Detroit battles tax penalties that create city of renters
“We haven't seen this many tax foreclosures in American history since the Great Depression,” says one scholar, regarding Detroit. Yet some signs of hope are emerging.
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The Revolving Door and the Assault on Community Reinvestment
ByadminHow conflicts of interest on the part of a senior banking regulator, Joseph Otting, help explain why the Community Reinvestment Act is on the chopping block. Joseph Otting, Comptroller of the Currency, prepares to testify during a House Financial Services Committee hearing in Rayburn Building in Washington. Foreclosure News
The “Tourte” of a Real Estate Investment
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Herea s why the FHA has stopped lending on homes with energy-efficient PACE liens
ByadminWe bought our home in 2015 with a Federal Housing Administration loan, and then added a new solar-panel system and made some other energy-saving improvements with a PACE loan earlier this year. Now, we've heard that the FHA will no longer insure mortgages that have a PACE assessment. Foreclosure News
Judge resists erasing foreclosure ruling
ByadminA judge who imposed a $ 45 million penalty on Bank of America Corp. over a foreclosure on a California couple still isn't ready to forget the case he described as a “Kafkaesque nightmare.” U.S. Bankruptcy Judge Christopher Klein voiced exasperation Wednesday as the bank sought for the third time to win his approval of…
Negotiability of HELOC Notes under Florida Law
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