In Milone v. US Bank, N.A. , a New York intermediate appellate court held that a letter to a borrower stating that the failure to cure a mortgage loan default “will result in acceleration” does not start the clock on the statute of limitations to foreclose and recover the entire debt.
Montville – Town officials are proposing to tighten an outdated tax collection policy by enforcing quicker payment of overdue taxes. Currently, the town sends demand notices to homeowners a month after tax bills become late but doesn't issue warnings that attorneys could start foreclosure proceedings until after two years of nonpayment. Foreclosure News
The Toledo, Ohio, home foreclosure rate continues to drop, as the market approaches normalcy after being battered during the economic crisis. For the first half of the year, 1,264 properties were in the foreclosure process, a 16% reduction from the same time in 2016, when 1,506 housing units were in some stage of foreclosure, according…
Reverse mortgages are a popular way for seniors to access needed funds. In a reverse mortgage, you are, in essence, incrementally selling your home back to a lender with the proceeds set up as a line of credit. Foreclosure News
According to state and city officials, “The Isaiah Project” is just what the city needs, as it reaches out to residents who want to become homeowners in south and west Jackson. Green plants and landscaping adorn a house in the 2400 block of Coronet Place in south Jackson, preparing to welcome its new owners. Foreclosure…
Buildings numbered 4 and 5 in Greenspoint Place are shown Friday, June 24, 2016, in Houston. Buildings numbered 4 and 5 in Greenspoint Place are shown Friday, June 24, 2016, in Houston. Foreclosure News
These were the years of the three memoranda, or “financial-assistance programs” accompanied by “structural reforms,” enacted supposedly to promote Greek “recovery” from the slump and credit crunch of 2010. They were, in fact, a fraud perpetrated on Greece and Europe, a jumble of bad policies based on crude morality tales that catered to right-wing politics…
