News: Foreclosure

December, 28 2011

This past week we have seen the Securities and Exchange Commission initiate a civil fraud suit against former top executives at Fannie Mae and Freddie Mac with allegations...

December, 12 2011

For better or worse, those who happened to venture into the meaning and purpose of defending their homes and businesses against foreclosure may have now realized, against this overwhelming strain...

December, 5 2011

When a homeowner is faced with the indignities attendant to mortgage arrears, foreclosure worries and the very real prospects of losing a home, business...

December, 5 2011

Since the financial crisis, Fannie Mae and Freddie Mac have used over 170 billion in taxpayer money to write off bad mortgage loans they possess, and...

November, 17 2011

Many of the new callers and clients to our law firm are looking at a possible foreclosure on the mortgage of their residence, investment property or business. Debt, financial hardship and failed loan modification submissions are daily topics of client calls and office meetings.

November, 9 2011

As of October 1st, Nevada State Assembly Bill 284 took effect, charging foreclosure services with a felony and up to $5,000 for any falsified or robo-signed document.

One year ago, the Chief Judge in New York issued his order instructing those attorneys whose practice is to represent lenders in residential foreclosure actions to follow the law and act reasonably and responsibly in filing accurate papers before the residence is auctioned.

As the advertising jingle goes, ”You’re in good hands with Allstate.”   Little did Goldman Sachs realize the untimeliness of this saying and adage.

The confirmed and startling rejoinder of this swiftly moving foreclosure current by insurance companies, pension funds, charities, and large scale institutional investors with multi-million and perhaps billion dollar lawsuits against the big banks for damages resulting from the purchase of the mortgage backed bonds and securities is enormous.

August 31, 2011

According to the New York Times, the President has finally turned his gaze back upon the foreclosure crisis and is now offering another solution: a new refinance initiative.

August 19, 2011

Bank of America's stock has dropped 20% in the this month and is now looking at another $10 billion lawsuit courtesty of AIG for fraudulent MBS offers. Last week, CEO Brian Moynihan sent out the following letter to his employees

May 27, 2009

On Wednesday, the National Association of Realtors announced that the inventory of unsold homes, including townhouses and condominiums, rose to nearly 4 million in April. It also reported that...

Wednesday May 20, 2009

According to a report, which was delivered by Arizona’s Attorney General, Terry Goddard, the rate of foreclosure rescue scams has jumped to 30 percent statewide in the past few months. Because more and more individuals and families are in danger...

Wednesday, May 13, 2009

The United States Congress recently voted to pass legislation that would encourage banks to spare their homeowners from foreclosure. The bill, which is known as the Helping Families Save Their Homes Act was approved...

Wednesday April 22, 2009

A report, which was recently released by the Public Health Department of Oakland, California, draws a connection between the number of foreclosures that are occurring in the area with rising concerns about healthcare and wellness...

Thursday April 16th

In 2009, the federal Department of Housing and Urban Development declared that the city of New York was a "foreclosure fraud hot zone."