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Monthly Archives: December 2010
Foreclosure Mills
The involvement of private equity firms in the legal industry is not new. But their involvement with foreclosure mills appears to have started about five years ago, just as the housing market was starting to collapse and the number of foreclosure … Continue reading
MAKE THE BANK PROVE OWNERSHIP OF THE NOTE
The only person or entity that can displace you from your house is the entity that actually owns the mortgage and holds the note and can prove it. What did the holder of the note do with that document? Not … Continue reading
Mortgage Loan Services
What they do: A mortgage servicer does not loan anyone money. Generally, their entry into the marketplace is after the fact. They perform a variety of services like handling payments, escrow accounts, annual statements, dealing with borrowers, collections, etc. This … Continue reading
Florida Bar ramps up foreclosure-related activities
By Gary Blankenship Senior Editor As Florida courts struggle with a mountain of foreclosure filings and a flood of delays caused by the banking industry’s paperwork difficulties, The Florida Bar has stepped up efforts to prevent mortgage-related fraud and to … Continue reading