Foreclosures Rates have declined nationwide. The number of completed foreclosures (that is, the “total number of homes actually lost”) has fallen nationwide from 72,000 in November 2011 to 55,000 … [Read more...]
Can You Stop a Foreclosure From Happening?
March 8, 2013 By
Foreclosure is a broadly used term to describe various processes that share a common purpose – the changing rights between a lender and a borrower. Like so much of modern American law, the … [Read more...]
Major U.S. Banks Sued for Mortgage Fraud
November 9, 2012 By Leave a Comment
As was recently reported by CNN Money, Bank of America, one of the nation’s largest mortgage lenders, has been sued by the United States Department of Justice for mortgage fraud According to the … [Read more...]
What are Borrowers Options When They Are Unable to Pay the Mortgage?
October 31, 2012 By 3 Comments
Unfortunately in today’s economy, many people are having to face the reality that they are unable to pay their mortgage There are many options for a homeowner who finds himself in this situation. … [Read more...]
Albuquerque Area Foreclosure Rates, July 2012.
October 24, 2012 By 1 Comment
As was recently reported by Realty Trac, in July of 2012, approximately 1 in every 1,256 housing units in Albuquerque was in foreclosure. A detailed breakdown of the foreclosure rate in Albuquerque … [Read more...]
FDIC provides snapshot of New Mexico Economy
October 18, 2012 By Leave a Comment
As was recently reported in New Mexico Business Weekly by Dennis Domrzalski, the FDIC has prepared a report providing us with a snapshot of the New Mexico economy during the second quarter of … [Read more...]
Should You Consider a Reverse Mortgage?
September 24, 2012 By Leave a Comment
What is a reverse mortgage? A reverse mortgage is when the lender provides cash to the borrower. The cash provided is based on the amount of equity in the borrower’s home. Equity is calculated … [Read more...]
Eaton v. Fannie Mae: A Win-Win
August 23, 2012 By Leave a Comment
In Eaton v. Fannie Mae, 2012 Mass. LEXIS 488 (Mass. June 22, 2012) The Supreme Judicial Court of Massachusetts held that, in order to sell a property under a power of sale clause contained in a … [Read more...]
Consumer Financial Protection Bureau Proposes New Rules for Mortgage Servicer’s to Increase Transparency and Accountability
August 14, 2012 By 1 Comment
The Consumer Financial Protection Bureau (CFPB) has proposed new mortgage servicing rules to address a lack of transparency and accountability by mortgage servicers and to prevent servicers’ … [Read more...]
Fannie Mae and Freddie Mac Slam the Door on Loan Mods…For Now
August 6, 2012 By Leave a Comment
Edward DeMarco of the Federal Housing Finance Agency recently decided that no Freddie Mac or Fannie Mae home loans would be eligible for a principal reduction loan modification. Many private banks … [Read more...]
