An excerpt from an article in the MND: While great efforts must be taken to avoid a future crisis and bailout the SIGTARP says, we cannot lose sight of the current TARP bailout. Wall Street may have recovered but Main Street has not. TARP was always intended as a...
Several readers have suggested that the CA Homeowners Bill of Rights has been the cause of the slowing foreclsoure activity - and now Barclays agrees. From dsnews.com: The California Homeowner Bill of Rights (HBR) is the main driving force behind the recent slowdown...
Standard bank deal these days - no frills, max money:
A bill that would extend for one year state income tax relief provided to homeowners who receive mortgage relief from their lenders was temporarily put on hold in the Legislature on Monday. If enacted, it would align state law with federal law, which has been ...
California's Homeowners Bill of Rights will add an estimated $30,000 of legal exposure into each and every non-judicial foreclosure, according to a white paper released by Robert L. Jackson and Associates. Intended to educate loan servicing professionals and the...
There are several articles out today commenting on the decline on foreclosure activity. The ivory-tower types are quick to give credit to the CA Homeowners Bill of Rights, or to short sales being the preferred method of liquidation, instead of foreclosure. Here are...
Bank of America Corp. has amassed $64 billion of mortgages that are at least six months delinquent and have yet to enter foreclosure, more than twice the amount held by its four largest competitors combined. The loans are monitored as part of February’s $25 billion...
With the strategy of not-foreclosing working so well for the banks, you can probably say that REO and short-sale listings are winding down. How did we do? While it is likely that REO and short-sale listings will continue for years, the media keeps touting how the...
R.C. and Stacy Davis lost their condominium to foreclosure in 2009, a bad break that seemed destined to keep them from buying another home for many years. Yet on Wednesday -- only three years after their foreclosure -- the couple signed the papers to buy a...
WOODSTOCK, Ga. -- A family in Woodstock, who just lost their home of 20 years to foreclosure and are preparing to move out, lost even more on Wednesday. And it was because of what they triggered when they posted a craigslist ad Tuesday night. Their online post was...
