Archives For: Industry Updates
North Carolina Appellate Court Discusses Service of Process by “Posting” and Due Dilligence Enabling “Posting”
On December 2, Michael C. Thelen, attorney with Womble Carlyle Sandridge & Rice, LLP posted an article to The National Law Review discussing In re Powell, No. COA14-498 (December 2, 2014).
4 Dec 2014
Foreclosure Task Force Makes Recommendations
On November 24, the Albuquerque Journal published an article discussing the New Mexico Legislature created Foreclosure Process Task Force and the recommendations listed in its recently issued final report.
26 Nov 2014
Nevada Supreme Court Maintains Foreclosures of HOA Liens May Eliminate First Priority Deeds of Trust
On November 21, InfoBytes Blog (Buckley Sander LLP) posted an article titled Nevada District Court Bars Foreclosure Sale of First Lien HUD-Insured Mortgage.
25 Nov 2014
Fannie Mae to Sell Foreclosed Vacant Properties to Detroit Land Bank
On November 24, DS News published an article announcing the agreement of Fannie Mae to sell 44 foreclosed vacant properties to the Detroit Land Bank Authority as part of an effort to stabilize greater Detroit neighborhoods.
25 Nov 2014
Up to 400 Jackson Homes Could be Demolished if City Receives $10.8 Million Grant From State
On November 18, mlive.com released an article discussing the possibility of Jackson, Michigan receiving a portion of grant funds from the Michigan State Housing Development Authority targeted at eliminating blight.
21 Nov 2014
MA Banks Sue to Overturn Local Foreclosure Laws
On November 14, telegram.com published an article titled Ruling means no change in Worcester foreclosure ordinance.
18 Nov 2014
Bank of America Mortgage Cases go to the Supreme Court
On November 17, HousingWire published an article discussing the decision by the U.S. Supreme Court to hear two cases brought by Bank of America involving underwater mortgages.
18 Nov 2014
CFPB Fines Franklin Loan for Ripping Off Customers
On November 14, National Mortage News published an article discussing the $730,000 fining of Franklin Loan Corporation by the Consumer Financial Protection Agency for allegedly incentivizing loan officers to guide customers into mortgages with higher interest rates.
17 Nov 2014
Cleveland and Others Fight Blight with Parks and Greenhouses
On November 13, CNN Wire posted an article titled Why this city ‘removes cancer cells’ of foreclosed and abandoned homes.
14 Nov 2014
Los Angeles Ordinance Aims to Charge Foreclosure Fees to Banks
On November 12, Reuters released an article discussing the passing of a foreclosure registration amended ordinance by the LA City Council.
13 Nov 2014