David Beasley, Business Week Bank of America Corp. (BAC) was sued in a Florida federal court by homeowners who allege the company overcharged them for so-called force-placed insurance. Force-placed insurance, which mortgage companies can purchase for homeowners when their policies lapse, is a “financial windfall” for Bank of America, according to a complaint filed yesterday in West […]
Kimberly Miller. Palm Beach Post More new foreclosure cases were filed last month statewide and in Palm Beach County than in April or May 2011, but experts say many of the homes will never end up in bank hands. Increasing efforts by lenders to negotiate short sales will divert distressed properties from the foreclosure pipeline, […]
Ester Cho, DS News If a lender produces a fraudulent document when attempting to foreclose on a borrower, should lenders be able to voluntarily dismiss the foreclosure then re-file the case after fixing the error? The answer to this question is currently being decided by the Florida Supreme Court, which heard arguments May 10 for […]
Deutsche Bank Can’t Get Their Numbers To Add Up As a stand alone story or if you have the memory of Drew Barrymore’s character in the Adam Sandler movie, 50 First Dates, this an an intriguing story. However, for those of us who work in foreclosure defense and who have more than an a 30 second […]
William Lewis, Buzz-Examiner Acquitted murderer, convicted felon, former actor, former sportscaster and former All-Star football player O.J. Simpson is one step closer to losing his south Florida home to foreclosure. Attorneys for the imprisoned Simpson appeared before Miami-Dade County Circuit Court Judge Gisela Cardonne Ely last week on a contested motion to dismiss. In denying relief, […]
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