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5 Dec 2011, 5:00 am by J Robert Brown Jr.
  Nonetheless, Robert Khuzami, the Director of the Division of Enforcement, gave a talk before the Consumer Federation of America's Financial Services Conference on December 1. [read post]
5 Dec 2011, 2:58 am
The moderation in home prices comes against the background of the continued increase in the number of building starts, the lagged effect of the increase in the interest rate, measures introduced by the Bank of Israel affecting mortgages, and steps taken by the Ministry of Finance in real estate taxation. [read post]
3 Dec 2011, 9:56 am by Law Lady
Bankruptcy Court, Middle District of Florida, Tampa Division.Bankruptcy -- Dismissal -- Chapter 7 -- Abuse -- Considering totality of circumstances, granting relief to debtor would constitute substantial abuse of bankruptcy process as set forth in 11 U.S.C. section 707(b)(3) where debtor has sufficient disposable income to pay her unsecured creditors in full within sixty months -- Debtor is not entitled to Chapter 7 relief -- Deductions for voluntary 401(k) contributions and repayment of 401(k)… [read post]
2 Dec 2011, 3:09 pm
Yesterday, December 1, Massachusetts Attorney General Martha Coakley filed a lawsuit against Bank of America, JPMorgan Chase, Wells Fargo, Citibank, Ally Financial and the Mortgage Electronic Registration System. [read post]
2 Dec 2011, 10:44 am
" Coakley said the banks moved to seize Massachusetts homes when they had no legal authority do so because they didn't hold the mortgage on the properties. [read post]
2 Dec 2011, 5:00 am by admin
  And this in Las Vegas, one of the fastest-growing markets in America, one that, by the author’s own admission, was and is awash in quality rental apartments. [read post]
1 Dec 2011, 7:47 pm by Kevin Funnell
Unless, of course, Bank of America is handling the foreclosure, in which case that family might get lucky and the servicer will kick some unsuspecting family three blocks away out of their home. [read post]
1 Dec 2011, 1:06 pm by admin
Barry Zigas, director of housing and credit policy at the Consumer Federation of America, advocates that some form of debt forgiveness on the underwater portions of home mortgages is needed in order to truly start recovering from the recession. [read post]
30 Nov 2011, 2:15 pm by Mandelman
A First Vice President at Bank of America once told me the following story about the path to advancement at the bank. [read post]
29 Nov 2011, 11:22 am by Lovechilde
Now, because of the foreclosure crisis Wall Street banks created with their lies and greed, millions of Americans have lost their homes, and one in four homeowners are currently underwater on their mortgage. [read post]
29 Nov 2011, 6:31 am
Mortgage servicers have to follow special procedures when they foreclose on homes belonging to military members and their families. [read post]
28 Nov 2011, 7:54 am by Mandelman
  They think that irresponsible people bought homes they couldn’t afford. [read post]
24 Nov 2011, 5:43 am by Glenn Reynolds
But the source of their stress is government.” UPDATE: A reader emails: “Is this why my blue chip client with the over 800 credit score took 3+ months to close a BOA mortgage for a home she bought in a blue chip neighborhood in Oakland County, MI? [read post]
23 Nov 2011, 3:32 pm by Mandelman
As of October of 2011, as a result of the “bailouts,” Goldman Sachs still owes U.S. taxpayers $12.9 billion, JPMorgan Chase owes us $32 billion, Morgan Stanley owes us $25.5 billion, and Bank of America owes us $19.7 billion. [read post]
23 Nov 2011, 8:26 am by blacklobellolaw
  It also eliminated the 120-day listing requirement for homes to be considered for a short sale prior to requesting a deed-in-lieu of foreclosure. [read post]
21 Nov 2011, 5:22 am
In a recent case in New York, a Bank of America lawyer was trying to foreclose on a New York City police officer who didn't earn enough to qualify for a mortgage modification, according to The New York Times. [read post]
18 Nov 2011, 5:24 pm by Marisa R. Cochrane
Many homeowners, including those who walked away from their homes, would deduct their mortgage payment to qualify for a Chapter 7. [read post]