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21 Oct 2010, 6:24 am by David G. Badertscher
Courts to Require Attorneys to Verify Foreclosure PapersNew York Law JournalAmid mounting national concern over the accuracy of court documents in foreclosure cases, New York state's court system has directed lenders' lawyers to file an affirmation that they have taken reasonable steps to verify the accuracy of papers they file to support residential foreclosures. [read post]
18 Oct 2010, 6:53 am by Texas RioGrande Legal Aid
Other companies that have announced halting foreclosure proceedings in at least some states are Ally Financial Inc. [read post]
18 Oct 2010, 1:33 am by Kevin LaCroix
The management incentives at the time encouraged company officials to seek revenue "without taking appropriate consideration of the risks. [read post]
17 Oct 2010, 6:49 am by Larry Ribstein
  The office was so overwhelmed with work that managers kept notary stamps lying around for anyone to use. * * * Law firms were rewarded with additional bonuses from document processing companies if they met deadlines for preparing and filing foreclosures in courts. * * * Fannie Mae imposes a $100 fee on contractors for each day they fail to notify the firm that the foreclosure process was a success and that it has the right to move ahead with the resale of a… [read post]
15 Oct 2010, 8:09 am by Gabe Acevedo
It seems that this foreclosure crisis will keep lawyers and document management companies busy for quite some time into the future. [read post]
13 Oct 2010, 4:20 pm by Mandelman
With something like $20 billion in assets under management, TBG Financial is the largest provider of nonqualified deferred compensation plans in the country. [read post]
10 Oct 2010, 8:11 am by Mandelman
  That’s a senior management position if there ever was one, because I’m pretty sure that traditionally speaking anyway, forgeries and fraudulent documents are frowned upon by banks in general, and JPMorgan Chase isn’t likely to be an exception. [read post]
9 Oct 2010, 11:21 am by Bob Lawless
Even if someone manages to overturn a judgment of foreclosure, the claim is limited only to the proceeds of the, not to a return of the property. [read post]
8 Oct 2010, 5:14 am by David G. Badertscher
Edolphus Towns, D-N.Y., chairman of the House Committee on Oversight and Government Reform, on Thursday called on top U.S. mortgage lenders and banks to voluntarily halt home foreclosures in all 50 states and the District of Columbia until the banks' legal departments review their companies' procedures. [read post]
6 Oct 2010, 9:08 pm by Mandelman
Still other questions have been asked of foreclosure outsourcing company, Lender Processing Services (LPS), include why the signatures of the same person differ wildly on such documents The company’s documentation practices are stirring questions, including how the same employee can have wildly varying signatures on mortgage documents. [read post]
6 Oct 2010, 8:44 pm
For example: if you owe a credit card company 10,000 dollars and are already in default, that company must "write down" the value of that debt. [read post]
6 Oct 2010, 12:20 pm by Mark Zamora
Meanwhile, shares of a major foreclosure outsourcing company, Lender Processing Services of Jacksonville, Fla., fell 5 percent on Tuesday, adding to a slide that began last week. [read post]
6 Oct 2010, 5:25 am by David G. Badertscher
Judge Quashes State Subpoena in Foreclosure ProbeDaily Business ReviewA Florida judge dealt a blow Monday to state AG Bill McCollum's investigation of foreclosure law firms by quashing a broad subpoena issued against one of the firms. [read post]
5 Oct 2010, 5:00 pm by Craig Robins
  For more info see:  Mortgage Companies Entitlement to Bring Foreclosure Proceedings: Prove It or Lose It . [read post]
4 Oct 2010, 8:16 am by Rich Vetstein
In a New Jersey bankruptcy case, a senior Bank of America manager admitted that Countrywide Loans routinely failed to transfer promissory notes as part of the securitization process. [read post]
3 Oct 2010, 2:35 pm by Law Lady
ADVANTAGE BUILDERS OF AMERICA, INC., a Florida corporation, Appellee. 2nd District.Mortgage foreclosure -- Intervention -- Trial court properly denied motion to intervene filed by parties who sought to intervene more than twenty days after mortgagee had filed foreclosure complaint and filed notice of lis pendens -- Section 48.23(1)(b), Florida Statutes (2008), which allows the holders of unrecorded property interests only twenty days from the recording date of a lis pendens to… [read post]
26 Sep 2010, 7:36 pm by Kevin Funnell
Grodensky said he has filed a claim with his title insurance company, but that, too, has not resulted in any action. [read post]
25 Sep 2010, 7:49 am by Susan I. Nelson
The mystery cleared up Monday when San Antonio's Brass Real Estate Funds and Magi Real Estate Services held a seminar for local immigration lawyers and wealth managers. [read post]