Shortening foreclosure will help in fight against ‘zombie’ homes
Vacant and deteriorating homes are the bedbugs of neighborhoods. They suck the lifeblood out of what were once strong communities and start to break down the pride of residents.
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Billionaire’s Row tower developer loses bid to stave off foreclosure
Byadmin
An obscure real estate investor who poured $ 66 million into an ultraluxury condo tower rising on Billionaire's Row has lost a last-gasp attempt to hold onto his stake in the project. A New York state appellate court rejected a request for a restraining order by Richard Bianco's firm AmBase to block a foreclosure by…
ABA president urges House to help prevent elder abuse
ABA Journal Daily News
City’s Judicial District Must Now Defend Its Forfeiture Practices
Byadmin
MEMBERS of “The Families of Phila.” have cause to celebrate. A federal judge has ordered our local courts to answer charges levied against it by Phila. Foreclosure News
These cities saw the biggest rebound in home prices after the Great Recession
Byadmin
When the Great Recession hit, the unemployment rate in Modesto, Calif., hit a staggering 17.5%. The city, which was known for its agricultural industry and for being the home of Gallo Winery, the largest exporter of California wines, had the third highest foreclosure rate in the country in 2010 . Foreclosure News
New York Court Slams Door on Lender’s Revocation of Acceleration…
Byadmin
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…