Ocwen allegedly botched basic functions like sending accurate monthly statements, properly crediting payments, and handling taxes and insurance. Allegedly, Ocwen also illegally foreclosed on struggling borrowers, ignored customer complaints, and sold off the servicing rights to loans without fully disclosing the mistakes it made in borrowers' records.
These were the years of the three memoranda, or “financial-assistance programs” accompanied by “structural reforms,” enacted supposedly to promote Greek “recovery” from the slump and credit crunch of 2010. They were, in fact, a fraud perpetrated on Greece and Europe, a jumble of bad policies based on crude morality tales that catered to right-wing politics…
Defaulting on a loan typically triggers a higher interest rate – “default interest” – as one of many consequences for the borrower. The answer to that question has evolved from 1988 to the present, starting with the 9th Circuit's decision in In re Entz-White Lumber & Supply, Inc. 850 F.2d 1338, followed by the enactment…
Hey, I am all in favor of the tiny house movementif I have room for my bottle cap collection, antique banks, gumball machines, Spirograph and Battling Tops games, Santa in the manger nativity scene for the roof in December, several old copper fire extinguishers, and my father's navy memorabilia from WWII and Korea. And Myrtle's…
Jaryd Takushi, a broker associate with Kentwood City Properties, bought a home out of foreclosure for $ 90,000 in north Aurora in 2009 during the housing market crash. After major upgrades, he estimates that he could sell it for $ 340,000 today. Foreclosure News
RURAL MAINSTREET INDEX RISES FOR OCTOBER' 10% OF BANKERS EXPECTING FARM FORECLOSURES Oct. 23, 2017 Source: Creighton University news release The Creighton University Rural Mainstreet Index rose from September's reading, but remained below growth neutral, according to the latest monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or…
According to Zacks, “Great Ajax Corp. is a real estate investment trust which acquires, invests and manages a portfolio of mortgage loans secured by single- family residences and single-family properties. The company invest in loans secured by multi-family residential and commercial mixed use retail/residential properties. Foreclosure News
