For most of us, foreclosure seems like an abstraction like the Boogie Man, or Tooth Fairy. And yet, foreclosure is a reality that many American families deal with every single day.
The financial crisis of 2007-2008 was caused in no small part by a housing market full of questionable mortgages. Loan qualifications were stretched beyond reason to accommodate eager homebuyers trying to deal with rapidly increasing prices. Foreclosure News
Bon Carre Business Center on Florida Boulevard is facing a foreclosure, with its owner owing $ 39 million on a defaulted loan. Bon Carre Business Center on Florida Boulevard is facing a foreclosure, with its owner owing $ 39 million on a defaulted loan. Foreclosure News
What are we going to be talking about this summer? One topic is the economy, and the thought that rising short-term rates are a signal that the economy has recovered to the point where businesses and consumers don't need ridiculously low borrowing rates to participate in it. Yet May's housing starts number hit an 8-month…
According to Zacks, “Great Ajax Corp. is a real estate investment trust which acquires, invests and manages a portfolio of mortgage loans secured by single- family residences and single-family properties. The company invest in loans secured by multi-family residential and commercial mixed use retail/residential properties. Foreclosure News
In Woide v. Federal Nat'l Mortg. Ass'n , the United States Court of Appeals for the Eleventh Circuit held that consummation of a contract for purposes of asserting a right of rescission under the Truth in Lending Act occurs when a borrower signs the pertinent loan documents. Foreclosure News
More Americans were keeping up with their mortgages at the beginning of 2017 but the number of foreclosures is also on the rise, a government report said on Thursday. The Office of the Comptroller of the Currency said that 95.6 percent of first-lien mortgages were current or performing in the first quarter, up from 94.7…
