Archive for 'Eviction' Category
Submitted on 2010/12/27 at 9:18 pm by Nelson J Velardo Neighborhood Preservation Act’. This is a great bill that would allow foreclosed homeowners to lease their properties back from the bank after a foreclosure sale. The homeowner could lease the property for up to 5 years, plenty of time to win litigation and get the […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S NOTE: This deal was probably easier than it looks. The big question is whether AIG will pursue its claim that the insurance contracts on which it paid were procured by fraud. Neither the “mortgage bonds” nor the “loans” that were “backing” the mortgage bonds […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: Optimism expressed by economists is being consistently banged, four months in a row now, by the hard facts. The reports are getting better while the facts get worse. Housing prices dropped again — a sign that nobody believes the government or market conditions […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary see MD Foreclosure INDEMNITY AGREEMENT EDITOR’S NOTE: WHETHER IT IS IN WRITING OR NOT, VIRTUALLY ALL TITLE INSURANCE UNDERWRITERS THAT ARE INDEPENDENT FROM THE MEGA-BANKS ARE ISSUING DIRECTIONS AND RESTRICTIONS REGARDING INSURING TITLE ON PROPERTY INVOLVING ANY ALLEGATION OF SECURITIZED MORTGAGES AND ESPECIALLY IF THEY […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary COVER-UP CONTINUES EDITOR’S COMMENT: Confused? Ally, wholly owed by GMAC, which is 80% owed by our Federal government has agreed to pay $462 MILLION on “repurchase demands” (i.e. legal damages) to Fannie Mae (FNMA, wholly owned by our Federal Government) for losses attributable to $292 […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: Wray has it right. This is the way it should turn out. And if the shoe was on the other foot it would happen because consumers usually take the hit. Yet it seems unlikely that this scenario will play out in the manner […]
Posted on December 27, 2010 by Foreclosureblues Bank Slammed With Another Class Action By JOE HARRIS ShareThis ST. LOUIS (CN) – The seemingly endless string of class actions against Bank of America’s foreclosure policies continued here in Federal Court. The class claims that BofA and BAC Home Loans Servicing refuse to participate in foreclosure prevention […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: This is why we should think before we speak and make sure we are using terminology correctly. This crisis will not be over until we realize that there are important differences between the obligation, the note, the mortgage, the mortgage bond, the CDO, […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S NOTE: This is going to happen for many municipal, county and state government obligations, having a far reaching effect as people awaken to the severity of the current economic crisis and the fact that this time is different from all other times. Officials in […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: The piece below is a cut and paste from the FNMA site without any editing. The latest round of finger pointing has put Fannie and Freddie in the path raising even more obstacles to identifying the creditor, and the holder of any right […]
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