...2008 when California enacted foreclosure moratoria and increased lender foreclosure costs as the financial crisis brought nearly 800,000 to the brink of foreclosure. California created policies to encourage mortgage modifications...
Read More »Search Results for: foreclosure
How Much Will Foreclosures Surge in the Months Ahead?
As Congress remains deadlocked on latest coronavirus relief package, new study anticipates worst-, middle-, and best-case outcomes for foreclosure rates. Whatever Congress and the White House decide, the anticipated foreclosure...
Read More »DS5: Challenges Ahead for Foreclosure Attorneys
For this week's episode of DS5: Inside the Industry, we spoke with Marissa Yaker, Managing Foreclosure Attorney for Padgett Law Group. She discusses how foreclosure practices are preparing for the...
Read More »CWCOT Webinar: Insights Into Critical Changes
...third party at the foreclosure of the FHA-insured mortgage or through a Post-Foreclosure Sale. With CWCOT, there is no conveyance of the property to HUD in exchange for payment of...
Read More »The Fight Against Zombie Properties
...zombie foreclosures.” In the New York metro 8.9% of properties in foreclosure are zombie properties, meaning the owner has left the property while the home remains in the foreclosure process,...
Read More »Working to Prevent HECM Foreclosures
The New York legislature has passed a bill that will require lenders to notify the state’s Department of Financial Services (DFS) and mortgagors of impending foreclosure actions against homeowners with...
Read More »The Week Ahead: LL100 Webinar on Foreclosure Process
The Legal League 100’s next webinar will be hosted on Wednesday, July 29, titled, “Going Digital: Understanding the Foreclosure Process on Digital Mortgages.” Highlights of the webinar include: What is...
Read More »Financial Services Committee Discusses HEROES Act
...and infecting 3.8 million people. She added federal, state, and local foreclosure and eviction moratoriums are expiring soon as 36% of renters were unable to make full July payments and...
Read More »National Delinquency Rate Improves for First Time Since January
...as foreclosure moratoriums are still in place. June’s 192,000 active foreclosures were the fewest on record dating back to 2000. Additionally, prepayment activity hit its highest level in 16 years...
Read More »Understanding FHA Claims and Conveyance Timelines
...the foreclosure and notifying the secretary of the proceedings (collectively Foreclosure Timeframes), not the amount of time allotted to convey properties. [See 24 CFR § 203.356(a),(b)] The Handbook’s express requirement...
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