Foreclosure Review Process Flawed According to the NCLC
The National Consumer Law Center thinks that the new foreclosure review process is flawed. Here is their statement.
Entries by Scott Lanin
Success In The Kings County Supreme Court! Helping A Homeowner Who Got Scammed
We just won a heavily contested motion in the Kings County (Brooklyn) Supreme Court to allow a homeowner to file a late answer with defenses and counterclaims against his mortgage lender.
Fannie, Freddie Ex-Executives Face SEC Cases Stemming From Subprime Disclosures
U.S. securities regulators accused six former executives at mortgage firms Fannie Mae and Freddie Mac of playing down the risks to investors of the firms’ foray into subprime loans. Read the story.
California Attorney General Sues Fannie, Freddie Demanding Answers
California’s attorney general filed lawsuits against mortgage giants Fannie Mae and Freddie Mac on Tuesday, demanding that the companies that own some 60 percent of the state’s mortgages respond to questions in a state investigation. Read the story.
Foreclosure Backlogs Could Take Decades To Clear Out
We have a client who purchased a commercial property at a foreclosure action by a second mortgagee. Now his LLC owns the property subject to the first mortgage and the first mortgagee is foreclosing in Kings County. Our client wants to settle the case and pay off the first mortgage but disputes the amount due.
Independent Foreclosure Review Underway
An independent foreclosure review is now underway for 14 large mortgage servicers to evaluate whether borrowers suffered financial injury through errors, misrepresentations, or other deficiencies in foreclosure practices and to determine the appropriate remediation for those customers. If you receive an official looking notice about this, it must be returned by April 30, 2012. My […]
Breaking News – Steven Baum Foreclosure Firm May Close
The upstate New York foreclosure mill run by Steven Baum appears ready to close according to an article by the New York Law Journal this morning. For many of my firm’s clients who are in foreclosure proceedings with this firm and the lenders they represent, this is a welcome thing. Dealing with this firm in […]
Inheriting a Mortgage
The NY Times has a good article about the issues that homeowners face when a family member dies leaving a mortgage.
Buying A Home After Foreclosure
Here is an article about buying a home after foreclosure.
What Delays A Foreclosure
Here is an article on the delays foreclosures are experiencing.