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12 Sep 2013, 12:58 pm
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
” 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
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
Then, the city could offer the homeowner an opportunity to refinance their mortgage with a new loan of $240,000. [read post]
8 Sep 2013, 6:19 pm
Attorney Fishman credited special agents of FBI’s Atlantic City Resident Agency, under the direction of Special Agent in Charge Aaron T. [read post]
30 Aug 2013, 10:01 am
NORMANDY VILLAGE PROPERTY OWNERS ASSOCIATION, INC., 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
The accused then took out fraudulent loans against those properties, conned lenders into believing they were paying off underlying mortgages, and then pocketed the money. [read post]
21 Aug 2013, 3:23 am
Banks and mortgage lenders and federally insured loan programs in all areas of the coastal community stand to suffer from incorrect maps and unnecessary increases in flood insurance premiums requiring significant increases in payments and loan escrows. [read post]
20 Aug 2013, 6:39 pm
National City Bank No. 11-8079 (3d Cir. [read post]
14 Aug 2013, 1:10 pm
NEWARK, NJ - AUGUST 14: Giuseppe 'Joe' Giudice (L) and wife Teresa Giudice appear in court to face charges of defrauding lenders, illegally obtaining mortgages and other loans as well as allegedly hiding assets and income during a bankruptcy case on August 14, 2013 in Newark, United States. [read post]
13 Aug 2013, 11:03 am
If the mortgage holders refuse, Richmond's mayor has indicated that the city will move to seize the loans pursuant to its eminent domain powers. [read post]
12 Aug 2013, 9:47 pm
The interview was going fairly well. [read post]
12 Aug 2013, 4:48 am
City Dev. [read post]
9 Aug 2013, 5:34 pm
MRP’s position seems to be based on the idea that, after writing down the condemned mortgages, the City will transfer them to investors who put up money to buy the now-reduced loan, thereby offsetting the public funds spent on the taking. [read post]
8 Aug 2013, 10:23 am
Last week, the City sent letters to about 30 trustees and loan servicers offering to purchase over 620 mortgage loans, which is the first step in the MRP plan. [read post]
7 Aug 2013, 8:10 pm
The plan advanced last month with Richmond backing offers to buy 624 loans, making it the first city to push the idea so far forward. [read post]
6 Aug 2013, 2:41 pm
Other Florida cities in RealtyTrac’s Top 15 Flipper Cities: Tampa, Miami, Cape Coral, and Lakeland. [read post]
31 Jul 2013, 6:58 pm
The city plans to buy the loan for $160,000, or about 80 percent of the value of the home, a discount that factors in the risk of default. [read post]
31 Jul 2013, 8:50 am
The city is offering to buy the loans at what it considers the fair market value. [read post]
