March 19, 2012
As I’ve said many times, whenever you criticize the banks you get pushback from their employees and lawyers handling their home thefts (whoops I meant “foreclosures”). About ten days ago I posted a brief update on the state of play, and received the usual comments...
March 17, 2012
WASHINGTON (MarketWatch) — Question: I’m hoping you can give me some direction. My son was foreclosed on by his lender. The sad thing is that it was all unnecessary. He was willing to make his payments but the bank would not accept them...
March 12, 2012
A federal judge has yet again issued a ruling that effectively questions the validity of scores of foreclosures in Oregon, a crisis the Legislature could resolve in the mortgage industry's favor this week if bank lobbyists and House Republican leaders have their way...
March 10, 2012
As much as state and federal officials want to describe the foreclosure fraud settlement as a beginning, in many respects it was most certainly an ending. Analysts invested in the meme that “uncertainty” was crippling the housing market now are heavily invested in saying that the clearing of this uncertainty through the settlement will speed up the foreclosure machine...
March 07, 2012
House Bill 781, the Homeowners Fairness Act, is stuck in committee after Rep. Mike Jacobs (D-80), chairman of the House judiciary sub-committee, stated on Feb. 24 that he would not allow the committee to vote on the bill this session...
March 05, 2012
One in 10 New Jersey homes sold last year was in the foreclosure process, RealtyTrac reported Wednesday. That was much lower than the national rate, reflecting the slowdown in the state's foreclosure process in the wake of reports that lenders were cutting corners in the rush to evict homeowners...
March 02, 2012
The Bay Citizen
n 85 percent of the loans, homes were lost to people or corporations who lacked the authority to foreclose on properties, the auditors found.
Source: The Bay Citizen (http://s.tt/15Iez)
State Attorney General Kamala D. Harris unveiled the California Homeowner Bill of Rights Wednesday, a series of proposed laws aimed at shielding homeowners from fraudulent and unfair mortgage practices.
The bills would prevent banks from dual-tracking — negotiating a loan modification with a homeowner at the same time it conducts a foreclosure process; force lending institutions to maintain a single point of contact for homeowners instead of passing customers from one person or department to the next; and create a special grand jury to investigate financial and foreclosure crimes...
March 02, 2012
TALLAHASSEE — Fourteen Democrats joined 80 Republicans in the Florida House of Representatives on Wednesday to pass a bill aimed at streamlining the foreclosure process.
The 94-17 bipartisan vote comes after two months of protests from a committed group of activists, many of them foreclosure defendants who say the bill limits their ability to defend their cases...