Items Tagged with 'Foreclosure'

ARTICLES

CoreLogic: Foreclosures fall to lowest level since 2006

Recovery from housing crisis continues
In another sign that the recovery from the housing crisis is ongoing rather than stalled out, the total number of completed foreclosures in 2015 was the lowest number of completed foreclosures in any year since 2006, a new report from CoreLogic shows.
Read More

Texas court upholds MERS right to claim lien

Electronic registry countersued for its rights
Summit Residential Services acquired an interest in the subject property following a foreclosure sale conducted by a homeowner’s association — and moved to clear title. Summit was granted judgment in its favor; extinguishing a MERS lien. So, MERS countersued in April 2014, and won.
Read More

CoreLogic: Foreclosures fall to lowest level since 2007

Foreclosure inventory and mortgages in serious delinquency hit 8-year low
The inventory of homes in foreclosure continued to decrease in November 2015, falling to the lowest level since November 2007, a new report from CoreLogic showed. But it wasn’t just the number of homes in foreclosure that fell to an eight-year low.
Read More

Houston couple wins $5.4 million in foreclosure fraud suit against Wells Fargo

Sometimes David beats Goliath
It’s a story that has been seen hundreds, if not thousands of times since the housing crisis. Homeowners fight back against foreclosure, saying that the lender or servicer has no legal authority to foreclose on their home. And it usually ends the same way, with the little guy losing. But one Houston couple took on one of nation’s biggest banks – and won. Big.
Read More
From HW Magazine

5.8 million foreclosures, and counting

What we've learned from the housing crisis about helping consumers
Over the past eight years, housing counselors and the mortgage servicing industry have learned a lot, and it’s our joint responsibility to avoid the mistakes of the past, to maintain momentum, and to create new pathways for homeowner-centric loss mitigation practices that have sustainable homeownership as the No. 1 objective.
Read More