Foreclosure Mess Leaves Some Buyers in Limbo
An increasing number of buyers of foreclosed homes are finding that they can’t close on the property because the foreclosure — and the sale — is derailed by a problem with the foreclosure paperwork....
View ArticleTitle Insurance: More Important Than Ever
Understanding the tenets of title insurance is especially important considering the turmoil in the real estate industry. Title insurance is intended to protect the insured from improper titling,...
View ArticleWells Fargo Settles Pick-a-Payment Suit
Wells Fargo has agreed to settle a class-action lawsuit involving pick-a-payment home loans. The proposed settlement makes available at least $50 million in compensation for borrowers who lost their...
View ArticleLenders 'Foreclose' Homes They Don't Own
In dozens of incidents nationwide, confused banks have ransacked properties that were either not mortgaged at all or were mortgaged by a different lender or were a customer of the bank in question but...
View ArticleState guilty of 'delusional behavior' in slow response to foreclosure chaos,...
Fed up with the foreclosure chaos, the New Jersey courts demanded that banks prove the integrity of their home repossession systems or face shutdown. To demonstrate the need for the Dec. 20 order, New...
View ArticleBen-Ezra & Katz Lays Off 236
Fort Lauderdale law firm Ben-Ezra & Katz confirmed Tuesday that it had laid off 236 employees on Monday. The layoffs come after Fannie Mae terminated its relationship with firm, which requires...
View ArticleA Lawyer Under Investigation Shuts Down His Foreclosure Practice
NY Times David J. Stern, one of the country’s best-known beneficiaries of the foreclosure boom, who pocketed millions from evictions processed by his Florida law firm, told regulators on Monday that he...
View ArticleBacklog of Cases Gives a Reprieve on Foreclosures
Millions of homeowners in distress are getting some unexpected breathing room — lots of it in some places. In New York State, it would take lenders 62 years at their current pace, the longest time...
View ArticleFlorida Legislature Trying to Bust Foreclosure Backlog - Again
For the third consecutive year, Florida lawmakers will attempt to fix the state's foreclosure court mire with legislation that streamlines the process and, in some cases, gives banks quicker access to...
View ArticleLegality of Thousands of Mortgages Thrown Into Question
Robo-signing has been around a lot longer than originally thought, and could jeopardize the legality over the deeds of tens of thousands of homes dating back more than a decade ago, the Associated...
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