Tag Archives: Foreclosure

black-homeowners-300x232

CFPB Proposes Expanded Foreclosure Protections

New rules offer assistance to home owners

In an effort to address unsatisfactory mortgage servicing practices, the CFPB introduced rules that would…

By Sheiresa Ngo

Posted: Tags: , , , , ,
r-kelly-trapped-in-the-closet-broadway-black-enterprise

R. Kelly’s Chicago Mansion Foreclosed and Sold at Auction

R. Kelly is one of the highest-earning recording artists of all time

The “Trapped in the Closet” singer defaulted on a 3.5 million dollar mortgage

By Makkada B. Selah

Posted: Tags: ,
allen-iverson-home

Allen Iverson Loses Atlanta Mansion to Foreclosure

Home reportedly sold for $2.5 million

Allen Iverson is again in more financial trouble.

By Darren Sands

Posted: Tags: , ,
Untitled

Former NFL Star Jamal Anderson: From Dirty Bird to Dirt Broke

Bank repossesses former pro-bowler's home

Jamal Anderson has had a long and unprosperous fall from NFL stardom.

By Ashley R. Harris

Posted: Tags: , ,
Jermaine Dupri - Featured

Jermaine Dupri Saves Home From Foreclosure

Jermaine Dupri stops home foreclosure for the second time in four months.

Jermaine Dupri gets judge to postpone foreclosure on Atlanta mansion.

By Amber McKynzie

Posted: Tags: , ,
Freddie Mac

Freddie Mac and Fannie Mae Announce Eviction Moratorium for Holiday Season

Lending giants join in on holiday cheer

Two financial giants are giving consumers a break for the holidays.

By Ashley R. Harris

Posted: Tags: , , ,
Young woman on phone and laptop

New Software Helps Homeowners Avoid Foreclosure

Stephfan Nurse created a software solution to help home loan modification applicants get approved

The Home Affordable Modification Program (HAMP) was created to help struggling homeowners keep their homes…

By Marcia Wade Talbert

Posted: Tags: , , , , ,
mortgage-foreclosure

Mortgage Companies Forgiving Homeowners Big Time

First report of the foreclosure abuse settlement shows banks swiftly pardoned half of the $20 bil required

First report of the foreclosure abuse settlement shows banks swiftly pardoned half of the $20…

By Sakina P. Spruell

Posted: Tags: , ,
Business Continuity Tips Discussed at Free Webinar Hosted by SBA and Agility Recovery

Wealth Decreases for Blacks During President Obama’s Term

Foreclosures and unemployment gave black wealth a big hit

Foreclosures and unemployment gave black wealth a big hit

By Sasha King

Posted: Tags: , , , , ,
too-much-truth-recap-morris-brown-foreclosure-looming

Morris Brown College Files for Bankruptcy

College files for Chapter 11 bankruptcy to avoid foreclosure

College files for Chapter 11 bankruptcy to avoid foreclosure

By Gerren Keith Gaynor

Posted: Tags: , ,
morrisbrown_912972c

Morris Brown College Faces Foreclosure

Esteemed black college struggles to pay $13 million worth of bonds

Esteemed black college struggles to pay $13 million worth of bonds

By Gerren Keith Gaynor

Posted: Tags: , , ,
Michael-jordan-foreclosure-gym

Michael Jordan Could Lose $1.5 Million In Gym Foreclosure

Along with the Charlotte Bobcats, Jordan hasn't been scoring points with his investments

Along with the Charlotte Bobcats, Jordan hasn’t been scoring points with his investments

By Black Enterprise

Posted: Tags: , ,
ValerieMorris-300x225

Preview B.E. Business Report: How to Recover From Home Foreclosure

Also: Sea World President Terry Prather; Entrepreneurs of the Week Rodney Hughes and Tony McGee

Author Valerie Coleman Morris provides solutions for those recovering from home foreclosure

By BlackEnterprise.com

Posted: Tags: , , , , , , , , , ,
money-house_crop.jpg

Ask the Money Coach: Should You Walk Away from Mortgage Debt You Can’t Afford?

