That’s good news for everyone thinking about buying a foreclosed home. And for those who recently did so. Large titles companies (National Fidelity and First American among them) have decided that requiring banks to indemnify them against all errors in … Continue reading
Existing-home sales rose again in September according to a recent report by NAR (National Association of Realtors®), affirming that the recovery is under way. Closed transactions of condos, single family homes, townhouses and co-ops rose 10% over last month, but remain … Continue reading
In the continuing battle to protect the public from fraudulent schemes, the State of California, at the urging of Realtors® and others, is now including Forensic Loan Auditors et al to follow the rules set forth for the lending industry as we … Continue reading
Just as some banks are announcing that they have things under control and are getting their foreclosure proceedings back on track another bug-a-boo has popped up. And again, it appears to be a procedural error. This time, there seems to … Continue reading
According to a report from the national Association of Realtors® (NAR) “congress unanimously approved a one-year extension of National Flood Insurance Program authority to September 30, 2011. S. 3814 was first approved on September 21, 2010, by the unanimous consent … Continue reading
Thousands of first-time and move-up buyers who hoped to make a foreclosed property their new home now face uncertainty, anxiety and possibly remorse as they worry that closing on their desired property could be in jeopardy. Read more. Earlier we … Continue reading
No doubt you have heard or read quite a bit about foreclosures lately: banks are being sued, foreclosures are being stopped, title companies declining to write policies on bank owned properties, loan servicers and their procedures are being investigated, the … Continue reading
The federal government is looking into the allegations that homeowners have been (are being) evicted using incorrect or erroneous paperwork according to Attorney General Eric Holder. He stated that the “financial task force has a mortgage component to it” in … Continue reading
The recent end of the 2009-10 legislative session has brought the end of short sale deficiency judgments for first loans, and other new laws affecting REALTORS® and their clients. To view the full text of the following bills, go to … Continue reading
Bank of America and Wells Fargo have joined JPMorgan and GMAC in halting their foreclosure proceedings until their files and processes are reviewed. Regulators from the office of the Controller of the Currency have instructed 7 major banks to review … Continue reading