On June 19, 2018, in HH Cincinnati Textile L.P. v. Acres Capital Servicing LLC, the Supreme Court of the State of New York refused to issue a preliminary injunction to prevent the foreclosure sale of the equity interests in two borrowers under Article 9 of the Uniform Commercial Code .
The city of Portland took steps this week to foreclose on four severely ramshackle homes that had been allowed to degrade for years. The move is intended in large part to relieve long-suffering neighbors from living near unsafe, abandoned homes. Foreclosure News
Coequal Liens : trial court properly authorized tax collector to issue tax certificates subject to community development district's assessment liens Villages of Avignon Community Dev. Dist. Foreclosure News
This is how it works at City Hall. The city gives a mixture of city money and federal money to a community group to build affordable housing. Foreclosure News
Wells Fargo & Co., already the target of mortgage discrimination lawsuits filed by the cities of Philadelphia, Oakland and Miami, is facing a similar lawsuit filed this week by Sacramento. Sacramento has joined Oakland, Philadelphia and other cities in suing Wells Fargo & Co. Foreclosure News
In July 2006, the Mortgage Insurance Companies of America, a now-defunct trade group, sent a letter to the Federal Reserve and other bank regulators. “[We] are deeply concerned about the potential contagion effect from poorly underwritten or unsuitable mortgages and home-equity loans,” wrote Suzanne Hutchinson, the group's executive vice president. Foreclosure News
In 2017, Middle Township Committee took steps to require registration of abandoned properties. Once a list was formed fees came due while a property remained on the list. Foreclosure News
