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June 15, 2016

Christiana Trust Lacks Standing: One More Time With Feeling

36 Comments / foreclosure / By

“We have repeatedly stated that a crucial element in any mortgage foreclosure proceeding is that the party seeking foreclosure must demonstrate that it has standing to foreclose,” Klingensmith wrote, citing cases from 2012 and 2015. “As always, a party must have standing to file suit at its inception and may not remedy this defect by …

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Modification Abuse: Ocwen, Homeward Dishonest in Handling Modifications

16 Comments / foreclosure / By

The incentive payments from the Federal government for HAMP modifications were merely used for profit, bonuses and the like. No attention was paid to HAMP modifications except in rare instances where the banks thought it prudent to at least make it appear as though they were following HAMP guidelines when they clearly had no interest …

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