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Category Archives: Overview
What Is Foreclosure?
Technically, foreclosure is a legal proceeding. It arises when a mortgage lender or bank attains a legal right to terminate or assume a home-owner’s right to real property (land). The lender may assume your equitable rights of redemption of the … 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
Lawmaker Questions Power to Foreclose
Lawmaker Questions Power to Foreclose By ROBBIE WHELAN Wall Street Journal Nov. 1, 2010 A Virginia lawmaker asked the state’s attorney general to launch an investigation of Mortgage Electronic Registration Systems, the middleman firm in millions of court filings that … Continue reading
65,830 foreclosure cases in Florida cleared in three months
11/02/2010 © Palm Beach Post By Kimberly Miller Florida’s courts cleared 65,830 foreclosure cases in a three-month period beginning July 1, with 71 percent being decided in quickie hearings before the judge sometimes called “rocket dockets.” According to a report … Continue reading
Foreclosure Bombshell
A bombshell has landed on the banks. There are two major themes going on currently in Foreclosure Land. First is Document Fabrication – which is fraud, and one of the areas that has gained so much press of late. Second … Continue reading