
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