Plaintiff's claims arise out of defendants' alleged offering of a loan modification while defendants, without giving further notice to plaintiff, continued to pursue a foreclosure action. Although plaintiff's claims involve important state interests, since plaintiff seeks only monetary damages, the court cannot dismiss plaintiff's claims under Younger v. Foreclosure News
If government-sponsored enterprise reform leads to the 30-year mortgage's demise, homebuyers' monthly payments could soar by $ 400, Zillow estimated. But lenders aren't convinced this housing finance staple is in danger of being replaced. Foreclosure News
Carrie Roman , a Bilingual Housing Counselor, helps Jose Portillo, of Brentwood, finalize his loan modification paperwork at the Long Island Housing Partnership, Inc., in Hauppauge on Feb. 5, 2018. Photo Credit: Jessica Rotkiewicz New York State has taken over 92 distressed mortgages on Long Island to help homeowners avoid foreclosure and prevent homes from […]
February 7, 2018 – Governor Andrew M. Cuomo today announced the state's Community Restoration Fund has purchased 172 mortgages in a strategic effort to bring owners in targeted communities out of foreclosure and keep the homes from abandonment. The Community Restoration Fund has helped strengthen the financial position of homeowners, bringing stability back to the […]
A recent decision of the Supreme Judicial Court of Massachusetts highlights the importance of using clear and unambiguous remedy provisions in residential mortgages and deeds of trust. James B. Nutter & Co. Foreclosure News
Five months after Hurricane Harvey damaged thousands of houses in Te… . Jacob Lerma looks up at the mold growing on the ceiling of his home, which was damaged by floodwaters from Hurricane Harvey, Monday, Jan. 22, 2018, in Friendswood, Texas. Foreclosure News
As Jacob Lerma surveyed the skeletal beams of his suburban Houston home that was flooded during Hurricane Harvey, he kept muttering three words as he wondered if his family would ever be able to move back in: “I don't know.” Like many Texans whose homes were flooded during Harvey, Lerma faces mounting expenses and hasn't […]
Jacob Lerma looks at the bare studs inside his home, which was damaged by floodwaters from Hurricane Harvey, Monday, Jan. 22, 2018, in Friendswood, Texas. Five months after Hurricane Harvey damaged thousands of houses in Texas, financial difficulties many homeowners still face as they work to rebuild has created a spike in missed mortgage payments. […]
Several housing authorities recently suggested changes to the form and operation of the Home Equity Conversion Mortgage program, more commonly known as reverse mortgages. The program, administered by the FHA, serves homeowners over the age of 62, allowing them to draw on their home equity while remaining in their homes. Foreclosure News
Here are the facts: Reverse mortgages are loans offered to homeowners who are 62 or older who have equity in their homes. The loan programs allow borrowers to defer payment on the loans until they pass away, sell the home, or move out. Foreclosure News