foreclosure http://news.stlpublicradio.org en Home Values Rising, But Homeowners Still A Long Way From Flush http://news.stlpublicradio.org/post/home-values-rising-homeowners-still-long-way-flush <p>So, another week, and yet more news the U.S. housing market is slowly returning to normal.</p><p><a href="http://content.govdelivery.com/attachments/USESAEI/2013/03/19/file_attachments/197163/New%2BResidential%2BConstruction%2B%2528February%2B2013%2529.pdf">Numbers released on Tuesday by the Commerce Department</a> show that builders broke ground on homes last month at a seasonally adjusted annual rate of 917,000. That's up from 910,000 in January. And it's the second-fastest pace since June 2008, behind December's rate of 982,000.</p> Thu, 21 Mar 2013 09:30:00 +0000 Adam Allington 10386 at http://news.stlpublicradio.org Home Values Rising, But Homeowners Still A Long Way From Flush Illinois Increasing Mortgage Assistance Funds http://news.stlpublicradio.org/post/illinois-increasing-mortgage-assistance-funds <p><span style="line-height: 1.5;">Illinois homeowners facing foreclosure may soon be eligible for up to $35,000 in mortgage assistance.</span></p><p>Gov<span style="line-height: 1.5;">. Pat Quinn announced that beginning April 1 the Illinois Housing Development Authority is increasing the amount eligible households may receive from the Illinois Hardest Hit program. Currently homeowners may receive $25,000.</span></p><p>Quinn's office says the increase will help an additional 500 families keep their homes.</p> Sun, 17 Mar 2013 16:28:23 +0000 The Associated Press 10272 at http://news.stlpublicradio.org Illinois Increasing Mortgage Assistance Funds Judge Halts St. Louis Foreclosure Mediation Ordinance http://news.stlpublicradio.org/post/judge-halts-st-louis-foreclosure-mediation-ordinance <p><strong>Updated at 4:52 p.m. to correct judge's name.</strong></p><p>A judge in St. Louis city has halted enforcement of the city's new foreclosure mediation ordinance.</p><p>Robert Dierker&nbsp;issued the&nbsp;<a href="http://www.scribd.com/doc/128747904/St-Louis-City-foreclosure-ordinance-TRO">temporary restraining order</a> today, which prohibits any city officials from enforcing the ordinance. Dierker&nbsp;does take care to note that voluntary participation in mediation is still allowed. &nbsp;A hearing on a preliminary injunction is scheduled for March 20.</p> Tue, 05 Mar 2013 22:46:35 +0000 Rachel Lippmann 9908 at http://news.stlpublicradio.org Judge Halts St. Louis Foreclosure Mediation Ordinance The Ins And Outs Of A Hectic Day At City Hall http://news.stlpublicradio.org/post/ins-and-outs-hectic-day-city-hall <p>The St. Louis Board of Aldermen met today for the last time ahead of the mayoral and aldermanic elections in March and April. Here's what came out (and didn't) of a hectic day at City Hall:</p><p><strong>Foreclosure mediation</strong></p><p>Aldermen sent Mayor Francis Slay a measure that would require lenders to offer homeowners foreclosure mediation. The homeowners do not have to accept, and there's no requirement to reach an agreement.</p> Fri, 08 Feb 2013 22:55:13 +0000 Rachel Lippmann 9139 at http://news.stlpublicradio.org The Ins And Outs Of A Hectic Day At City Hall Judge Rules St. Louis County Can Move Forward With Foreclosure Mediation Ordinance http://news.stlpublicradio.org/post/judge-rules-st-louis-county-can-move-forward-foreclosure-mediation-ordinance <p></p><p>Late Wednesday afternoon Associate Circuit Judge Brenda Stith Loftin ruled that St. Louis County does have the authority to enforce a new ordinance that requires banks offer mediation to homeowners on the edge of foreclosure.</p><p>St. Louis County&nbsp;Counselor&nbsp;Pat Reddington said their central argument before the court was that they were not trying to regulate banks.</p><p>“We’re trying to protect our residents,' Reddington&nbsp;said. &nbsp;"We argued, and the court found, that was in the kind of police power the county has.” &nbsp;</p> Thu, 15 Nov 2012 05:04:13 +0000 Tim Lloyd 6436 at http://news.stlpublicradio.org Judge Rules St. Louis County Can Move Forward With Foreclosure Mediation Ordinance Slay: Battle Over Foreclosure Mediation In The County Not A Deterrent To Similar Law http://news.stlpublicradio.org/post/slay-battle-over-foreclosure-mediation-county-not-deterrent-similar-law <p>A restraining order that prevents St. Louis County from enforcing a new law that would require banks to offer mediation to homeowners facing foreclosure continues this week.