A House committee plans to vote this week on legislation to speed up foreclosures of abandoned properties as anti-blight advocates announce priorities for the legislative session. The Urban Affairs Committee meets Tuesday on a bill to institute a “fast track” foreclosure process for derelict properties now used in eight states.
Joel Kurth is the Detroit Editor for Bridge Magazine. Along with Mike Wilkinson and Laura Herberg, he's been digging into how Wayne County is fattening its coffers through home foreclosures. Foreclosure News
In a foreclosure action, the Illinois Appellate Court recently held that the foreclosing lender established its standing by attaching the blank-indorsed note to its complaint, but reversed judgment and remanded for the trial court to determine if a letter required by the Secretary of Housing and Urban Development regulations was actually dispatched. In U.S. Bank…
The county treasurer's office says the app accepts credit cards or checks and also will allow people to make payment plan installments. The app can be downloaded via smartphones. Foreclosure News
The Chief Paduke American Legion Post 31 is facing financial difficulties, including the pending foreclosure on its property at 425 Legion Drive in Paducah. Foreclosure News
Two entities that purchase liens on tax delinquent properties are suing four towns and the company that administers the registry. Two years ago, the county partnered with Community Champions Corp. to establish a database of abandoned and vacant properties in an effort to hold owners of properties — or mortgage holders — accountable for upkeep…
Workers from Solar City install photovoltaic panels on the roof of a house on Dec. 9, 2013, in San Leandro, Calif. The company, owned by Tesla, relies on monthly payments from solar panel customers. Foreclosure News
