Archives For: foreclosure
Proposed New York Legislation Targets Foreclosure Policy
Two bills involving foreclosure procedure have advanced to a third reading in the New York State Assembly: A.8559 (Relates to providing notice to a homeowner whose property is being foreclosed that they do not have to abandon the property until the day of the foreclosure sale) and A.4842 (Requires plaintiffs in mortgage foreclosure actions to provide contact information).
1 Jun 2016
Congressional Grants to Aid More Struggling Borrowers
DS News published an article discussing the latest grant by the National Foreclosure Mitigation Counseling (NFMC) program to assist areas throughout the country struggling with high rates of foreclosure.
31 May 2016
Lawrence County to Consider Establishing a Land Bank
The Herald-Dispatch (Huntington, WV) published an article discussing a proposed land bank program taking shape in Lawrence County, OH.
11 May 2016
What?s Next for REO? A 10-Year Perspective
DS News published an article discussing what the future holds for the real estate owned (REO) market.
3 May 2016
NC Senate Bill Targets Squatters Using Foreclosed Homes
The News & Observer published an article discussing NC SB 754 (“Prevent Squatting in Foreclosed Real Property”), which has been introduced into the North Carolina Legislature.
26 Apr 2016
Foreclosed Homeowners Shun Mortgages for Renting: Study
The Pittsburgh Post-Gazette published an article discussing recently released data from the Urban Institute’s Housing Finance Policy Center.
12 Apr 2016
Senate Version of Grayson Bill Protecting Veterans From Foreclosure Passes House
The office of Congressman Alan Grayson (D-FL09) issued a press release announcing the signing of S. 2393 into law by President Obama (“Foreclosure Relief and Extension for Servicemembers Act of 2015”).
11 Apr 2016
Amidst the Walking Dead: Judicial and Nonjudicial Approaches for Eradicating Zombie Mortgages
The Emory Law Journal published an article authored by Executive Managing Editor Andrea Clark. In it, Clark explores the different circumstances that can bring about the creation of zombie mortgages.
11 Apr 2016
Idaho Governor Signs Foreclosure Bill
On April 5, Idaho Governor Butch Otter signed SB 1315 into law. It will take effect on July 1, 2016.
5 Apr 2016
Pennsylvania Considers Fast-Tracking Vacant and Abandoned Property Foreclosures
Thirteen bipartisan sponsors have introduced and referred HB 1954 to the House Urban Affairs Committee. The legislation aims to reduce the timeframe for foreclosure on vacant and abandoned properties by 240 days.
5 Apr 2016