October 2010

The revelation that “robo-signers” at banks don’t review loans became a scandal last month, and forced Bank of America and other institutions to review their processes. But as The Wall Street Journal reports, the strategy has been used since at [...]

ndiana’s attorney general is suing 10 companies for allegedly taking advantage of homeowners who turned to them for help saving their homes from foreclosure.

Some of these documents have emerged, and they tell quite a fascinating and appalling tale: These documents, from Clayton Holdings, a due diligence company retained by the banks, reveal that Clayton, after analyzing more than 900,000 mortgages, told the banks [...]

Lawyers for homeowners who have been denied mortgage modifications under the Obama administration’s Home Affordable Modification Program make a straightforward argument when they sue banks.

Brett Radosta is not a deadbeat. And yet to hear many people tell it, Radosta — whose home in metro Atlanta is scheduled for foreclosure by Bank of America — is making out like a bandit because there’s a possibility [...]

The Wall Street Journal has an interesting article on its front page describing a slowly growing business practice that is finally coming to light, a niche by lawyers to fight foreclosures. A growing number of lawyers are looking for new [...]

Unfortunately, a lot of that help may actually be motivated by scammers trying to make a quick buck off of your plight. The Colorado Attorney General’s office is working together with other states for a program called “Neighbor Works” to [...]

With a surge in lawsuits against law firms specializing in foreclosures, a case in Mississippi is casting light on another aspect of the mortgage mess — the connection between Wall Street private equity firms and those law firms, often known [...]

What we are seeing all around us are the continued effects of a vast criminal enterprise that has never been brought to account, employing a process that, as University of Texas economist James Galbraith explains, involved the equivalent of counterfeiting, [...]

A Glen Ridge couple is one of several seeking legal action against a California attorney accused of charging upfront fees to handle mortgage loan modifications.

An Indianapolis law firm has filed one of the first suits in the nation seeking class-action status in its case against mortgage lenders and servicers who used questionable tactics in thousands of home foreclosures.

Image via Wikipedia Fannie Mae, the largest provider of mortgage financing in the U.S., said it halted referrals to a Florida foreclosure-processing law firm that’s being investigated by the state attorney general. The Law Offices of David J. Stern PA [...]

Image via Wikipedia Fidelity National Financial Inc., the largest U.S. title insurer by market share, will require lenders to sign a warranty assuring their paperwork is sound before backing sales of foreclosed homes.

Image via Wikipedia The American Civil Liberties Union is seeking public records on Florida foreclosures to determine if homeowners’ rights are being violated or if they’ve been illegally evicted. The ACLU filed public records requests with the state court administrator [...]

Two wrongs don’t make a right – just more wrongs. But the lesson here isn’t that a couple and their kids “re-took” possession and claim their original foreclosure was “illegal.” I don’t know if it was or wasn’t – what [...]

The North Bend couple says that advice was to deliberately miss mortgage payments. “The only reason we made those late payments was because we were told to,” said Amanda.