Foreclosures

A former Fannie Mae employee is facing more than six years in federal prison for participating in a scam involving discount sales of properties owned by the government-sponsored enterprise.

Jon Leiberman rarely plays the lottery but he felt like he won it this past June.

The nationwide mortgage delinquency rate had its best October in at least two decades, while the foreclosure rate remained at a 20-year for the twelfth straight month, according to CoreLogic.

A bankruptcy court judge denied a lender's motion to foreclose on properties controlled by an Austin real estate investor. But the judge then issued a warning, saying an exit plan better be ready by Feb. 2.

A lender that provided more than $388 million to finance one of Plano's biggest real estate developments has filed to foreclose on the project.

Every month, the Madison County Sheriff's Department conducts a sale of properties where banks and lending institutions have regained possession.

Vision Property Management has settled accusations made by New York regulators of predatory lending practices for a total of $3.75 million in cash and forgiven mortgage loan balances.

Wells Fargo, which contested the prior sale of a Manhattan, Kan., home for only $1 in a foreclosure auction, was the winning bidder at a new sheriff sale for the property.

The city of Detroit is expanding property tax exemptions for homeowners to help more residents avoid foreclosure, officials announced Wednesday.

The owners of the former 3M corporate campus filed under Chapter 11 of the Bankruptcy Code, which cancelled a scheduled foreclosure auction of the Austin property.