Maryland Court Clarifies Rules for Foreign Statutory Trusts in Foreclosure Proceedings
The Maryland Court of Appeals' decision in Blackstone v. Sharma provides much-needed clarity to mortgage debt owners.
The Maryland Court of Appeals' decision in Blackstone v. Sharma provides much-needed clarity to mortgage debt owners.
Court documents were just unsealed on Monday unveiling a dispute regarding who really owns the Hotel Northland, as well as a proposed settlement. Alderman Guy Zima says Mayor Schmitt had plans to use $ 500,000 of tax payer money to pay-off one of the parties fighting over ownership of the project, Keith Harenda and Mike…
With the red hot real estate market showing no signs of letting up, prospective home buyers need to get increasingly creative in order to land their dream home, or any home for that matter. The fact of the matter is housing inventory is extremely limited, regardless of whether mortgage rates are going up or down…
But that program is almost at an end, even though Nevada's foreclosure rate remains about 33 percent higher than the national average. The Foreclosure Mediation Program ends June 30, but there's a move afoot in the Legislature to extend it. Foreclosure News
Activists argue Maryland faces another housing crisis unless the state clamps down on hedge funds turning a profit buying distressed mortgages and foreclosing on homes. Advocates, including the Consumer Law Center and the Maryland Consumer Rights Coalition, accuse several hedge funds of purchasing Maryland home loans, not servicing the loans, and aggressively pursuing foreclosures in…
The worst of the residential foreclosure crisis may be in Connecticut's rearview mirror, but a report this week still ranks the state high among all states for homeowners with troubled mortgages. In 2017, one in 128 properties was in a stage of foreclosure in Connecticut, placing it fifth highest behind New Jersey, Delaware, Maryland and…