Cash deals are by no means dead, but they aren't dominating the South Florida housing market the way they once did. Sales without mortgages are happening less frequently as investors flee and traditional buyers gain easier access to financing, industry observers say.
In the years since the mortgage crisis of 2008, it has become common to observe that certain financial institutions and other large corporations may be “too big to jail.” The Financial Crisis Inquiry Commission, which investigated the causes of the meltdown, concluded that the mortgage-lending industry was rife with “predatory and fraudulent practices.” Foreclosure News
In their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss how the prepayment of a loan in commercial real estate transactions may result in unanticipated economic consequences and write: Counsel representing lenders must take care when drafting provisions designed to protect their clients against the risks associated with prepayments by borrowers. For the…
SUPREME COURT COUNTY OF ESSEX OCWEN LOAN SERVICING LLC, Plaintiff against BARBARA T. KELLY A/K/A BARBARA KELLY, et al Defendant . Pursuant to a Judgment of Foreclosure and Sale entered on January 17, 2017. Foreclosure News
FILE PHOTO – A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith The bank said in a filing with regulators that an expanded review found that 870 customers were incorrectly denied mortgage changes, leading to 545 of them losing their homes. Foreclosure News
The city, nonprofit community groups, financial institutions and others are partnering to revitalize housing left behind in the foreclosure crisis. Row houses line the streets in the West Humboldt Park neighborhood of Chicago. Foreclosure News
MidFirst Bank v. the unknown heirs at law of Betty L. Weaver, deceased, occupants of 619 Dunbar Drive, Cumberland, IN 46229, the unknown heirs at law of Joseph Weaver, deceased, mortgage foreclosure. Foreclosure News
