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12 Oct 2010, 2:36 am
The mortgage servicer demands payment, gives notice of acceleration of the loan to make the full amount due and payable at once (no more mr. nice guy), and then either files a foreclosure complaint for breach of contract or requests the trustee to initiate the foreclosure and sale. [read post]
11 Oct 2010, 1:30 pm
Bank of American Stops US Foreclosures for Review, Associated Press, October 8, 2010 Government Had Been Warned For Months About Trouble in Mortgage Servicer Industry, Washington Post, October 10, 2010 [read post]
11 Oct 2010, 8:59 am
Treasury must either enforce its HAMP contracts with the banks, or fire the current servicers and transfer distressed mortgages to servicers who can do the job properly. [read post]
10 Oct 2010, 8:11 am
He included a man who was foreclosed on even though he didn’t have a mortgage and had paid cash for his home; a home that had two foreclosure suits against it because two servicers claimed to have ownership of the title; and a couple foreclosed on over a $75 late fee that they were in the process of contesting. [read post]
10 Oct 2010, 7:11 am
And then there’s the longstanding quip about title insurance companies and their well-known litany of contract exclusions and coverage exceptions. [read post]
9 Oct 2010, 6:12 pm
The next deadline outlined in most real estate contracts is the time by which the purchaser has to obtain the mortgage financing approval. [read post]
3 Oct 2010, 2:35 pm
Under Florida law, the plain language of a residential mortgage note, which repeatedly and unmistakably indicated that a mortgagor's monthly payments might not be sufficient to cover the interest, and that any deficiency would be added to the note's principal, did not require a mortgagee or a loan servicer to apply at least a portion of each monthly mortgage payment to the principal. [read post]
1 Oct 2010, 8:31 am
Reach the article below for information about a major mortgage service outfit fraudulently rubber-stamping foreclosure affidavits. [read post]
29 Sep 2010, 5:05 pm
The above are all reasons that you might have heard about banks not being able to turn up 'signed contracts' or produce other original documents. [read post]
29 Sep 2010, 12:21 pm
All told, CoStar alleged that it had at least 200 unauthorized accesses to its website over a 43-month period.CoStar brought actions for copyright infringement, breach of contract, and violation of the Computer Fraud and Abuse Act against Field, Alliance Valuation Group, Christensen, Pathfinder Mortgage Company, and others. [read post]
29 Sep 2010, 9:18 am
While consumers being sued on delinquent credit cards and mortgages receive solicitations in the mail from bankruptcy attorneys, they are also deluged with a variety of other offers of aid. [read post]
28 Sep 2010, 8:13 pm
Real estate brokers also have contacts in related fields, such as mortgage brokers, and property inspectors. [read post]
28 Sep 2010, 5:56 am
National Real Estate Information Services, Inc. [read post]
24 Sep 2010, 12:16 pm
The taxpayer is being ill-served by the banks we bailed out, the same banks that signed contracts with Treasury to modify eligible mortgages and prevent foreclosures. [read post]
24 Sep 2010, 8:28 am
Restrictions on Sources of Products and Services - obligations of the franchisee to purchase or lease from designated sources and purchase or lease in accordance with specifications or from approved suppliers. 9. [read post]
24 Sep 2010, 7:00 am
Brooks with fraud for systematically selling risky mortgage-backed securities to customers with conservative investment goals. [read post]
21 Sep 2010, 9:39 pm
I get that it would have involved a lot of pain in the ass government contracting issues, but if there's a will, there's a way. [read post]
20 Sep 2010, 10:50 pm
We don’t want them deciding whether to approve new loans under which they would lose existing favorable contract rights. [read post]
20 Sep 2010, 3:51 pm
AMZ Insurance Services; Pacific Specialty Insurance Company, __ Cal. [read post]
20 Sep 2010, 2:01 pm
`(a) Requirement- Except as provided in subsection (b) and notwithstanding any other provision of law or of any contract, including a contract between a servicer of a residential mortgage loan and a securitization vehicle or other investment vehicle, if the mortgagor under a residential mortgage loan submits to the servicer of the mortgage loan a written request for a short sale of the dwelling or residential real property that is… [read post]
