Federal District Court Pumps the Brakes on Borrower’s…
On December 11, 2017, Locke Lord obtained a dismissal with prejudice of a punitive class action. In Leones v.
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Counselor helps homeowners hold on
ByadminGood news on the foreclosure front elsewhere in Massachusetts is pinching a Berkshire County program. Brad Gordon, executive director of the Berkshire County Regional Housing Authority, said that as the number of new foreclosure petitions falls in Massachusetts, less money is available to support efforts to advise struggling borrowers. Foreclosure News
Americans have once again taken on record debt loads
ByadminAfter deleveraging in the aftermath of the last U.S. recession, Americans have once again taken on record debt loads that risk holding back the world's largest economy. Household debt outstanding – everything from mortgages to credit cards to car loans – reached $ 12.7 trillion in the first quarter, surpassing the previous peak in 2008…
Developer of Sioux City building files for bankruptcy
ByadminA California-based developer of a 12-story historic art deco building in downtown Sioux City has filed for bankruptcy protection, indefinitely delaying an effort by an eastern Iowa bank to foreclose on it. Mako One Corp., of Carlsbad, California, has notified the court that it's filing a Chapter 11 petition in U.S. Bankruptcy Court in the…
Amsterdam earns revenue through foreclosure process
ByadminDozens of Amsterdam property owners have paid off back taxes and penalties leading up to the city's foreclosure auction later this year, with excess revenue helping offset expenses. Amsterdam Common Council members approved three resolutions last week amending the current budget to increase the controller's office revenue lines approximately $ 90,000 to offset expenses exceeding…
A Gift From Fannie/Freddie – Evictions Suspended for the Holidays
ByadminBoth Freddie Mac and Fannie Mae have announced the suspension of eviction lockouts for single-family and two- to four-unit properties for the holiday season. The moratorium will begin December 17 and end January 2. Fannie Mae said it will allow legal and administrative proceeding for evictions to proceed during the 16-day period, but families will…