The Florida Supreme Court is deciding a lawsuit that could undo hundreds of thousands of foreclosures and open up banks to severe financial liabilities in the state where they face the bulk of their foreclosure-fraud litigation. The court is deciding whether banks who used fraudulent documents to file foreclosure lawsuits can dismiss the cases and […]
Borrowers who have recently applied for a mortgage know how thorough lenders are now in documenting a person’s finances and ability to repay. Here is the Wall St. Journal’s article.
Here is an interesting article about the toll that foreclosures take on the owners of neighboring properties.
Inside the foreclosure factory, they’re working overtime. Here is the story.
New Jersey’s foreclosure pipeline — which nearly froze in 2011 while mortgage servicers dealt with reports of abuses — has started moving again. Here is the breaking news.
According to the NY Times, “REVERSE mortgages, once associated mainly with homeowners in their 70s and beyond, are now being taken out by people nearing retirement to help pay off debts and remain financially solvent, a new report shows.” Here is the article.
The New York Law Journal is reporting about a lawyer that was just disbarred for a massive mortgage fraud:
Wells Fargo has just been hit with a $3.1 million punitive damages award by a New Orleans Bankruptcy Judge.
I have become so accustomed to the legal language that I find it amusing when my sister (a law school professor) and I have a discussion and rattle off terms quickly. My wife sometimes finds our terminology confusing. [Legal disclaimer: she is a very intelligent professional but not a lawyer.] It’s easy to forget that […]