Carefully consider the potential pros and cons from walking away from your mortgage

How to carefully consider the potential pros and cons of walking away from your mortgage

By Lynnette Khalfani-Cox

Posted: Tags: , , ,
(Image: File)

In the News: NASCAR Fans Boo Michelle Obama; Mariners Greg Halman Found Dead and More

A few noteworthy headlines around the Web

See what’s going on in the world with today’s compilation of news around the Web

By Sade K. Muhammad

Posted: Tags: , , , , , , , , , , , , , ,
(Image: Facebook)

In the News: Cornel West and Princeton Part Ways; Tyler Perry Backs Kim Kardashian Casting and More

A few noteworthy headlines around the Web

See what’s going on in the world with today’s compilation of news around the Web

By Sade K. Muhammad

Posted: Tags: , , , , , , , , , , , , , , , , , , , , ,
Keeping the Faith: UrbanAmerica CEO Richmond McCoy

The Business of Faith: How to Keep Churches from Foreclosure

UrbanAmerica Principals CEO Richmond McCoy plans to stem church foreclosures through his consulting service

Ordained minister and UrbanAmerica CEO Richmond McCoy aims to bring business and faith together and…

By Alan Hughes

Posted: Tags: , , , , , , ,
Locked-up-house-300x232

4 Tips to Keep Your HUD Home Out of Foreclosure

With the HUD mortgage counseling budget eliminated, more homeowners are at risk for foreclosure

The ongoing foreclosure problem facing U.S. homeowners is about to get worse now that Congress…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , ,
Black-Family-forclosure-300x232

7 Steps to Getting Over Foreclosure

What you can do before, during and after the process to ease the pain

What you can do before, during and after the process to ease the pain

By John Simons

Posted: Tags: , , ,
The Seals' (Photo: Lonnie C. Major)

How to Rebound From Foreclosure

A guide to financial (and emotional) recovery

It’s no mystery to blacks living in middle-class enclaves such as suburban Atlanta, parts of…

By John Simons

Posted: Tags: , , , ,
Coverage of Michael Jackson’s June 25, 2009 death was third on the list with 5.7% of coverage. Thousands of news items focused on the King of Pop's unexpected death, his legacy, his enormous fanbase, the fate of his three children, his estate, funeral, and many lawsuits.

Black News Coverage Leaves a Lot to Be Desired

Despite a black president, African Americans attracted little attention in the media

Despite having a black president, African Americans attracted little attention in the U.S. mainstream news…

By Deborah Creighton Skinner

Posted: Tags: , , , , , , , , , , ,
Middle-class African Americans are more likely than whites to have cut back on saving and investing in order to make it through the recession, according to the 2010 Ariel Black Investor Survey. The data is not unexpected since the unemployment rate for African Americans (15.4%) continues to track higher than the overall jobless rate for all Americans (9.5%). “In times of economic hardship, people have to make difficult decisions,” said Mellody Hobson, Ariel president and columnist for Black Enterprise magazine. “Unfortunately, the resulting trade-offs mean many in our community are slipping even further behind.”

African American Investors are Down, but Not Out

Cutting back on saving and spending, helps blacks make it through recession

Middle-class African Americans are more likely than whites to have cut back on saving and…

By Deborah Creighton Skinner

Posted: Tags: , , , , , , , , , , , , , , , ,

Senate Overwhelmingly Approves Consumer Protection Bill

Legislation will protect blacks from discriminatory financial practices

The Senate voted Thursday to pass a Wall Street reform bill, which includes major reforms…

By Joyce Jones

Posted: Tags: , , , , , ,

Foreclosing as a Financial Strategy

It's called strategic defaulting, and more homeowners are doing it

Fannie Mae recently announced that it would penalize borrowers who purposely forego their home loan…

By John Simons

Posted: Tags: , , , , , , , ,

Administration Approves $1.5 Billion in Aid for Homeowners

Fund encourages states to develop less stringent solutions to prevent foreclosure

The U.S. Treasury announced Thursday that it has approved $1.5 billion in Hardest Hit Fund…

By Joyce Jones

Posted: Tags: , , , , ,

Billions in Wealth Lost Since Foreclosure Crisis Began

African American communities to lose $193 billion by 2012

Communities of color have lost billions in wealth since the current foreclosure crisis began, according…

