Buying Homes at Foreclosure Sales? Better Pay with Real Money – Santa monica Observed

Santa monica Observed Buying Homes at Foreclosure Sales? Better Pay with Real MoneySanta monica ObservedCommonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its […]

Ohio Enacts Foreclosure Reform Law – Lexology (registration)

Ohio Enacts Foreclosure Reform LawLexology (registration)If the property is found to be vacant and abandoned by the court, a mortgagee may enter the property to secure it and protect it from damage provided that the mortgage provides for such an entry. ORC 2308.03. Once a … ORC 2329.071. Adopts the Uniform … how to sell […]

What Happened When the FBI Investigated Foreclosure Fraud in Florida – VICE

What Happened When the FBI Investigated Foreclosure Fraud in FloridaVICE"The guy running the Jacksonville desk must sell it to the unit chief," said David Gomez, a retired FBI agent with the Center for Cyber and Homeland Security at George Washington University. "The unit chief is fighting with other … As recently as the …and more » […]

Review—Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud – Daily Kos

Daily Kos Review—Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure FraudDaily KosIt's good faith on both sides—on the bank's that the customer will pay them back, and on the customer's that the bank will hold that loan, apply payments to the loan, and notify the customer if that loan is sold […]

Bankers ask judge to disregard $5.4 million foreclosure verdict – Houston Chronicle

Houston Chronicle Bankers ask judge to disregard $ 5.4 million foreclosure verdictHouston ChronicleBut because they couldn't get a clear title, the couple couldn't sell their 1950s ranch-style house on Buffalo Speedway. "When you file documents in deed records, you have … Mortgage note. While the jury determined that Wells Fargo does not own the … […]

Lenders ask court to toss foreclosure verdict favoring homeowners – Houston Chronicle

Houston Chronicle Lenders ask court to toss foreclosure verdict favoring homeownersHouston ChronicleThe jury found that neither Wells Fargo nor Carrington owns the mortgage note, but also held that the Wolfs owe $ 655,000 on the note. In their filings this week, Wells Fargo and Carrington point out that they hold the note and that in […]

Foreclosure executed by LeFeat – Auburn Villager

Foreclosure executed by LeFeatAuburn VillagerIn order to secure payment of said note, AARON MICHAEL LEFEAT and SHANAN NICHOLE LEFEAT executed and delivered unto MICHAEL D. DUBOSE and TERESIA D. DUBOSE, a mortgage deed dated June 29, 2012 and having been recorded in the … MICHAEL D. DUBOSE and … how to sell mortgage note – […]

Jury awards $5.4 million to couple after finding fraud in foreclosure case – Houston Chronicle

Houston Chronicle Jury awards $ 5.4 million to couple after finding fraud in foreclosure caseHouston ChronicleWells Fargo also argued the Wolfs do not have legal standing to contest whether their note and deed of trust were handled correctly under the trusts' pooling and servicing agreements. The mortgage industry has used that argument successfully in … […]

Shop Talk: Ruling creates loophole that can lead to foreclosure mediation denial – Yakima Herald-Republic

Shop Talk: Ruling creates loophole that can lead to foreclosure mediation denialYakima Herald-RepublicWith a few exceptions, most financial institutions sell their mortgages; many are sold to Freddie Mac and Fannie Mae. The two government-sponsored … “The owner and the holder of the note can be sometimes two different parties,” Bruch said. Meanwhile … how to […]