Tag Archives: Eviction

Safeguard Properties LLC filed on Tuesday a motion to dismiss a complaint brought against the company by Illinois Attorney General Lisa Madigan, who has charged Safeguard with illegally evicting homeowners before their foreclosures were finalized.

Schneiderman & Sherman, P.C., named Patricia Carey managing attorney for the firm's litigation group. As a litigation specialist for 18 years, Carey has taught trial skills to hundreds of law students and new attorneys both as a managing attorney and guest faculty member of the Committee on Regional Training.

Among all cases, those related to foreclosures were the most active, with 74 cases moving forward, according to first-quarter data from Mortgage Daily. However, that was still a drop from that category's peak. An accompanying white paper released by Ballard Spahr LLP suggests the decline in foreclosure-related cases has more to do with the drop in foreclosure filings during the period. Cases involving loan modifications also decreased as foreclosure filings normalized--though dissatisfaction still remains high.

The Law Offices of Clunk, Hoose and Associates, PA announced the opening of a new full-service office in Hollywood, Florida. Firm partners John D. Clunk and Robert R. Hoose, along with attorney Shan P. Massand, will lead the new practice, which aims to bring cost-effective default management services to lenders and servicers in the South Florida market.

Industry data suggests by the end of 2010, more than 5 million homes had been foreclosed as a result of the recent housing crisis, and some anticipate another 8 million to 10 million more foreclosures will make their way through the pipeline over the next few years. However, as the National Law Center on Homelessness and Poverty (NLCHP) points out, this is only part of the picture. About 20 percent of all foreclosed properties have been rental properties, according to a recent NLCHP report. In fact, about 40 percent of all families evicted in foreclosure are renters not owners, according to NLCHP.

Attorney General Kamala D. Harris issued a statement Thursday that served as a reminder that the California Homeowner Bill of Rights will soon take effect. The official start date for the landmark bill is January 1, 2013.

A significant drop in foreclosure starts brought down foreclosure activity in November, according to a foreclosure report from RealtyTrac. Foreclosure starts were filed on 77,494 U.S. properties in November, a 71-month low and the lowest level since December 2006, RealtyTrac reported Thursday. The decrease represents a 13 percent drop from October and a 28 percent decline from November 2011. While foreclosure starts fell, bank repossessions rose annually for the first time in 25 months.

There were 58,000 foreclosures completed in the United States during the month of October, CoreLogic reported Monday with the release of its latest National Foreclosure Report. October's tally was down 17 percent from last year when 70,000 foreclosures were completed during the month. On a month-over-month basis, completed foreclosures fell 25 percent after September's count was revised upward from the previously reported 57,000 to 77,000. CoreLogic says the larger-than-usual revision was due to an annual online auction of delinquent tax properties in Wayne County, Michigan, that weren't included in the earlier assessment.

A specific provision in the Servicemembers Civil Relief Act (SCRA) was amended to extend protections for military members with mortgage obligations, the Office of the Comptroller of the Currency (OCC) announced.

LOGS Network, a consortium of default-related firms providing legal and outsourcing solutions for the residential mortgage and consumer credit industries, has added Janeway Law Firm, PC, to its network. Serving the entire state of Colorado, the newest member of LOGS is a full-service law firm and a member of the Fannie Mae retained attorney network.