As we've reported, the project's legal troubles have led up to a bankruptcy hearing this week, where a federal judge ruling placed the project officially in Chapter 11 bankruptcy. Now in Chapter 11, all plans to build a water-front, resort-like experience on Padre Island are officially on hold.
More Americans were keeping up with their mortgages at the beginning of 2017 but the number of foreclosures is also on the rise, a government report said on Thursday. The Office of the Comptroller of the Currency said that 95.6 percent of first-lien mortgages were current or performing in the first quarter, up from 94.7…
The Bipartisan Budget Act of 2018 was the spending bill passed in February to prevent a federal government shutdown. While the bill targeted federal spending, it also extended 30 tax breaks and provisions. Foreclosure News
The state of Michigan recently enacted House Bill No. 4470 that amends the provisions of Michigan statutes relating to foreclosure by advertisement, specifically MCLS 600.3204 and 600.5807. Foreclosure News
In South Carolina, 5,431 homes were in some stage of the foreclosure process during the first quarter, ending March 31, equating to one in every 400 homes, according to a report from Attom Data Solutions . The state's foreclosure total in the first quarter was down about 5% from the fourth quarter of 2016 and…
He joined the firm's creditors' rights practice in 1989 and offers nearly 30 years of experience in that practice area. His representation of individual and corporate clients has covered a broad range of collection and transactional scenarios, including those involving bankruptcies, foreclosures, restructures and recoveries. Foreclosure News
A Democratic member of the Senate Banking Committee is calling on Wells Fargo to explain a mistake that led to hundreds of customers being denied mortgage adjustments, leading many to lose their homes to foreclosure. On Friday, Wells Fargo disclosed a software mistake that miscalculated eligibility for loan modifications, causing roughly 625 homeowners to be…
