Tenth Circuit Joins The Fray Regarding Whether Foreclosures Are Debt Collection Activity

With the Tenth Circuit's decision the circuits remain split with the Ninth Circuit and now the Tenth Circuit holding that non-judicial foreclosures are not debt collection activity and the Fourth, Fifth and Sixth Circuits holding that they are. Cir., Jan. 19, 2018), Wells Fargo retained foreclosure counsel who sent the consumer an initial communication which […]

U.S. Foreclosure Activity Drops To More Than 11-Year Low In Q3 2017

U.S. foreclosure activity in Q3 2017 was 31 percent below the pre-recession average of 278,912 properties with foreclosure filings per quarter between Q1 2006 and Q3 2007 – the fourth consecutive quarter where U.S. foreclosure activity has tracked below the pre-recession average. “Legacy foreclosures from the high-risk loans originated between 2004 and 2008 have largely […]