After the financial crisis which started around 2008, many homeowners found it necessary to give up their homes either by filing bankruptcy or letting the lender foreclosure. These actions came not only with emotion, but penalties for buying a new home.
New York's Appellate Division, Second Department, ruled short sale documents do not constitute an unqualified acknowledgment of the debt or manifest a promise to repay the debt sufficient to reset the statute of limitations under New York General Obligations Law 17-101. Financial institutions and servicers should consider these decisions when assessing what arguments they have…
Harley-Davidson Credit Corp. vs. Steven B. Christian, possession of a 2003 Harley-Davidson Screaming Eagle sought for alleged unpaid loan. County Treasurer vs. Haitham and Donna Emaishat, et al., foreclosure sought for alleged delinquent taxes for property on Pennsylvania Avenue, East Liverpool. Foreclosure News
MGIC Investment and Radian Group are both mid-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, profitability, dividends, analyst recommendations, risk, earnings and institutional ownership. MGIC Investment has higher earnings, but lower revenue than Radian Group. Foreclosure News
Court actions this week put Medical Mutual of Ohio one step closer to buying its downtown Cleveland headquarters building – a deal that would keep the insurer's central offices in the center city. Medical Mutual recently offered to pay $ 37.9 million for the Rose Building and annex, the historic office complex where the company…
Washington a The Supreme Court has ruled that cities may sue banks for predatory lending practices among minority customers that lead to foreclosures, declines in property taxes and dips in property values. The justices' 5-3 ruling Monday validates a novel approach by Miami and other cities to try to hold banks accountable under the federal…
The Supreme Court ruling means cities can sue major banks for discriminatory lending practices that hurt low-income neighborhoods during the Great Recession. The Supreme Court ruling means cities can sue major banks for discriminatory lending practices that hurt low-income neighborhoods during the Great Recession. Foreclosure News
