May 17, 2013
SBWire (press release)
When it comes to the housing market in New Mexico, signs are looking more positive in recent months. However, there is still a looming shadow market of foreclosures to homes, according to Irvine, a California-based Realty company...
May 16, 2013
Lenders initiated 375 new foreclosure lawsuits against Hawaii property owners in February, a 9 percent increase over the same month last year, according to state Judiciary data released Thursday.
The volume of new foreclosure cases last month continued its gradually rising momentum since Hawaii's foreclosure law was amended at the end of June and forced lenders to revise their practices for initiating new cases...
May 14, 2013
Two local lawmakers are inviting constituents to join them at a blighted house in Cheektowaga at 10 a.m. today to push for proposed state legislation that would force banks to provide maintenance for vacant properties that are under foreclosure...
May 13, 2013
Business First of Buffalo
In a multi-pronged effort related to increasing real estate foreclosures, companion bills in both the New York state Senate and Assembly have been introduced that put more of an onus on banks and other financial institutions...
May 12, 2013
Pacific Business News (Honolulu) (blog)
The number of foreclosure lawsuits filed by lenders in Hawaii rose 9 percent in February, when compared to the same month last year, according to data from the state Judiciary...
May 11, 2013
Senator Tim Kennedy and Assemblyman Seas Ryan joined several concerned Cheektowaga residents living on Gary Lane Friday morning, over a foreclosed home on that street...
May 10, 2013
The amount of California houses and condos starting the foreclosure process dropped to its lowest level in more than seven years, according to San Diego-based firm DataQuick...
May 8, 2013
Marin Independent Journal
Marin foreclosures declined by nearly 56 percent year-to-year in the first quarter of 2013, and far fewer homeowners in the county entered the foreclosure process, according to figures released Tuesday...
May 7, 2013
Washington Post (blog)
The number of properties in the foreclosure process nationwide continues to decline, according to a report released Tuesday by LPS Applied Analytics, a market research company.
Not only that, the total number of delinquent mortgages and foreclosures is below 5 million for the first time since 2008, when the housing crisis began. A delinquent mortgage is one where the homeowner is 30 or more days overdue on a payment...
May 5, 2013
Legal News Line
A three-judge panel of the Michigan Court of Appeals recently affirmed a lower court’s decision in favor of the national mortgage registry known as MERS and three other defendants.
The appeals court, in its unpublished decision Jan. 29, dismissed a five-count wrongful foreclosure complaint against the Virginia-based company, PHH Mortgage Corporation, Trott & Trott PC and the Federal National Mortgage Association, aka Fannie Mae...
May 4, 2013
A foreclosure defense lawyer in Florida has been reported missing as authorities investigate the reported disappearance of at least $6 million in funds held by his law firm in trust accounts.
May 2, 2013
Twenty-nine individuals from all across the state came out to tell the stories of predatory lending, banking abuses, fraudulent foreclosures, and an economy that has lost $1.9 trillion in equity because big banks gambled with our investments and put every homeowner at risk with their shady practices...
May 1, 2013
Palm Beach Post
A rare public brawl is escalating between members of the Florida Bar and one of the organization’s most powerful sections over legislation aimed at speeding the state’s lengthy foreclosure process.
The dispute, which heated up this week in letters published in the online version of The Florida Bar News, has even drawn super lobbyist Ron Book into the fray...
April 30, 2013
The government’s largest effort to compensate victims of the banks’ foreclosure practices is finally sputtering to an end. But for most of those eligible – nearly three million borrowers – it won’t be much of an ending: they’ll be receiving a check for $300 to $500...
April 28, 2013
A duo of Democratic lawmakers is pressing federal regulators to release documents related to the Independent Foreclosure Reviews of loans issued by the largest banks so that the government can conduct proper oversight of the process...
April 27, 2013
Tahoe Daily Tribune
A mortgage servicer or lender may not record a notice of default (NOD) for a foreclosure until the borrower is informed of the borrower’s right to: Request copies of the promissory note, deed of trust, payment history, and transfer of loan, if any, to demonstrate the right to foreclose, and there are additional requirements for borrowers who are members of the armed services. Note, the requirement is to present copies not originals...
April 25, 2013
Checks for millions of mortgage borrowers are almost in the mail as a result of a federal settlement about foreclosure abuses, but they won't be very big in most cases.
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