Every first year law student has learned about adverse possession while in law school. Most of them, maybe only momentarily, had thoughts of grandeur. Thoughts of “owning” a beautiful piece of property for doing nothing more than trespassing, paying some taxes, and making themselves at home. Read the rest of this entry
Recall from previous blogs, that the deadline to file a claim under the National Mortgage Settlement Fund is Friday, January 18th, 2013. If your loan meets the minimum requirements below, then you may be eligible to recover money for the wrongful foreclosure of your home. Read the rest of this entry
Fannie Mae & Freddie Mac: No foreclosures for the holidays
Mortgage giants Fannie Mae and Freddie Mac recently announced that they will temporarily halt all bank repossessions and evictions beginning in mid-December until Jan. 2, 2013. Well, isn’t this nice of them! Part of me wants to say thank you and another part of me wants to roll my eyes. Although this may be welcome news to those going through the foreclosure process, in my opinion this is just their way of creating “good publicity” masking the fact that due to employee vacations, etc. they just can’t get it all done in time! Read the rest of this entry
Bogus letters result in $10 million in losses
Local homeowners and title insurance companies are being warned about possible mortgage fraud that involves bogus short sale approval letters from Bank of America.
Attorneys’ Title Fund Services, one of the largest title insurance underwriters in Florida, sent an alert last week, saying scammers are mimicking the lending giant’s approval letters, including similar language and the bank’s logo. Read the rest of this entry
In the last couple of weeks, we have been discussing the Mortgage Fraud Settlement that was struck with the biggest Lenders in the U.S… Because of its importance and current relevance, I will further the discussion today by pointing out some of the recent issues that have been developing. Read the rest of this entry