Timothy W. Burke was sentenced in Hartford today to nine years in federal prison for defrauding distressed homeowners, and tax evasion. Burke, who used multiple names to hide his true identity and criminal record from his victims, will also have three years of supervised release.
One of the things that impact servicing values is foreclosure laws, and rates, in certain states. Foreclosures have dropped, thankfully the number of borrowers in trouble has dropped, but certain loan vintages, and certain states, are seeing an increase in early signs that some post-recession loan vintages are defaulting at a slightly elevated rate, a…
A recent Minnesota Court of Appeals ruling served as a stiff reminder to investor-purchasers of condominium units: request of association resale disclosure certificates should be undertaken as a matter of course Wis. Stat. Foreclosure News
Outside Detroit, plans have been in the works for two years to transform the outdated Lakeside Mall into an open-air center with green space and a waterway. With the property in foreclosure and its ownership in limbo, the blueprints will have to be flexible. Foreclosure News
Applying for a mortgage can be a daunting process for new homebuyers. The best way to prepare for it is to know exactly what lenders want from you — as well as what they don't want. Foreclosure News
The Department of Labor and Workforce Development is making it easier to track Alaska's recession with a monthly publication that gathers key economic data all in one place, so you don't have to. The latest issue of Alaska Economic Trends , available through the department's website, includes statistics on job growth, unemployment, foreclosures, wages and…
Trump administration officials have made clear their intent to reexamine how Federal Housing Administration lenders are cited under the False Claims Act, but whether that means lenders can rest any easier is still an open question. Housing and Urban Development Secretary Ben Carson multiple times has echoed lenders' concerns that the government has used the…
