After years of being ravaged by property tax foreclosures that claimed more than one in three city homes, Detroit will see fewer than 5,000 properties go to the annual Wayne County tax auction this fall. The county announced preliminary 2018 tax foreclosure numbers Friday.
A series of cases decided by the federal district court in Chicago holds that a properly perfected secured creditor can waive its right of priority in collateral in favor of a judgment lien creditor if it fails to properly act against its collateral following a borrower's default. Typically a secured creditor attains perfected status and…
Foreclosures, short sales and other troubled properties continue to dwindle in central Ohio, according to a report from the Columbus Realtors trade group. The report shows that during the second quarter of this year, 324 central Ohio home sales were “lender mediated” properties, down from 507 a year earlier. Foreclosure News
This boarded-up mansion has no electricity, heat or air-conditioning, but that hasn't stopped hundreds of the old girl's fans from streaming to Howey-in-the-Hills when they heard the news: She's on the market. The creepy, abandoned 20-room house has been tied up in foreclosure since 2008. Foreclosure News
Lenders pursuing foreclosure of residential properties in California must satisfy the requirements of the California Homeowner Bill of Rights , set forth at Cal. Civ. Code Sections 2920, et seq . Foreclosure News
Military veterans may not realize that one of the benefits available to them is being able to buy a home without requiring a down payment. The Veterans Administration Home Loan Guarantee Program allows a veteran to buy a home priced up to $ 679,650 in Santa Cruz County without a down payment and without the…
The Sixth Circuit held that the law firm's pursuit of a post-foreclosure eviction action did not violate the FDCPA. The court found that after a debt has been extinguished in a foreclosure sale, “there no longer exists a debt to enforce, and any post-foreclosure activity cannot be considered debt collection.” Foreclosure News
