Temporary Reprieve From Tax Auction Doesn’t Solve Underlying Problem As I wrote about last October, Detroit was facing a tax foreclosure epidemic this fall with nearly 62,000 properties heading to tax foreclosure due mostly to deadbeat or absentee landlords not paying property taxes. These landlords would have forced nearly 100,000 people into homelessness. It […]
Wells Fargo Continues Its Campaign Of Fear On The Elderly It’s another example of how disorganized Wells Fargo has become. Wells Fargo shocked elderly couple Sheridon and Susan Turner when a process server knocked on their door. The process server informed them that Wells Fargo was suing them for foreclosure. Sheridon and Susan Turner sold the home […]
NYDFS Claims Thousands Of New Yorkers Have Lost Their Homes Because Of Libor Rigging The Superintendent of the New York State Department of Financial Services, Benjamin Lawsky has joined other U.S. banking regulators investigating Deutsche Bank AG for manipulation of the Libor benchmark borrowing rate. This new probe by the NYDFS of the monolithic German […]
After Unloading nearly $64.4 Billion In Servicing Rights, Ocwen Still Faces Problems Last week on the heels of Ocwen’s announcement that it was selling $45 Billion in mortgage servicing rights to JPMorgan Chase, Ocwen announced it was selling $9.6 Billion in servicing rights to Walter Investment Management Corporation, the parent company of Green Tree Loan Servicing. This is on […]
Bank of America Attempts To Foreclose On A House That They Approved For Short Sale In a bizarre case out of Florida’s 3rd District Court of Appeals, Bank of America attempted to foreclose on a house that they had approved a short sale on and allowed to close. In 2012, Bank of America filed a […]
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