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13 Sep 2013, 10:32 am by Bernadette Duran-Brown
Yesterday, the City of Richmond caught a small reprieve with respect to its plan to condemn underwater mortgages. [read post]
12 Sep 2013, 12:58 pm by Carlos A. Kelly
On September 4, the City of North Las Vegas voted 5-0 to reject the Mortgage Resolution Partners plan to use eminent domain to acquire underwater mortgages if mortgage holders would not sell the mortgages to the City voluntarily, as reported by Reuters and the Las Vegas Review-Journal. [read post]
12 Sep 2013, 11:58 am by Carlos Kelly
” On September 4, the City of North Las Vegas voted 5-0 to reject the Mortgage Resolution Partners plan to use eminent domain to acquire underwater mortgages if mortgage holders would not sell the mortgages to the City voluntarily, as reported by Reuters and the Las Vegas Review-Journal. [read post]
12 Sep 2013, 3:15 am by propertyprof
Richmond, California is taking on the mortgage industry with a bold plan to help distressed homeowners: Richmond, a largely working-class and minority city northeast of Berkeley, has offered to buy 624 home loans at a discount from investors in mortgage... [read post]
11 Sep 2013, 4:00 pm
Then, the city could offer the homeowner an opportunity to refinance their mortgage with a new loan of $240,000. [read post]
11 Sep 2013, 3:00 pm by Sheppard Mullin
Then, the city could offer the homeowner an opportunity to refinance their mortgage with a new loan of $240,000. [read post]
11 Sep 2013, 2:42 pm by Bernadette Duran-Brown
Despite three major banks filing federal lawsuits against the City of Richmond last month related to its plan to condemn underwater mortgages, the City continues to press on. [read post]
11 Sep 2013, 7:06 am by Walter Olson
Less happily, voters in Richmond, Calif. are going to let the city administration proceed with a scheme to seize underwater mortgages by use of eminent domain [Daniel Fisher, earlier] Tweet Tags: Colorado, Eliot Spitzer, gunsColorado recalls; NYC voters spurn Eliot Spitzer is a post from Overlawyered - Chronicling the high cost of our legal system [read post]
10 Sep 2013, 7:15 am by Allison Tussey
Sharrock, Balliett, and McElroy sold homes in the cities of Mansfield, Marion, Galion, Plymouth, Shelby, and Bucyrus, Ohio. [read post]
8 Sep 2013, 6:19 pm by Allison Tussey
Attorney Fishman credited special agents of FBI’s Atlantic City Resident Agency, under the direction of Special Agent in Charge Aaron T. [read post]
3 Sep 2013, 2:04 am by Andrew Trask
A group of Hispanic and African-American borrowers sued the National City Bank, alleging that its "Discretionary Pricing Policy" for home mortgages had resulted in higher borrowing costs for racial minorities. [read post]
30 Aug 2013, 10:01 am by Law Lady
., Appellee. 4th District.Injunctions -- Mortgage foreclosure -- Trial court acted within its inherent authority to sanction abusive litigant when it issued omnibus order granting permanent injunction barring future filings relating to foreclosure proceeding or filing future actions arising out of foreclosure proceedings in the circuitLINDSAY JENKINS, Appellant, v. [read post]
29 Aug 2013, 7:33 am by Allison Tussey
The investigation leading to these indictments revealed an elaborate scheme in which Sanders purchased dozens of dilapidated homes in and around the City of Syracuse from the U.S. [read post]
29 Aug 2013, 7:12 am by Allison Tussey
Title companies are required to ensure original mortgages are paid-in-full, and new refinance mortgages are properly recorded as an existing mortgage debt. [read post]
27 Aug 2013, 6:02 am by Susan McLean
Also, consider that the winner of the Shorty Award 2013 for Best Use of Social Media for Financial Services  was Citi for its Citi-Connect: Professional Women’s Network on Linked-In. [read post]
23 Aug 2013, 10:07 am by Don Cruse
CARRINGTON MORTGAGE SERVICES, L.L.C., No. 13-0638 - STATE OFFICE OF RISK MANAGEMENT v. [read post]