by Justin L. Seekamp
Recently, Michael Merrill had posted a blog entry regarding Florida’s anticipated share of the landmark foreclosure settlement that the nation’s five largest banks, JPMorgan Chase, Wells Fargo, Citigroup, Bank of America, and Ally Financial. The entirety of that post can be found here. On Monday, Florida State Attorney
by Justin L. Seekamp
A recent article from the Huffingtonpost.com featured a scathing opinion from United States Bankrupcty Court Judge Robert Grossman regarding, in the words of Judge Grossman, the “not supported by the law” practices of MERS. The entire article can be found here.
The article gave a brief summary of
By Michael J. Merrill
The Senate Banking and Insurance Committee voted Monday to have a foreclosure bill meant to streamline foreclosures, heard by both the house and the senate. SB 1890 was introduced by Senator Latvala and would act to speed foreclosures for abandoned homes and where it is determined homeowners have no
by Justin L. Seekamp
A recent article from the Daily Record.com discussed the repercussions that foreclosure has on the credit of those who have or had a foreclosure action filed against them. The full article from the Daily Record.com can be found here.
The article detailed the impact that a foreclosure and some foreclosure
by Justin L. Seekamp
A recent article in the New York Times covered the recent shift in investing in which investors are beginning to re-invest in mortgage backed securities. These are the same mortgage backed securities that many believe led to the housing bubble that burst in 2007-2008 which is still having repercussions
By Michael J. Merrill
The recent foreclosure settlement signed by 49 Attorneys General and five mortgage servicers was a significant step towards assisting homeowners with their foreclosures. Of the approximately $25 billion to be paid by the mortgage servicers, Florida stands to receive $8.4 billion, one of the larger shares of the settlement.
by Justin L. Seekamp
A recent article from Bloomberg News details the recent decision by many major banks involved in the mire of foreclosure to, instead of chosing to foreclose on delinquent homeowners, offer homeowners money in return for the homeowners then essentially handing over the keys to their respective homes. The article
by Justin L. Seekamp
DocX, considered by many as one of the largest companies that provided home foreclosure services to mortgage lending banks and institutions across the nation has been indicted by a grand jury in Missouri. Details of the indictment were discussed in a recent article from the New York Times and
by Justin L. Seekamp
Freddie Mac, a major player in the mortgage market and recipient of billions of taxpayer dollars, has both started a few new questionable policies and taken some, according to industry experts, “shocking” actions during the past year or so. Details of these actions come from an article from public-interest
