...nonjudicial states seeing the lowest foreclosure inventory since the fourth quarter of 2007,"" Fratantoni. According to a analysis from ""Capital Economics"":https://www.capitaleconomics.com/, ""[t]he steady clearing of the foreclosure backlog is the...
Read More »Search Results for: nonjudicial foreclosure
Montana Court Rejects Wrongful Foreclosure Complaint
...entire chain of title of the mortgage,"" according to court documents. After reviewing the complaint, the court determined ""all statutory prerequisites for nonjudicial foreclosure were met and that Defendants had...
Read More »Oregon Court of Appeals Rules Against MERS
In the case Niday v. GMAC Mortgage LLC, the Oregon Court of Appeals ruled in favor of the plaintiffs regarding ""MERS'"":http://www.mersinc.org/ right to proceed with a non-judicial foreclosure. [IMAGE] The...
Read More »San Francisco’s Foreclosure Audit Turns Up Irregularities, Illegal Activity
...important aspects of California’s nonjudicial foreclosure laws†and by ""releasing the results"":http://aequitasaudit.com/images/aequitas_sf_report.pdf, it hopes to open a dialogue on the importance of ensuring compliance so that corrective action can be...
Read More »New Arkansas Legislation Assists Homeowners Facing Foreclosure
A new law requires that Arkansas homeowners receive critical documents prior to a foreclosure and encourages loss mitigation or loan modification efforts before the foreclosure is initiated. [IMAGE] Arkansas Governor...
Read More »Fitch Says 7M Homes in the Shadows Will Take 40 Months to Clear
...take more than three years to sell the properties of loans that are currently seriously delinquent, in foreclosure, or REO. Fitch says for judicial foreclosure states, such as Florida, it...
Read More »First American Trustee Services Division Receives New Corporate Name
...Servicing Solutions provides a complete suite of foreclosure trustee services to assist with nonjudicial foreclosures cases. Its trustee services follow government-sponsored enterprise guidelines in performing foreclosures and cover the states...
Read More »Foreclosure Mediation in the Forefront
...programs. According to CAP, some states which have already enacted automatic mediation programs-meaning that mediation is automatically scheduled when foreclosure is initiated either through notice of foreclosure sale in nonjudicial...
Read More »USFN Publication Covers Foreclosure Timelines in Each State
...all of the foreclosure steps taken each of the 50 states and the District of Columbia. The publication also covers timelines and the judicial and nonjudicial processes. Available online for...
Read More »