Visiting view: Detroit’s settlement in tax foreclosure lawsuit offers hope, but fight continues
A row of dilapidated houses at Crane and Charlevoix on Detroit's east side. Eleven houses on this block have been foreclosed since 2002.
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Aurora man guilty of bank fraud
ByadminA federal jury has convicted two businessmen – including one from Aurora – on multiple bank fraud charges related to falsifying loan documents to postpone foreclosure on a parcel of land in Aurora worth nearly $ 2 million. After an eight-day trial in federal court in Chicago, a jury returned verdicts finding Kevin LeBeau, 55,…
Law deans were unaware of judge’s largesse in wrongful foreclosure case
ByadminSome law deans were surprised to learn that a federal bankruptcy judge had decided to give their schools $ 4 million each in punitive damages awarded in a California couple's wrongful foreclosure case against Bank of America. U.S. Bankruptcy Judge Christopher Klein of Sacramento awarded $ 1 million in actual damages and $ 45 million…
Workers on edge as Harden Furniture future hangs on auction
ByadminThe 174-year-old maker of high-end wood and upholstered furniture is scheduled to be sold in a foreclosure auction Wednesday. Approximately 70 of the company's 175 employees have worked at the factory on the banks of Fish Creek for more than 30 years, and many of them are nervous about what will happen to the company…
‘Buy and Bail’ or Buying One Home Before Foreclosure on Another
ByadminThis has been a noticeable phenomenon for quite a while in San Diego. I've been loath to talk about it because I didn't want to be giving fraudsters ideas. Foreclosure News
Lone Star Brewery saved from foreclosure auction
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In Alabama: Lenders Must Strictly Comply with Notice Requirements
ByadminThe Alabama Supreme Court recently released an opinion interpreting the pre-foreclosure notice requirements contained in paragraph 22 of the standard mortgage form. In short, strict compliance is required. Foreclosure News