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 Trust National Association v.
As housing prices continue to climb and the unemployment rate continues to fall, the number of homeowners in the Manatee-Sarasota, Fla., region in danger of falling into foreclosure remains on the decline. According to the latest Loan Performance Insights report from data provider CoreLogic, 0.8% of homes in the two-county area were in foreclosure in…
My life was in a downward spiral. I was going through home foreclosure; I was incapacitated from a car accident, where I lost my car and then I lost my job. Foreclosure News
Mortgage foreclosure filings decreased 16.5% in Luzerne County, Pa., last year, and year-to-date figures indicate the decline may continue in 2018, according to new statistics from the county sheriff's office. A total 659 mortgage default actions were filed in the county last year, compared to 789 in 2016, said Ryan Foy, who oversees foreclosure sales…
A bipartisan group of United States senators wants federal housing agencies to extend a moratorium on foreclosures in Puerto Rico into 2019 after the devastation on the island and a big surge in mortgage delinquencies . The four senators said in a letter on Friday that a longer moratorium was needed because large swaths of…
Real estate auctions in the Berkshires often bring bargain-hungry investors. But those who buy and “flip” properties are likely to take a pass Tuesday, when 40 foreclosures come up for sale at a Pittsfield lawyer's office. Foreclosure News
Paul Volcker, the former chairman of the Federal Reserve, once quipped that the ATM was “the only useful innovation in banking for the past 20 years.” Today's regulators, especially ones taken with the new fintech industry, would do well to remember that new doesn't necessarily mean better for most people. Foreclosure News
