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Tag Archives: foreclosures

Builder loses 285 lots

A sparse crowd, including Cheryl Kelly of Thompson Coburn, gathered Monday outside the Jefferson County Courthouse to listen to trustee Steve Leasck read foreclosure notices on six Jefferson County subdivisions owned by developer American Heritage Homes. Great Southern Bank, the noteholder, bought each of the 285 lots. According to Jefferson County Recorder of Deeds records, American Heritage owed Great Southern Bank more than $21 million as of April 5, 2008, when it filed a fourth modification of its original construction loan agreement.

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Foreclosed but not forgotten

O’Fallon’s new foreclosure task force is taking a proactive approach to curb the destructive impact of abandoned foreclosed properties on the city’s neighborhoods and home values. The city’s code enforcement team has seen an increase in the number of foreclosed ...

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SC inundated with queries about foreclosure prevention

St. Charles City is referring residents worried about losing their homes to a national, 24-hour hotline number and Web site that can provide counseling. The hotline number is 1-888-995-HOPE, and the Web site address is www.995HOPE.org. City officials said in ...

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Going, going, gone?

An auction for more than 200 St. Louis-area foreclosed homes on Saturday may sound like a bargain-shopper’s dream come true, but buyers may want to proceed with caution.  While in good standing with the Missouri Secretary of State’s Office, the ...

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Obama’s foreclosure plan may back rewritten loans

The Obama administration is considering government guarantees for home loans modified by their servicers, seeking to stem the record surge of foreclosures that’s hammering U.S. property values. The proposal, which may also have the taxpayer share in the cost of ...

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