By Deborah Creighton Skinner

Posted: Tags: , , , , , , ,

Don’t Walk Away

Weigh the pros and cons before you walk away from your home

Until recently, owning a home was the wealth-building move. These days, many homeowners are contending…

By Tara-Nicholle Nelson

Posted: Tags: , , , , , ,

Bank of America Offers Bailout to Homeowners

Plans to extend $3 billion in loan forgiveness to 45,000 homeowners struggling to stay afloat

If you have a mortgage with Bank of America, and you’re extremely underwater, you just…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , ,

Demystifying the Mortgage Modification Process

Rainbow/PUSH Coalition counselor advises delinquent homeowners

Loan modification counselor discusses when homeowners should modify their loan, why banks are not modifying…

By Marcia Wade Talbert

Posted: Tags: , ,

Struggling Communities to Get $2 Billion for Renewal

Federal funds going to cities and states most affected by foreclosure crisis

The Obama Administration today awarded $2 billion in “neighborhood stabilization” funding to states, cities, and…

By John Simons

Posted: Tags: , , ,

Reviving Your Credit Score

Four steps to rebounding after foreclosure

Foreclosure can be the scarlet F, branding your credit report and docking up to 200…

By Heather Boerner

Posted: Tags: , ,

Foreclosures of the Rich and Famous

A look back at celebrity homeownership woes

Since the highly publicized foreclosure woes of Evander Holyfield and Michael Jackson, more celebrities have…

By Janell Hazelwood

Posted: Tags: , ,

ARMed And Dangerous? Don’t File For Bankruptcy

An adjustable rate mortgage can turn a Chapter 13 filing from bad to ugly

Just got a phone call from a couple thinking of filing Chapter 13 bankruptcy. …

By Kirk Charles

Posted: Tags: , , , , , ,

This Old House

The pros and cons of buying foreclosures and short sale properties

Compelling as they may sound, foreclosures and short sales can present unique challenges.

By Bridget McCrea

Posted: Tags: , , , ,

For Loan Modification, Don’t Fall Behind

You don't have to become delinquent to get help

When Jamie Arthur heard about President Barack Obama’s Making Home Affordable plan, a sense of…

By Renita Burns

Posted: Tags: , , ,

Is Now the Time to Buy Real Estate?

The pros and cons of purchasing distressed properties

If you believe in the investment philosophy “buy low and sell high,” then you’re probably…

By Bridget McCrea

Posted: Tags: , ,

News Roundup

Tour offers homeownership resources

News Roundup

By BlackEnterprise.com

Posted: Tags: , , ,

Foreclosure Lifelines

In danger of losing your home? Help is available

Nearly one in three Americans, or 31%, say they know someone who has already lost…

By Deborah Creighton Skinner

Posted: Tags: , ,

Foreclosure Prevention Gone Awry?

'Justice League' clamps down on home mortgage scams

The ink on President Barack Obama’s massive stimulus plan hadn’t dried before spurious Websites sprouted…

By Renita Burns

Posted: Tags: , , , , ,

Homeowners Urged to Refinance While Rates Low

Obama Highlights Savings for Individuals, Families

President Barack Obama hailed his administration’s efforts to help homeowners avoid foreclosure during a housing…

By Joyce Jones

Posted: Tags: , , , ,

No Home…Vote!

(source: eforeclosuremagazine.com)

Potential voters in Indiana scored a victory last week as the state court ruled…

By Renita Burns

Posted: Tags: ,

Finding Solid Ground

Spotting investment opportunities in a tough real estate market.

It happened without a sound. If only it were possible to hear the real estate…

By Kemba J. Dunham

Posted: Tags: , ,

How to Avoid Foreclosure

Resources are available to help homeowners prevent repossession

With home foreclosures reaching record highs and circulating news reports about heavyweight boxing champion Evander…

By Aisha I. Jefferson

Posted: Tags: ,

Clinton Unveils Housing Plan

New York senator's four-point plan addresses mortgage crisis and home foreclosures

Presidential hopeful Hillary Clinton has proposed a $30 billion federal fund to buy out troubled…

By Donald Jay Korn

Posted: Tags: , , ,