The State of New York's Appellate Division for the Second Department has now addressed the issue of whether a lender's voluntary discontinuance of a judicial foreclosure action, whether by court order or stipulation of the parties, is sufficient evidence of a lender's intent to revoke the acceleration of the entire mortgage debt. Unfortunately for mortgage lenders, the court determined voluntary discontinuance is not sufficient.
Photo provided A swimming pool is among the luxury items located at the Bull Valley home previously belonging to David A. Soskin, 43, and his fiancA©e, Jamie M. Lee, 26. H. Rick Bamman file photo – [email protected] The McHenry County Sheriff's Office seized property at 1001 and 1005 N. Cherry Valley Road, Bull Valley, in…
Cyprus has to further bring down its high NPLs ratio and its bulging public and private debt, the International Monetary Fund Executive board concluded after its consultation with Cypriot authorities. “Private and public debt remain large while NPL ratios are still among the highest in Europe. Foreclosure News
Fannie Mae has expanded the menu of post-disaster services it is offering to its borrowers. The new services are in addition to the up to 12 months of forbearance, waived fees, and temporary foreclosure moratorium that Freddie Mac and Fannie Mae traditionally offer in the wake of hurricanes, wildfires, and other disasters. Foreclosure News
U.S. President Donald Trump plans to nominate Joseph Otting, a former banking executive and associate of Treasury Secretary Steve Mnuchin, to regulate national banks as comptroller of the currency, the White House said in a statement on Monday. The Office of the Comptroller of the Currency writes money-laundering rules and bank charters and is one…
When Lageshia Moore and her husband found their home in 2006, they thought it would be a perfect place to raise their family. The $ 549,000 Far Rockaway, N.Y., duplex even had future income potential if they could find a reliable tenant and rent out one half of the house. Foreclosure News
Bottom Right Default State Name: Delaware State Name underscore: Delaware State Name dash: Delaware State Name lower underscore: delaware State Name lower dash: delaware State Name lower: delaware State Abbreviation: DE State Abbreviation Lower: de It is a continuously updated stream of news from around the web Visit throughout the day for the latest breaking…
