In a recent opinion, the Supreme Court of Delaware held that a mortgage holder must be entitled to enforce the underlying obligation that secures the mortgage in order to foreclose on the mortgage. As a result of the court's decision in Shrewsbury v.
Many of today's borrowers, even those anticipating a smooth refinance, are having difficulty qualifying for a loan on their principal residence. Homeowners became so used to the quick turnarounds during the easy money days that they are startled, and often upset, when they can't receive the exact loan they want. Foreclosure News
Buyers who have taken home buying classes are more confident when asking questions and making decisions about homeownership and loan products. Education gives buyers the tools they need to avoid predatory lending and possible foreclosure. Foreclosure News
Each buyer is required to live in the home for five years and renovate it within the first year. Owners cannot tear the houses down or rent them out. Foreclosure News
The Obama White House's settlement deals with major banks over mortgage finance and foreclosure abuses were widely panned as paper tigers at the time they were announced, with dollar figures too small to meaningfully punish the banks' misdeeds and fine-print conditions that shrunk the penalties even further in practical terms. But now, thanks to fresh…
In a separate lawsuit , plaintiff alleged violations of the Consumer Financial Protection Bureau regulations and various state-law claims; in this lawsuit , plaintiff challenges defendants' pursuit of foreclosure while they were simultaneously offering plaintiff a loan modification. Where Whitt I was dismissed on abstention principles, there was no final judgment on the … Enter…
After the financial crisis which started around 2008, many homeowners found it necessary to give up their homes either by filing bankruptcy or letting the lender foreclosure. These actions came not only with emotion, but penalties for buying a new home. Foreclosure News
