Hurricane Stricken States Now Seriously Delinquent
Black Knight notes a significant uptick in seriously delinquent mortgages in December. The number of loans that were 90 or more days overdue increased by 60,000 during the month to 726,000.
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Daily market update: March 16, 2017
ByadminStates with a year-over-year increase included New Jersey ; Delaware ; Louisiana ; Alabama ; and Hawaii . Three of the nation's 20 largest metro areas posted year-over-year increases in foreclosure activity: Houston ; San Francisco ; and New York . Foreclosure News
Sixth Circuit: Firm’s Post-Foreclosure Conduct Does Not Violate FDCPA
ByadminThe Sixth Circuit held that the law firm's pursuit of a post-foreclosure eviction action did not violate the FDCPA. The court found that after a debt has been extinguished in a foreclosure sale, “there no longer exists a debt to enforce, and any post-foreclosure activity cannot be considered debt collection.” Foreclosure News
In Blackstone v. Sharma, Maryland’s Highest Court Rules That…
ByadminIn a long-awaited decision, the Court of Appeals of Maryland holds that foreign statutory trusts do not need to be licensed as debt collectors before initiating in rem foreclosure proceedings. This holding will allow numerous foreclosures, which were placed on hold pending the ruling, to proceed, and eliminates the uncertainty of a multitude of foreclosure…
a Ita s a disturbing trend.a The rate of foreclosure starts in South Florida has spiked
ByadminHurricanes have given Florida a break thus far this summer. But a stealthier kind of storm has already hit the state. Foreclosure News
Netflix Seeks Millions In Damages From Relativity Media For Breach Of Contract
ByadminNetflix has filed a complaint against Relativity Media , accusing the studio of violating terms of its multiyear contract to provide exclusive content to the streaming service. The streaming service claims that five Relativity films licensed exclusively to Netflix wound up on competing services, including Amazon and Starz, in breach of the exclusivity agreement. Foreclosure…