Refinancing a mortgage would be the easiest way to help a homeowner bring a mortgage to date, but if the bank refuses, selling the home to get the equity out is better than foreclosure. Q: I need $ 8,000 to bring my mortgage to date.
After a brief dip in April home sales, the U.S. housing market returned to seasonally high sales in May, increasing 20.6 percent from the previous month and 4.3 percent from May 2016, according to the RE/MAX National Housing Report released today. The average number of Days on Market dropped to a record low of 51,…
Living in a renter's paradise: Renters now dominate over half of largest US cities. Between 2007 and 2016 approximately 7.8 million homes lost to foreclosure. Foreclosure News
NEW DELHI: On an average, LeasePlan India, which has a fleet of around 13,000 vehicles, gets about 50 requests for a foreclosure every month.But during the last week alone, there have been over 200 requests and the company's finance director Nitu Samra fears that there may be more requests this week. At TranzLease Holdings India…
The U.S. Court of Appeals for the First Circuit recently applied the Rooker-Feldman doctrine , which limits federal-court jurisdiction, in affirming the dismissal of claims brought against a mortgage loan servicer in federal court. The matter arose from foreclosure proceedings that were initiated by the servicer in the Massachusetts Land Court. Foreclosure News
The new Home Mortgage Disclosure Act rule goes into effect in a few months, creating new compliance reporting requirements and risks, especially CUs that are active in portfolio and home equity lending. What should CUs know to prepare for HMDA? 1. The new fields create greater transparency and provide for justifications. Foreclosure News
Should a law firm pursuing foreclosure on behalf of a mortgagee be considered a debt collector? That is a question at issue in a Rhode Island federal court case, in which borrower Lloyd Amesbury filed a class action lawsuit alleging Fair Debt Collection Practices Act violations against a firm retained to initiate foreclosure on his…
