Foreclosure Victims’ Blog — Foreclosure Law

• Bernanke Says Banks’ Foreclosure Procedures Under Review
  Mon, 25 Oct 2010 00:00:00 -0400
  Federal banking regulators are examining whether mortgage companies cut corners on their procedures.
• Bank of America Finds Foreclosure Document Errors
  Mon, 25 Oct 2010 00:00:00 -0400
  As Bank of America begins to restart foreclosure proceedings, the bank said that it had discovered errors, including incorrect data and misspelled names, in the paperwork it had reviewed.
• Foreclosures Are Revived; Short Sales Are Resisted
  Sun, 24 Oct 2010 00:00:00 -0400
  Homeowners could face pressure from lenders’ reluctance to allow sales for less than what remains on the mortgage.
• Foreclosures: A Paperwork Fiasco – The Basics
  Sat, 23 Oct 2010 00:00:00 -0400
  The foreclosure crisis seems to be either in meltdown or in repair. Which is it? Here’s an overview.
• One Mess That Can’t Be Papered Over
  Sat, 23 Oct 2010 00:00:00 -0400
  It is possible, but difficult, to clean up the paperwork mess affecting mortgages. But for mortgage-backed securities, the complications are far trickier.
• Expected Fed Policy Gives Some Solace to Investors
  Sat, 23 Oct 2010 00:00:00 -0400
  The gloomy economic news continues to flow, but many investors are finding solace in the Wall Street adage: “Don’t fight the Fed.”
• Bank of America’s Foreclosure Mess Won’t Disappear Quickly
  Fri, 22 Oct 2010 00:00:00 -0400
  Why Bank of America shouldn’t count on putting its foreclosure problems behind it so quickly.
• New Law Lets Homeowners Get Legal Fees in Foreclosure Cases
  Thu, 21 Oct 2010 00:00:00 -0400
  Supporters say the law, signed in Albany this week, will give homeowners a better chance in court by allowing them to more easily get legal representation.
• Big Legal Clash on Foreclosure is Taking Shape
  Wed, 20 Oct 2010 00:00:00 -0400
  Courts are expected to be flooded with cases against lenders trying to foreclose without proper records.
• Foreclosures Pose No Broader Threat, U.S. Says
  Wed, 20 Oct 2010 00:00:00 -0400
  The housing secretary said that the government had yet to find evidence of widespread problems in the foreclosure process, but that the investigations would continue.
• New Requirements for New York Foreclosure Lawyers
  Wed, 20 Oct 2010 00:00:00 -0400
  New York’s chief judge issued a rule requiring lawyers handling foreclosure in the state to verify to the courts that all their paperwork is accurate.
• Private Equity Firms Linked to Foreclosure Mills
  Wed, 20 Oct 2010 00:00:00 -0400
  Several private equity firms or entities they control have stakes in the business operations of some of the busiest foreclosure law firms.
• Fannie’s and Freddie’s Foreclosure Oversight Questioned
  Tue, 19 Oct 2010 00:00:00 -0400
  State and federal agencies are investigating a law firm that did legal work for 70,000 foreclosures last year, many for Freddie Mac and Fannie Mae.
• Intermission, at Best, in Battle Over Foreclosures
  Tue, 19 Oct 2010 00:00:00 -0400
  Despite Bank of America’s announcement that it will resume foreclosures, state law-enforcement officials and the White House say they will continue their inquiries.
• New York Fed Wants Banks to Buy Back Bad Mortgages
  Tue, 19 Oct 2010 00:00:00 -0400
  Two years after the Fed bought billions of dollars in mortgage securities as part of the financial bailout, it is pressing banks to buy some of them back.