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Highest Court in Mass Upholds Injunction Restricting Foreclosure of Abusive ARM Subprime Loans
A recent case from Massachusetts may be worth a look for New York attorneys and homeowners. In the case of Commonwealth v. Fremont Inv. & Loan, 452 Mass 733 (2008), the Massachusetts Supreme Court upheld an injunction restricting foreclosure and considered certain factors that would render a mortgage loan presumptively unfair under that state’s laws, […]
Will The REO Time Bomb Result In More Loan Mods?
Apparently, the real estate market and foreclosure crisis are worse than the statistics would actually indicate according to this cnbc.com story. The implication of this story is that lenders may be more willing to do loan modifications now because they can’t possibly handle more foreclosed properties in their inventory.
Highest Court in Mass Upholds Injunction Restricting Foreclosure of Abusive ARM Subprime Loans
/in Foreclosure & Loan Mod Blog /by Scott LaninA recent case from Massachusetts may be worth a look for New York attorneys and homeowners. In the case of Commonwealth v. Fremont Inv. & Loan, 452 Mass 733 (2008), the Massachusetts Supreme Court upheld an injunction restricting foreclosure and considered certain factors that would render a mortgage loan presumptively unfair under that state’s laws, […]
Will The REO Time Bomb Result In More Loan Mods?
/in Foreclosure & Loan Mod Blog /by Scott LaninApparently, the real estate market and foreclosure crisis are worse than the statistics would actually indicate according to this cnbc.com story. The implication of this story is that lenders may be more willing to do loan modifications now because they can’t possibly handle more foreclosed properties in their inventory.