“Cash For Houses” signs have Monroe’s BBB on watch
The signs say “We Buy Houses,” and they offer quick cash for your home. At first glance, it may not seem like a bad idea.
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Freddie Mac: Mortgage Serious Delinquency Rate Decreased in June
ByadminFreddie Mac reported that the Single-Family serious delinquency rate in June was 0.82%, down from 0.87% in May. Freddie's rate is down from 0.85% in June 2017. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. Foreclosure News
Anti-foreclosure bill improved after summerlong simmer, officials say
ByadminOn Thursday, City Council advanced amendments to legislation passed last June that would reduce tax foreclosures, but never was enacted due to a quirk of legislative timing. The bill, championed by Council President Darrell Clarke, was the subject of negotiations with Mayor Jim Kenney's administration over the summer. Foreclosure News
Bayview Loan Servicing LLC v. Park City Sports LLC
ByadminLavine, Bright and Pellegrino, Js.Charles C. Hallas, for the appellants . Benjamin T. Staskiewicz, for the appellee . Foreclosure News
Hurricanes drive October’s increase in late mortgage payments
ByadminLate payments from borrowers living in areas hardest hit by Hurricanes Harvey and Irma were responsible for October's increase in loan delinquencies. Over 229,000 past due mortgages are attributed to the two storms, said Black Knight in its first look report. Foreclosure News
U.S. housing bonds market getting riskier
ByadminThe loans in question are nowhere near the toxic mortgages that brought down the financial system last decade. But they're being made to people with lower credit scores and with more debt relative to their income. Foreclosure News
Real Property, Financial Services, & Title Insurance Update: Weeks Ending August 10 & 17, 2018
ByadminForeclosure/Loan Modification: foreclosing plaintiff was required to allege and prove default of loan modification agreement after trial court found the loan modification to be the operative agreement.Pijuan v. Bank of America, N.A., Case No. Foreclosure News