Life is 2011 in the United States hasn’t gotten any better within the real estate market since 2007. Many house are still foreclosure with owners unable to pay their bills for several reasons. People got stuck in horrible real estate loans deals that left them with the inability to pay them off. Another huge factor [...]
By Jean MurphyDaily Herald Correspondent You know the real estate market is in trouble when lawyers have to get heavily involved. When times are good, real estate attorneys are retained to facilitate closings. When times are bad, like now, many find themselves handling the myriad negotiations and transactions necessary with lenders to successfully [...]
New Jersey courts are ordering banks and lenders to prove that past foreclose documents were submitted legally. The state hopes to put a stop to wrongful home foreclosures. With the recent wave of “robo-signing” cases in which lenders were illegally signing foreclosure documents, many states are hoping to change current foreclosure procedures to be more [...]
Many lenders gave homeowners a break during the holiday season. This came in the form of a foreclosure freeze. Many foreclosures were halted during this time period. As the new year starts up, however, lenders are continuing to foreclosure on homes. It is estimated that the United States will see 100,000 homes repossessed during the [...]
Financially challenged homeowners who are at risk of losing their homes can now rely on The Foreclosure Defense Group (FDG), a Rosemont, Ill.-based firm that matches clients to attorneys who can fight lenders in court and work to completely restructure mortgage loans in favor of the borrower. It is estimated that over 80 percent of [...]
With home foreclosures on the rise, more homeowners are struggling to pay their mortgage payments and may be at risk for losing their home. Most homeowners do not realize all of the options that they have. Home foreclosure may seem like the only option, but it is not. If you are struggling to make payments, [...]
Bank of America has been in the news a lot recently because of its foreclosure practices. Attorney generals in Nevada and Arizona have filed lawsuits against the Bank of America Corporation. The lawsuits claim that the lender has been misleading homeowners in regards to their mortgage modification. Many homeowners continued making mortgage payments after being [...]
If you find yourself falling behind on your mortgage payments and are about to face foreclosure, there are ways to fight and keep your home. One of the best ways to do this is by hiring a foreclosure defense attorney. Deciding if you should hire an attorney and who to hire, can be a very [...]
Bank of America recently halted its foreclosures because of wrongful foreclosure processes. With this freeze, they hoped to stop the foreclosure process on homes that were victims of illegal paperwork. The company enacted this freeze in mid October and has stopped foreclosures until now. Bank of America has decided to continue foreclosing on homes. This [...]
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