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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 […]
Foreclosure Backlogs Could Take Decades To Clear Out
/in Foreclosure & Loan Mod Blog /by Scott LaninWe 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
/in Foreclosure & Loan Mod Blog /by Scott LaninAn 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 […]