Elected officials decided their fears of losing affordable housing to bankruptcy were unfounded and settled for the risk of allowing deed restrictions to expire with foreclosures. After learning about the potential pitfalls of safeguarding deed restrictions – which guarantee home prices stay affordable for low-income residents and local workers – the Jackson Town Council and […]
Foreclosure activity is down nationwide from a year ago, but certain local housing markets tell a different story. Overall, there were 66,401 properties with foreclosure filings in October, a jump of 21% from the previous month's all-time low, but still a 4% decrease from the same period last year, according to Attom Data Solutions. Foreclosure […]
A glitch by Wells Fargo has led to hundreds of mistaken foreclosures, which means that more than 500 of the bank's customers lost their homes. The financial institution said that a computer glitch is in part to blame for an error that reportedly led to 545 customers losing their homes. Foreclosure News
Financially strapped, Jose Aguilar said it felt as though he'd let his family down in 2015 when Wells Fargo foreclosed on his mortgage , but his disappointment redoubled earlier this year when the bank sent him a letter that said a system glitch that he says caused him to lose his home of four years. […]
Does the Fair Debit Collection Practices Act apply to non-judicial foreclosures? This is a question of enormous import to the mortgage servicing industry, as the FDCPA is a common subject for class action claims and further provides that an individual who obtains a judgment under the FDCPA is entitled to an award of his or […]
Teenage students from Boston Public Schools walked out of class Monday afternoon in protest of school closures and gun homicides. SOPHIE PARK/ DAILY FREE PRESS STAFF “Step over our dead bodies,” Dorchester resident Latasha Thompson demanded of City of Boston employees as they waded through a sea of seemingly lifeless children's bodies sprawled in the […]
In last week's general election, more than 400,000 voters in Brooklyn selected seven civil judges for Kings County Supreme Court. Three newcomers and four reelected incumbents will make up a roster of 40 or so judges on the Brooklyn civil bench. Foreclosure News
No help Wells Fargo admitted that, due to a calculation error, it improperly foreclosed on 545 distressed mortgage borrowers after they asked the bank for help. All told, 870 homeowners were denied assistance even though they qualified for it, and more than half eventually lost their homes. Foreclosure News
FILE PHOTO – A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith The bank said in a filing with regulators that an expanded review found that 870 customers were incorrectly denied mortgage changes, leading to 545 of them losing their homes. Foreclosure News
Bottom Right Default State Name: Delaware State Name underscore: Delaware State Name dash: Delaware State Name lower underscore: delaware State Name lower dash: delaware State Name lower: delaware State Abbreviation: DE State Abbreviation Lower: de It is a continuously updated stream of news from around the web Visit throughout the day for the latest breaking […]