Feature Headlines

Return regurally for the latest articles and featured reprints from some of the most authoratative sources in the foreclosure defense and banking industry.

GMAC Postpones Foreclosures, Banks' Deceptive Practices come to light

Published: Wednesday, 22 September 2010
Written by Polyana da Costa

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GMAC Postpones Foreclosures, Banks' Deceptive Practices come to light

Garret Bender and his wife Gina started a court battle more than a year ago against SunTrust Mortgage, which wanted to foreclose on their Delray Beach house to recoup a $4 million mortgage.

The Benders asked the 4th District Court of Appeal to intervene last week after they came across what many foreclosure defense attorneys call growing and serious problems in South Florida courts — plaintiff substitutions and the increasing use of confidentiality in foreclosures against a backdrop of the muddled world of securitized mortgages.

Read more: GMAC Postpones Foreclosures, Banks' Deceptive Practices come to light

Foreclosure Help: HAMP Homeowners Stuck in Limbo

Published: Monday, 30 August 2010
Written by Alan White

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HAMP Homeowners Stuck in Limbo

More than 700,000 homeowners are in three-month "temporary" trial loan modification plans, but mortgage servicers have managed to convert only 31,382 to permanent  modifications, according to the Treasury Department's November report released today.

Read more: Foreclosure Help: HAMP Homeowners Stuck in Limbo

One solution to the foreclosure backlog

Published: Saturday, 04 September 2010
Written by GRETCHEN MORGENSON and GERALDINE FABRIKANT

Foreclosure Help

High-Speed Courts Offer Answer to Foreclosures

TEN days from now, a four-bedroom house on a cul-de-sac in Middleburg, Fla., is scheduled to be auctioned off at the Clay County courthouse, 25 miles south of Jacksonville.

A judge who recently took over their foreclosure case has ordered Rodney Waters; his fiancée, Terri Reese; and their four children to leave the home they bought in 2006.

Read more: One solution to the foreclosure backlog

Foreclosures Help: Florida Foreclosing Process Gets Harder on Lenders

Published: Monday, 30 August 2010
Written by Administrator

Foreclosures Help:

The American Banker

A pair of Florida court rulings will make foreclosures in this hard-hit housing market even more painful for lenders.

Read more: Foreclosures Help: Florida Foreclosing Process Gets Harder on Lenders