When you're searching for a new home and want to find a bargain, a foreclosed home seems like a great option. You know that foreclosures are typically sold for less than market value; but what you might not know is there are many challenges that can come with a foreclosed home.
The two government-sponsored mortgage giants announced Monday that their annual eviction moratorium will run from December 17 through January 2. While mortgage servicers and lenders may still engage in legal activities related to foreclosure, affected families won't be locked out of the homes. This step should bring “a greater measure of certainty,” Freddie said in…
Recently, a federal court dismissed a case against a law firm that initiated foreclosure proceedings on the plaintiff's property, applying Florida's litigation privilege and because the complaint failed to adequately allege causes of action for malicious prosecution and violations of the FDCPA. A foreclosure action was initiated against the plaintiff by their reverse mortgage servicer,…
The University of Massachusetts is selling 20 acres of land near its Boston campus, hoping the sale can help the school's pressing financial needs. Foreclosure News
The general contractor in the renovation of Wall Street Theater in Norwalk, Conn., has filed a motion in court seeking to collect on a mechanic's lien. The Morganti Group Inc. of Danbury, which began work in May 2016, filed a mechanic's lien in the amount of $ 1.5 million in April 2017 and increased it…
Jacob Inwald of Legal Services NYC writes: Important changes governing pre-foreclosure notices and settlement conferences for reverse mortgages were signed into law on April 20, 2017, requiring 90-day pre-foreclosure notices in all reverse mortgage foreclosures and requiring settlement conferences in many reverse mortgage cases. Foreclosure News
Nobody likes to see an abandoned hospital. For residents of Patrick County, having no hospital means at least a 35 mile drive to either Martinsville or Rocky Mount for treatment. Foreclosure News
