A computer error is being blamed for putting Baltimore's baseball and NFL stadium into a tax sale queue, the city says. The unusual circumstances could have exposed Camden Yards and M&T Bank Stadium to possible foreclosure from winners of a tax sale of less than $ 70,000 in debt. Foreclosure News
Experienced tax collectors and treasurers know that mortgage holders and unassessed owners of record have the right to receive copies of certain notices during the tax lien foreclosure process. But what are these entities' precise rights, and how can towns and cities address the statutory requirements without spending tons of time doing title searches? A […]
The Nevada Supreme Court perpetuated an absurd injustice last week when it decided that property rights and due process don't apply to mortgage lenders. The justices ruled in favor of a speculator who in 2013 claimed clear title to a Las Vegas property by simply paying off $ 6,900 in back HOA dues despite the […]
A law firm's letter, warning that a lien would be recorded against a woman's home if she failed to pay her annual homeowners association fees, is not exempt from the Fair Debt Collection Practices Act as an attempt to perfect a security interest, the Ninth Circuit has held in Mashiri v. Epsten, Grinnell & Howell […]
We previously reported on the Nevada Supreme Court's decision in SFR Investments Pool 1, LLC. v. U.S. Bank, N.A. , holding that a homeowners association lien is a true super-priority lien that upon foreclosure extinguishes a first deed of trust. Foreclosure News
In December 2015, the Rhode Island Supreme Court issued an opinion holding that Rhode Island's Uniform Condominium Act provides a true “super-priority” lien to condominium owner associations when a condominium owner is delinquent in paying the COA assessments. This super-priority lien – applicable to condo association liens only – takes priority over a lender's first […]
The ruling confirms the right of MERS as beneficiary, to notice of a lawsuit under the United States and Texas Constitutions. MERSCORP runs a private database of mortgage liens for use within the industry. Foreclosure News
A second tax lien sale has generated an additional $ 593,888 immediately for Columbiana County from about 400 people and businesses who chose to pay up rather than have their properties sold to a collection agency. The results were announced by Columbiana County Treasurer Linda Bolon, who launched the county’s first-ever tax lien sale last […]
We have reported before on a decision last fall from Nevada’s Supreme Court holding that a homeowners association lien is a true super-priority lien that, if foreclosed upon, extinguishes a first deed of trust. Lenders around the country have been affected by the decision, and we have continued to follow its aftermath, including passage of […]