...nonjudicial foreclosure fees, etc. The answer was almost uniformly—no. Although the DOT language cited above appears to provide that the attorney’s fees in defensive litigation with the borrower can be...
Read More »Search Results for: nonjudicial foreclosure
Putting Abandoned Properties Under the Spotlight
...It adds statutory due diligence and notice requirements for nonjudicial foreclosure in the event a borrower is deceased. Specifically, the trustee must provide notice of the foreclosure to all known...
Read More »Counsel’s Corner: Brigham Lundberg talks Foreclosure Environment
...challenges come with nonjudicial foreclosures? Anytime you take an action like foreclosure and remove its judicial oversight by utilizing a nonjudicial foreclosure process, you run the risk of potential post-foreclosure...
Read More »Fast-Tracking Foreclosure
...primary reason for a lack of significant foreclosure delays in the Great Lakes State was that it is a nonjudicial one. (Fannie Mae found that judicial foreclosure states take 280...
Read More »Forging Ahead
...State of Foreclosure Is yours a judicial or nonjudicial state? The answer can mean a difference of 280 days on average in the foreclosure process, according to Fannie Mae. “I...
Read More »Counsel’s Corner: Borrowers Score a Victory in Wrongful Foreclosure Claim
...a home loan borrower has standing to claim a nonjudicial foreclosure was wrongful because an assignment by which the foreclosing party purportedly took a beneficial interest in the deed of...
Read More »U.S. District Court Hands Down Servicer Fee Decision
...there is a foreclosure case filed, the foreclosure firm must take the necessary steps to dismiss the foreclosure action once the loan has been reinstated or paid off. The attorney’s...
Read More »Should States Fast-Track Foreclosures?
...protecting the rights of property owners is worth the higher cost of judicial foreclosure relative to nonjudicial foreclosure," Fee and Fitzpatrick said. Costs are incurred when properties are left vacant,...
Read More »Delinquencies Continue Decline; Highest Among Alt-A, Subprime Loans
Delinquencies and foreclosures are continuing to decline with higher concentrations among Alt-A and subprime loans, according to the latest Mortgage Market Monitor from ""Lender Processing Services (LPS)."":http://www.lpsvcs.com/Pages/default.aspx [IMAGE] Foreclosures are...
Read More »Fed: Judicial Foreclosure Processes Thwart Price Gains
The number of days a property spends in delinquency status prior to foreclosure is relatively similar across all states. However, once a property enters foreclosure, the number of days it...
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