Archives

WASHINGTON, D.C. - February 10, 2015 - (RealEstateRama) -- The Justice Department announced today that under its settlements with five of the nation’s largest mortgage servicers, 952 service members and their co-borrowers are eligible to receive over $123 million for non-judicial foreclosures that violated the Servicemembers Civil Relief Act (SCRA).  The five mortgage servicers are JP Morgan Chase Bank N.A. (JP Morgan Chase); Wells Fargo Bank N.A. and Wells Fargo & Co. (Wells Fargo); Citi Residential Lending Inc., Citibank, NA and CitiMortgage Inc. (Citi); GMAC Mortgage, LLC, Ally Financial Inc. and Residential Capital LLC (GMAC Mortgage); and BAC Home Loans Servicing LP formerly known as Countrywide Home Loans Servicing LP (Bank of America)

WASHINGTON, D.C. - January 21, 2015 - (RealEstateRama) -- Wow an entire day with Sue Nelson exploring step by step how to do her business from start to finish. You would be crazy to miss that opportunity, and you can bet we will be there!

BOSTON - January 20, 2015 - (RealEstateRama) -- Four national banks agreed to pay a total of $2.7 million and undertake obligations to facilitate the repair of defective property titles, resolving claims that they unlawfully foreclosed on properties in Massachusetts when they did not hold the mortgages, Attorney General Martha Coakley announced today

Reston, Virginia, - January 14, 2015 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the Court of Appeals of Tennessee at Jackson ruled that under applicable Tennessee law, MERS is a “party interested” in the foreclosure of a senior mortgage lien, and that the trustee who conducted a nonjudicial foreclosure of the senior lien was liable to MERS for damages resulting from the breach of her “affirmative duty to identify MERS as an interested party in the notice of foreclosure sale.” In reaching its decision, the Court recognized MERS’ interest in the junior lien as owner of legal title to the security interest and beneficiary of a recorded deed of trust

WASHINGTON, D.C. - December 25, 2014 - (RealEstateRama) -- A Northern California real estate investor pleaded guilty for his role in bid rigging and fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

DENVER - December 23, 2014 - (RealEstateRama) -- Colorado Attorney General John Suthers today announced civil law enforcement actions against foreclosure law firms Robert J. Hopp & Associates and The Hopp Law Firm, including its principal Robert Hopp and affiliated title company National Title, and The Vaden Law Firm, including its principal Wayne Vaden and affiliated title company City Park Title. The firms and their affiliated businesses are accused of inflating foreclosure costs charged to homeowners and others in violation of the Colorado Consumer Protection Act and the Colorado Fair Debt Collection Practices Act.

LANSING - December 12, 2014 - (RealEstateRama) -- The Michigan Senate unanimously passed Senate Bill 295 today, legislation sponsored by Senate Minority Floor Leader Tupac A. Hunter (D-Detroit) that is designed to improve neighborhoods and reduce blight by banning certain landowners with delinquent blight fines from bidding in county tax foreclosure auctions.

WASHINGTON, D.C. - December 11, 2014 - (RealEstateRama) -- Fannie Mae and Freddie Mac announced they plan to suspend evictions on foreclosed single-family properties nationwide during the holidays, from December 17, 2014 through January 2, 2015. Legal and administrative proceedings for evictions may continue, as well as pre-foreclosure activities, but families who are living in foreclosed homes will be allowed to remain in their homes during that time. The foreclosure moratorium applies to all foreclosed occupied single-family homes as well as properties with two to four units that have mortgages owned or guaranteed by Freddie Mac.

Reston, Virginia, - September 2, 2014 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the Superior Court of Pennsylvania affirmed the trial court’s granting of summary judgment in favor of the foreclosing mortgage holder and rejected the appellant’s wrongful foreclosure claims

Bowling Green, KY - August 22, 2014 - (RealEstateRama) -- One of the best real estate agents in Warren County Kentucky, Greg Raymer of Raymer Real Estate Services (www.sokyhomehub.com), is helping distressed homeowners in Bowling Green, Kentucky avoid foreclosure and is making the American dream of homeownership a reality for thousands of Kentucky residents.

WASHINGTON, D.C. - August 21, 2014 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Steve Brown:

Reston, Virginia, - July 18, 2014 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the Court of Appeal of the State of California Second Appellate District affirmed the trial court’s order dismissing a wrongful foreclosure lawsuit.

WASHINGTON, D.C. - July 18, 2014 - (RealEstateRama) -- Nationwide housing production fell 9.3 percent to a seasonally adjusted annual rate of 893,000 units in June, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The drop was due primarily to a nearly 30 percent decline in the South. All other regions posted monthly gains

WASHINGTON - July 11, 2014 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the June edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show progress among key indicators, including growing equity and a rebound in the sale of new and existing homes. While this scorecard notes positive overall trends in the housing market, officials caution that more work needs to be done as the economy recovers from the Great Recession.

Reston, Virginia - June 23, 2014 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the Court of Appeal of the State of California Second Appellate District affirmed the dismissal of the plaintiff’s complaint, holding that California does not permit a preemptive challenge to the authority of a foreclosing party. Additionally, it ruled that a borrower lacks standing to challenge an assignment.

WASHINGTON, D.C. - June 18, 2014 - (RealEstateRama) -- The Justice Department, Department of Housing and Urban Development (HUD), and the Consumer Financial Protection Bureau (CFPB), along with 49 state attorneys general and the District of Columbia’s attorney general have reached a $968 million agreement with SunTrust Mortgage Inc. (SunTrust) to address mortgage origination, servicing, and foreclosure abuses.

Washington, DC - June 17, 2014 - (RealEstateRama) -- National Homeownership Month is the ideal time to remind Americans that owning a home represents much more than a mortgage. Tia Early, the National Foundation for Credit Counseling® (NFCC) Professional Achievement and Counseling Excellence (PACE) Housing Client of the Year, is the picture of what a mother will do to provide a home for her son, redefining perseverance along the way.

OLYMPIA - May 28, 2014 - (RealEstateRama) -- The foreclosure crisis is anything but “over” for thousands of Washington families. Though the number of foreclosures is gradually decreasing, data from the Mortgage Bankers Association showed more than 25,000 homes in the foreclosure process at the end of 2013. Those numbers represent real people, real families, who are struggling to make ends meet — some who are facing homelessness.

WASHINGTON, D.C. - May 28, 2014 - (RealEstateRama) -- The Federal Trade Commission, through an administrator, is mailing checks totaling nearly $3 million to over 6,300 consumers who were victims of a mortgage relief scheme. Using names such as Prime Legal Plans and Reaching U Network, the defendants allegedly made false promises that they could help consumers save their homes from foreclosure or lower their mortgage payments

Reston, Virginia, - May 26, 2014 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a three-judge panel of the United States Court of Appeals for the Fifth Circuit ruled in favor of BAC Home Loans Servicing, L.P. (BAC) and Fannie Mae, affirming a lower court’s decision dismissing claims of wrongful foreclosure.