Fannie Mae and Freddie Mac will suspend the evictions of foreclosed single-family properties during the holiday season, according to the government-sponsored enterprises. The suspension of evictions will apply to single-family and two-to-four unit properties between Dec. 18 and Jan. 2 for both GSEs.
A New York lawyer has been sentenced to up to four years in prison in an alleged $ 2.3 million short-sale mortgage fraud scheme. Helene Stetch, 53, of Lindenhurst, was sentenced Wednesday to a prison term of 16 months to four years, according to a press release and Newsday . Foreclosure News
Jose Aguilar was shocked, but also angry, when he received a letter of apology earlier this fall from Wells Fargo. Aguilar and his family lost their home in Chittenango, N.Y., in 2015 after trying time and again to get a mortgage modification from Wells. Foreclosure News
From Freddie Mac's weekly survey: The 30-year fixed rate averaged 3.88 percent, three basis points better than last week's 3.91 percent. The 15-year fixed averaged 3.19 percent, two basis points better than last week's 3.21 percent. Foreclosure News
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…
Gloria Turano thought she'd be living on Skillman Avenue when she died, in the ranch home her late husband Louis built for them in 1953. She never wanted to leave it, and the decades of memories of raising a family it holds for her. Foreclosure News
The bank that owns a troublesome vacant six-unit apartment building on Ten Eyck Street will not pursue a use variance to convert it back to an apartment building. In a letter last week, Joshua S. Werbeck, the lawyer for Banco Popular of North America, New York City, notified city officials that the bank was withdrawing…
