court decisions Archives – Page 3 of 3 – The Sherwin Law Firm – Ibanez, a seminal Massachusetts Supreme Judicial Court decision that has invalidated thousands of foreclosures across Massachusetts. Many of these homes that have been improperly foreclosed have been sold to third-party buyers who, despite having nothing to do with the underlining foreclosure, have a major title problem with their properties.
Key takeaways for homebuyers now that interest rates are rising What do rising interest rates mean for first-time homebuyers. – How affordability works. As interest rates increase, the buying power of a borrower is lessened. Let’s say a homebuyer has $1,200 to spend on their monthly mortgage payment. If rates are 4 percent and the borrower secures a 30-year fixed conforming loan, their loan could total around $250,000.Housing retail sales inch down Hedge fund investor demands HLSS terminate Ocwen relationship Home prices expected to remain positive in 2013 Berta Industries stock has a beta of 1.25. The company just paid a dividend of $0.40, and the dividends are expected to grow at 5 percent. The expected return on the market is 12 percent, and TreasuryUNITED STATES DISTRICT COURT . SOUTHERN DISTRICT OF NEW YORK . IN RE HOME LOAN SERVICING SOLUTIONS, LTD.. True Nature Of The Relationship Between HLSS And Ocwen. hedge fund and holder of HLSS bonds that sent notices of default to HLSS on iv .Country’s biggest housing development site poolbeg on the market ‘within weeks’ – This compares with 3.27 billion generated in the prior year, of which 2.43 came from sales Minister for Finance Paschal.
Profit Per Loan Up Dramatically – Mortgage Banks Focused on Purchase Biz; LO’s Not Exempt from OT? – up in the first quarter, particularly pre-foreclosure sales where a distressed homeowner is selling to avoid foreclosure-typically via short sale. The MBA has the.
Freddie could take more than a decade to unload REO inventory I have heard some astronomical figures of how much shadow inventory is really out there, but in John Prior’s article titled "Freddie could take more than a decade to unload REO (forecloure) inventory", the realtity sinks in pretty quickly.
R.I. Superior Court Rules In Favor Of MERS – MortgageOrb – The Mortgage Electronic Registration Systems Inc. (MERS) scored a favorable ruling in Rhode Island this week. The plaintiffs in the case had challenged the validity of a MERS assignment to OneWest Bank and asked the court to nullify OneWest’s foreclosure sale and the title the foreclosure buyer acquired through the sale.
Supreme court rules mortgage registration business has no. – Supreme Court Rules Mortgage Registration Business has no Constitutionally Protected Interest in Property .. and not entitled to prior notice of the tax sale. MERS appealed to the Court of Appeals, which affirmed the trial court’s decision for a slightly different reason, holding that MERS.
Housing starts fall 5.8%, disappointing analyst estimates The key spring selling season got off to a disappointing start in March, with housing starts dropping 5.8 percent on the month. The decline in starts was largely concentrated in the volatile multifamily component. multifamily starts fell 16.9 percent on the month, but the decline is likely due to payback.
Township to take land deal to Supreme Court – Plymouth Voice – · His ruling was staunchly upheld by a three-judge appeals court panel last month. The judges further upheld the state law exempting municipally-owned property from foreclosure, despite township attorney Kevin’s Bennett’s argument before Columbo that the law states the municipal land must be for public use to qualify for such an exemption.
“Show Me The Note” Claims Find New Life in Recent Arizona Decision – McVey, the Arizona Court of Appeals breathed life into what most would label standard “show me the note” claims, in which borrowers challenge their lenders’ authority to foreclose, despite admitting ..
Notorious Berkeley drug house now a real estate gem – 1610 Oregon Street, once a notorious drug house, has been remodeled and is for sale. in small claims court and were awarded $155,000 for the pain and suffering brought on by the activity in the.
40% of subprime mortgages stand delinquent, can prime be next? the hardest-hit communities.3 Forty percent of subprime mortgages are in some stage of delinquency.4 This means that many middle-class or formerly middle-class families are now struggling, and that strategies to create change should aim to help more Americans across the income spectrum. Second, given the financial disruption many families have
California Ferguson Court holds you got to tender if you want. – This case involves another challenge to a non-judicial foreclosure sale in California. The basic facts of this case are that a borrower initially took out a loan with New Century Mortgage which loan was accompanied by a MERS deed of Trust (MERS was the nominee of the lender and its successors and assigns under the deed of trust and also listed as the beneficiary).