Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law, the Wall Street Journal said.

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When Hawaii passed a new law with extensive protections to prevent residents from losing their homes, it was hailed as the nation’s strongest foreclosure law — maybe too strong, many warn.

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AFTER examining their foreclosure practices for flaws in mortgage documentation and other procedures, many of the nation’s largest banks have resumed — or will soon resume — trying to evict defaulted borrowers.

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Stop foreclosure now! Can you stop foreclosure sale? That’s the heartfelt desire of many whose beloved home and perhaps a whole way of existence are under threat. Home owners who are facing foreclosure often dread dealing with the facts that got them to that place. If they think back to when they first bought that home, losing the home was probably the furthest thing from their mind. Few home owners actually plan to go into foreclosure.

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What Is foreclosure? And how does foreclosure work? Many Americans and for that matter Europeans are being affected since the downturn of the economy.  Simply put, foreclosure is the repossession of a property by a mortgage lender because the owner failed to fulfill his mortgage payment obligations.

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