Foreclosures news continually updated from thousands of sources around the net.
1 hr ago | JD Supra
A complicated, but sometimes overlooked, issue facing foreclosing lenders is properly handling and defending against claims that a servicemember-owner is entitled to protections from foreclosure based on his or her status as a servicemember. The "Servicemembers Civil Relief Act ," 50 App.
2 hrs ago | Russia Taday
US Vice President Joe Biden has drawn criticism from a top Jewish group for calling bankers who have preyed on service members deployed overseas as "Shylocks," a term often condemned as an anti-Semitic stereotype. Biden, speaking Tuesday before the Legal Service Corporation, which provides lawyers to those who can not afford them, mentioned his son, Delaware Attorney General Beau Biden, who was deployed for a year in Iraq.
3 hrs ago | Curbed
When more than two-thirds of a building's units languish on the market, that's never a good sign, and the Trump Soho has sold less than a third of its 391 condo-hotel units . Now the Journal reports that the development's lender, CIM Group , is taking control of the building through a foreclosure and will auction off the property.
5 hrs ago | Business Journal
PMG Lending Group is one of nine businesses issued subpoenas by the New York State Department of Financial Services, which is launching an investigation to determine whether certain companies are intentionally making short-term, high-interest loans to New Yorkers secured by borrowers' homes or other real estate. The practice - known as "hard money" lending - does not typically evaluate borrowers' ability to repay the loans.
To most Americans, Gingrich is a charming curiosity: His latest stint with public relevancy was a quixotic 2012 presidential bid in which he visited many of the nation's finest zoos and advocated the establishment of lunar colonies .* But on another level, Gingrich's Tuesday speech on housing before the Bipartisan Policy Center epitomizes the soft corruption of Washington elites at their worst. As Speaker of the House in 1995, Gingrich opted to shut down the federal government rather than cut a budget deal with President Bill Clinton.
While most commercial leases contain a requirement that the tenant will execute a "Subordination, Non-Disturbance and Attornment Agreement," commonly referred to a an "SNDA," a majority of tenants who have signed such leases, and most likely several of the real estate agents who have represented those tenants, would be hard pressed to explain the meaning of an SNDA, and why they are needed by both commercial lenders and tenants. As implied by its name, an SNDA is really three agreements all wrapped up in one neat package.
Alan David Tikal, 46, of Brentwood, California, was convicted yesterday on 11 counts of mail fraud and one count of money laundering in a mortgage fraud scheme through which he stole $5.8 million in fees and monthly payments from struggling homeowners. According to evidence presented at a one-day bench trial, Tikal operated a business known as KATN and falsely claimed to be a registered private banker between January 2010 and August 2013.
A program backed by the Troubled Asset Relief Act has helped more than 550 Oakland County residents remain in their homes. A program that helps Oakland County homeowners pay off delinquent property taxes, interest and fees just received its five-millionth dollar, according to a news release.
The District of Columbia's condominium "super-priority lien" law grants super-priority to condominium association liens for up to six months of unpaid assessments. The super-priority lien law does not specify what happens when the condominium association forecloses and the proceeds of the sale are insufficient to pay the first deed of trust.
Foreclosure of a business can concern many people, foreclosure of an entire mall can concern even more. It's been 9 months since a Delaware Mortgage company foreclosed on the Lakewood Mall in Aberdeen, but since Thursday it is under new ownership.
Severe Thunderstorm Warning issued September 16 at 3:29AM MST expiring September 16 at 4:15AM MST in effect for: Maricopa Areal Flood Advisory issued September 16 at 3:19AM MST expiring September 16 at 7:15AM MST in effect for: Maricopa Flash Flood Watch issued September 15 at 2:47PM MST expiring September 18 at 6:00PM MST in effect for: Gila, La Paz, Maricopa, Pinal Flash Flood Watch issued September 15 at 2:54PM MST expiring September 18 at 6:00PM MST in effect for: Apache, Coconino, Gila, Navajo, Yavapai PHOENIX - Sibyelle Freiwald tried for a long time to get her home loan refinanced. "I've tried with different companies.
On August 20, 2014, the North Carolina Supreme Court issued an opinion giving great weight to properly-drafted forbearance agreements in a commercial loan and guaranty context. RL REGI N.C., LLC v.
Foreclosure activity in San Joaquin County dropped sharply in August, falling nearly one-third from July and more than 50 percent from August 2013, real estate data firm RealtyTrac Inc. recently reported. It tallied a total 205 foreclosure related filings - notices of default, trustee sales or bank repossessions - in August for the county, compared to 300 such filings in July and 458 a year ago.
I have written often over the past few years about the house of cards that is the American economy, but the events of the past week should frighten everybody. First, there was the collapse of IndyMac, a California bank deeply involved in subprime lending.
It's been a rough couple of years for Deborah Calley, who's overcome physical and mental obstacles, following a devastating car accident. The crash happened in 2008, leaving Calley with several injuries to her arms, wrists and neck.She said she had four big bruises on her brain, and says doctors were surprised that she doesn't have permanent brain damage.
When shopping for a home, you may notice that certain listings are labeled as short sales , short pays or pre- foreclosures . All of these terms mean the same thing: the seller is upside-down on his or her mortgage and is attempting to negotiate a deal with the lender in the hope of avoiding foreclosure.
While various aspects of the housing market have gradually improved from the trough of the financial crisis, foreclosure activity continues to remind us that the recovery is a painfully slow process. The number of foreclosure filings in the United States reached 116,913 in August, up 7 percent from the previous month, according to a new report from RealtyTrac.
Updated: Wed Sep 17, 2014 11:10 am
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