</p><p>St. Louis County and bankers are in the midst of a legal battle over whether or not the county has the authority to enforce the ordinance.</p><p>No matter what happens in the court case, St. Louis City Mayor Francis Slay says the city should continue to push ahead with a similar law.</p> Sun, 21 Oct 2012 19:23:08 +0000 Tim Lloyd 5634 at http://news.stlpublicradio.org Slay: Battle Over Foreclosure Mediation In The County Not A Deterrent To Similar Law The Battle Over Foreclosure Mediation In St. Louis County http://news.stlpublicradio.org/post/battle-over-foreclosure-mediation-st-louis-county <p></p><p>Casandra Sheperd is about to be evicted from her home in north St. Louis County.</p><p>On a recent afternoon, the soft spoken woman with an easy smile is standing in a room with 20 years’ worth of possessions stacked to the ceiling.</p><p>“Every box is hard, you know, because everything has a memory,” Sheperd says. “You know, you pack, you stack, you cry, but you keep moving."</p><p>Sheperd lost her job at an insurance company a couple of years ago and started getting behind on her mortgage payments.</p> Tue, 16 Oct 2012 11:04:19 +0000 Tim Lloyd 5401 at http://news.stlpublicradio.org The Battle Over Foreclosure Mediation In St. Louis County St. Louis County Council Amends Foreclosure Mediation Plan http://news.stlpublicradio.org/post/st-louis-county-council-amends-foreclosure-mediation-plan <p></p><p>The St. Louis County Council approved additional changes to an ordinance that requires lenders to offer mediation to homeowners on the edge of foreclosure.</p><p>The tweaks to the ordinance include removing the right for homeowners to sue lenders after they’ve gone through mediation, and they come in the shadow of an ongoing legal battle with lenders over whether the county even has the authority to enforce the ordinance.</p><p>Councilwoman Hazel Erby first introduced the mediation plan and is confident in the county’s case.&nbsp;&nbsp;</p> Wed, 10 Oct 2012 03:10:26 +0000 Tim Lloyd 5208 at http://news.stlpublicradio.org St. Louis County Council Amends Foreclosure Mediation Plan Bankers Take Legal Action To Block Foreclosure Mediation Ordinance In St. Louis County http://news.stlpublicradio.org/post/bankers-take-legal-action-block-foreclosure-mediation-ordinance-st-louis-county <p></p><p>The Missouri Bankers Association has filed a lawsuit against St. Louis County over a new ordinance that requires lenders to offer mediation to homeowners facing foreclosure.</p><p>The trade group’s president, Max Cook, said they plan to argue that it has a laundry list of legal problems.&nbsp;</p><p>“Not the least of which is statute that says when it comes to banking laws, and rules, and regulation, no entity, be it a county, a city, what have you, can pass an ordinance or a rule more restrictive than that of the state of Missouri,” Cook said.</p> Wed, 26 Sep 2012 02:29:26 +0000 Tim Lloyd 4702 at http://news.stlpublicradio.org Bankers Take Legal Action To Block Foreclosure Mediation Ordinance In St. Louis County Lenders challenge foreclosure legislation in St. Louis City http://news.stlpublicradio.org/post/lenders-challenge-foreclosure-legislation-st-louis-city <p>A new ordinance could offer struggling St. Louis City homeowners an option to help avoid foreclosure.</p><p>The program would extend a loan mediation process to any homeowner who requests it from their bank, just like the one passed two weeks ago in St. Louis County. Ignoring this request would cost a lender a $500 fine.</p><p>But, banks claim the laws violate state statutes prohibiting government intervention into the foreclosure process.&nbsp; They say it would mean fewer loans and increased costs.</p><p>St. Louis Mayor Francis Slay disagrees.</p> Wed, 12 Sep 2012 22:13:11 +0000 Adam Allington & Tina Eaton 4585 at http://news.stlpublicradio.org Lenders challenge foreclosure legislation in St. Louis City