Archive for the ‘Latest News’ Category

Beware Foreclosure Assistance Scams

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Beware Foreclosure Assistance Scams It’s hard to believe someone would prey upon those in the midst of a foreclosure, but it all too often happens. Scams may not always be easy to spot. Scammers will often charge already distressed homeowners exorbitant fees and provide little or no […]

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Breaking New: Scam Alert!

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Florida Still Near The Top For Foreclosures In November

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Florida Still Near The Top For Foreclosures In November Florida’s foreclosure rate led the nation in November, even though the Sunshine State is enjoying a healthy rebound in housing prices. The November statistics from RealtyTrac, a California based firm that tracks foreclosures, show that Florida had the […]

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Three Things a Lender Must Prove to Establish Chain of Title

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Three Things a Lender Must Prove to Establish Chain of Title As the housing bubble inflated, promissory notes were sold or re-assigned at a frenzied pace. A promissory note, the sole legal instrument proving that a lender is entitled to receive repayment of a loan, is a […]

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JP Morgan Forced Place Settlement May Open Floodgates

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JP Morgan Forced Place Settlement May Open floodgates Banking giant JP Morgan, along with an insurance company, paid out a $300 million settlement in September to settle accusations that they forced homeowners to buy insurance and in some cases inflated the policy prices via a kickback agreement. […]

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Banks Failed to Comply With $25 Billion Settlement Related to Foreclosure Abuse

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Banks Failed to Comply With $25 Billion Settlement Related to Foreclosure Abuse The country’s three largest banks, Bank of America, JPMorgan Chase & Co. and Citigroup Inc. are refusing to cooperate with standards required for dealing with mortgage customers. These standards were agreed to as part of […]

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Bank of America Rewards Staff for Sending Homeowners into Foreclosure

Bank Of America Slashes 12,500 Jobs In Wake Of Fleet Merger

Bank of America Rewards Staff for Sending Homeowners into Foreclosure “We were told to lie to customers,” said Simone Gordon, who worked in Bank of America’s loss mitigation department until February 2012. Bank of America paid cash bonuses and handed out gift cards to bank staffers for […]

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Florida America’s Foreclosure Capital

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Florida America’s Foreclosure Capital Florida has reclaimed the title of America’s foreclosure capital. According to RealtyTrac, Florida previously ranked second to Nevada, but the Sunshine State pulled ahead in October 2013. One in every 332 homes in Florida received some type of foreclosure filing in October 2013. […]

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Foreclosure Activity Drops Sharply

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Foreclosure activity in much of the nation now appears to be accelerating downward, dropping 7 percent in a single month according to RealtyTrac.  Foreclosure filings nationwide – default notices, scheduled auctions, and bank repossessions – numbered 150,864 or one in every 869 U.S. housing units in January […]

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Who Owns 10,000 Houses?

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Who Owns 10,000 Houses? While I sit here kicking myself for not owning the stock in catsup maker Heinz (up 20% this morning because of being purchased by Berkshire Hathaway), I managed to remember that it is Valentine’s Day. What is more romantic, really, than a happy household? […]

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