Tag Archives: foreclosure cases

You Can Either Wait In Line Or Let The Free Market Handle Things

The New York Times reports today: New York has been among the most aggressive states in trying to protect homeowners from foreclosure, granting new legal protections and turning courts across the state into teeming negotiation centers working to keep people … Continue reading

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Will Banks, Pols Reach A Settlement Over Robo-Signings?

There’s still no deal by the banks to settle claims against them for improper paperwork processing on mortgage foreclosures. There is a way now for those who believe they were wrongfully foreclosed on to state their case. All the biggest … Continue reading

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MERS Reduces Its Role In Mortgages

MERS has come under a lot of criticism the past two years as banks have foreclosed on tens of thousands of homes when the exact ownership of those homes is not clear. Who owns a mortgage after it has been … Continue reading

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Lender Sued For Mortgage Modification Promises

Arizona and Nevada Attorney Generals accuse Bank of America of engaging in misrepresenting its mortgage modification programs. According to the these two states, Bank of America promised borrowers they would not be foreclosed on if they worked their mortgage modification … Continue reading

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Did Fannie Mae, Freddie Mac Contribute To The Foreclosure Crisis?

Fannie and Freddie place the blame on mortgage servicers. They are the group at banks who keep an eye out for borrowers in trouble aka possible foreclosures. One large lender used over 250 different affidavit forms. Fannie and Freddie set … Continue reading

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Foreclosed By Mistake

A disheartening number of people have been foreclosed on by mistake. Surely they have a juicy lawsuit in such a situation. How come when people make “mistakes” financially it is always to their advantage? I don’t have a kneejerk response … Continue reading

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ARM Mortgages They Couldn’t Afford

From Courant.com: The growth in foreclosure cases is the fallout, lawyers and others say, of a rush to sign people up for low-down-payment, adjustable-rate mortgages they could scarcely afford. Adjustable-rate loans for 100 percent of the purchase price, once unheard … Continue reading

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