When legislative bodies act to protect consumers from the perils of the marketplace, two of the tools they regularly use are disclosure and rescission. The idea behind disclosure is that, given enough information, people are less likely to do foolish things with their money.
Over the last few years, financial institutions have been forced to modify their policies and procedures to ensure that they are able to demonstrate compliance with notice provisions contained in residential mortgages prior to initiating foreclosure actions. Several recent decisions have addressed the issue of whether sufficient evidence was presented to establish that the creditor…
The VA loan , one of the most popular loan programs in America, was created at the end of World War II by the United States government to help returning service members buy homes. Since then, more than 22 million veterans and service members have taken advantage of this benefit to buy or refinance their…
The day after a bank foreclosed on 72-year-old Bob McCollum's home, a letter went out to the bank from the longtime carpenter's debt collector, reversing the decision. Foreclosure News
A credit score is a lot easier to digest than a credit report. You'll quickly get a sense of how you're doing, and you can investigate the causes later on. Foreclosure News
When the longtime Marine became convinced his former lender had illegally foreclosed on his Vancouver home, he didn't hesitate. He looked up Sean Riddell, his former commanding officer now practicing law in Portland, and asked if he was ready to take on one of the biggest mortgage lenders in the country. Foreclosure News
Even as rates on seriously delinquent and foreclosed mortgages nationwide track at their lowest levels in a decade, loan performance continues to slip in areas dependent on oil industry employment. Nationally, 4.6% of mortgages were in some stage of delinquency in August, according to the CoreLogic Loan Performance Insights Report. Foreclosure News
