Topics: Foreclosure - 346 results

America’s foreclosure crisis may have peaked across much of the country – though tough times are far from over, according to data released this week by CoreLogic. In the first three months of this year, 198,000 homes were foreclosed upon – down 14.7 percent from the same quarter in 2011. And the number of borrowers who are past-due on their mortgages is at its lowest point since July 2009, said Mark Fleming, chief economist for CoreLogic. And in areas where …

Tanya Dennis got her house back from foreclosure using a tactic that’s increasingly popular among Occupy Wall Street activists: she broke in. At their most effective, Occupiers are helping people who’ve been the victims of massive paperwork snafus, said Evan Rosen, a Florida attorney who said one of his clients regained her home thanks to the protest movement.  But Rosen cautions activists to follow the law themselves, even if they think that big banks are breaking it. While Dennis appears …

Contrary to some recent rosy predictions of a recovering housing market, thousands of homeowners are still underwater on their mortgages and lawyers who represent homeowners say the next wave of foreclosures is looming. Companies that track foreclosures have already seen a rise since the beginning of the year. Lawyers working in the trenches with distressed homeowners see no let up. “We’re constantly deluged by calls,” said Patrick Dunlevy, a Los Angeles attorney with the country’s largest pro bono law firm …

Last week a federal judge signed off on a $26 billion settlement agreement negotiated between five major banks and attorneys general in 49 states and the District of Columbia. The banks were originally charged with having unlawful and unfair foreclosure practices. Among the allegations: Lenders employed “robo-signers” who signed off on foreclosure affidavits attesting they’d personally reviewed foreclosure documents without actually doing so Because of robo-signers and other shoddy practices, banks improperly foreclosed on homes   Does the Mortgage Settlement …

The mortgage crisis in America has gotten so complicated that not only are banks foreclosing with no evidence that they have authority to do so, they can no longer define what ownership of a mortgage even means. Bank in Wisconsin foreclosure claims term “owner” of mortgage is vague and undefined. Massachusetts court rules banks must show ownership of loan to foreclose Defective foreclosures rampant; consequences to consumers countless and complicated   You Have To Own the Mortgage The popular pre-recession …