Housing bubble or not, the real estate market is in trouble
First, some good news. Despite the meteoric rise in home prices, the real estate market hasn't ventured into housing bubble territory.
First, some good news. Despite the meteoric rise in home prices, the real estate market hasn't ventured into housing bubble territory.
A recent American Banker article speculated about financial system weaknesses that might lead to the next economic crisis. Some of the issues on the list, like student debt, seem unlikely to lead to a crisis but are more likely to re-emerge as a serious problem for the financial sector once an economic downturn occurs. Foreclosure…
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
Richard L. McCarty Jr., 35, Forest Street, Lisbon, pleaded guilty in Common Pleas Court to possession of drugs, possession of drug paraphernalia and six counts of receiving stolen property. He faces up to four years and 30 days incarceration, along with five-year licenses suspension and a $ 8,750 fine. Foreclosure News
Juanita M. Duvall, Columbiana, et al., vs. Clyde R. Hughes, Edinburg, Pa., excess $ 25,000 sought for alleged monetary loss from a trust account for which defendant was serving as the fiduciary. Roundpoint Mortgage Servicing Corp. vs. Merlin and Danielle Brown, et al., foreclosure sought for property on state Route 45, Lisbon. Foreclosure News
Anthony “Tony” Culler is starving himself in hopes the FBI will start an investigation. It's been four weeks since he started his 50-day hunger strike, and he looks to be shrinking into his clothing in videos posted online. Foreclosure News
Following news that the Department of Housing and Urban Development will see a $ 6 billion cut under President Donald Trump's proposed budget, a housing group in the state is warning of sharp losses for New Jersey's poorest cities. Housing and Community Development Network of New Jersey President Staci Berger predicted that the loss of…