Marc A. Hebert’s Money Sense: Home buyers need to understand terms of any mortgage clauses
There are many different types of clauses and these are subject to state and federal law.
There are many different types of clauses and these are subject to state and federal law.
A Los Angeles City Council committee is scheduled today to examine a plan to tighten up rules on banks that want to do business with the city as a response to the Wells Fargo fake accounts scandal. The City Council approved a motion in November that would amend the city's Responsible Banking Investment Monitoring Ordinance…
The Supreme Court ruled Monday that cities may sue banks under the federal anti-discrimination in housing law, but said those lawsuits must tie claims about predatory lending practices among minority customers directly to declines in property taxes. The justices' 5-3 ruling partly validated a novel approach by Miami and other cities to try to hold…
The two main bankruptcy options available to people overrun by consumer debt are Chapter 7 or Chapter 13. The options differ greatly in how they work and the relief they provide. Below are the basic attributes of each chapter, as well as statistics drawn from ProPublica 's analysis of bankruptcy filings from 2008-2015 to show…
The general contractor in the renovation of Wall Street Theater in Norwalk, Conn., has filed a motion in court seeking to collect on a mechanic's lien. The Morganti Group Inc. of Danbury, which began work in May 2016, filed a mechanic's lien in the amount of $ 1.5 million in April 2017 and increased it…
Reports show Maine is slow to recover from the 2008 housing crisis compared to other states, with foreclosure activity still higher than pre-recession levels. The Portland Press Herald reports there were 3,779 Maine properties in 2016 with at least one foreclosure filing, down 37 percent from Maine's peak foreclosure year of 2013, when 6,037 properties…
Chicago cabbies say industry is teetering toward collapse Foreclosures are skyrocketing as consumers turn to Uber, Lyft. Check out this story on USATODAY.com: https://usat.ly/2sKZb0C The value of Chicago's taxi medallions have plummeted dramatically over the last several years. Foreclosure News