The pros, cons of buying a house in foreclosure
When a homeowner can't make his mortgage loan payments and the lender repossesses the property, the home becomes foreclosed and is typically available for sale soon after.
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ByadminAn attorney for the former owner of a commercial property on Route 1 has warned that litigation could result if an agreement is not made to return the lot and building to the businessman. The city foreclosed on the property in April 2016 when then owner Rockland Plaza LLC, and its principal owner Mark Patel…
Sunday Conversation: Pinellas Countya
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East Bay investor heads to prison for rigging foreclosure auctions during recession
ByadminA local real estate investor is going to prison for his role in a bid-rigging scheme that defrauded homeowners whose properties were foreclosed on during the height of the recession. Glenn Guillory, 61, of Windemere Diablo Realty in Walnut Creek, was sentenced in Northern California District Court to 18 months in prison, three years of…
Foreclosure order granted on DHD Ventures property in Buffalo
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CFPB News: RFIs, Mortgage Servicer Rule, California Court Upholds Judgment
ByadminIn CFPB news, Mick Mulvaney's efforts to reshape the Consumer Financial Protection Bureau continue apace with more requests for information and improvements to the mortgage servicing rule. Finally, a recent California decision affirms the Bureau's right to properly tailored civil monetary penalties and injunctive relief, albeit in the more limited forms imposed earlier by the…
City budget hearings come to end with no consensus on who deserves a tax break
ByadminCity Councilmembers raised difficult questions about tax breaks for developers at a time when costs are rising for residents at a Department of Revenue hearing on Tuesday, the last in a long series of agency appearances before the City Council. Across the political spectrum, councilmembers called on finance and revenue officials to consider reforms to…