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.

New York Lawmakers Criticize Schneiderman’s Removal From Foreclosure Panel

Published: Tuesday, 30 August 2011
Written by David McLaughlin and Margaret Cronin Fisk

Foreclosure Help:

New York lawmakers sent a letter to Iowa Attorney General Tom Miller saying they were "troubled" by the removal of New York Attorney General Eric Schneiderman from an executive committee of state officials negotiating a nationwide foreclosure settlement with U.S. banks.

Read more: New York Lawmakers Criticize Schneiderman’s Removal From Foreclosure Panel

SAURMAN REVERSED

Published: Monday, 13 June 2011
Written by Prof. Adam Levitin, Esq., Georgetown Univ School of Law

Foreclosure Help:

Soured on Saurman

Elected justice moves swiftly. The Michigan Supreme Court handed down its opinion in Residential Funding Co. v. Saurman on Wednesday, a couple of weeks after oral argument. They were in a rush to get the opinion out, it seems. Unfortunately, it's a terrible opinion. The Michigan Supreme Court reversed the appellate court to hold that MERS has the power to conduct non-judicial foreclosures (foreclosure by advertisement) in Michigan.

Read more: SAURMAN REVERSED

Bank Of America Faces New Probe

Published: Wednesday, 27 July 2011
Written by Shahien Nasiripour

Foreclosure Help:

Bank Of America Faces New Probe: New York Attorney General Launches Investigation Into Mortgage Securitization

New York Attorney General Eric Schneiderman has targeted Bank of America, the biggest U.S. bank by assets, in a new probe that questions the validity of potentially thousands of mortgage securities and their associated foreclosures, two people familiar with the matter said.

Read more: Bank Of America Faces New Probe

BANKRUPT BAY AREA HOMEOWNERS SHED SECOND MORTGAGES

Published: Monday, 13 June 2011
Written by Pete Carey

Foreclosure Help:

Stung by the crash of the housing market, some struggling homeowners are using a little known but increasingly popular provision of the bankruptcy code to eliminate second mortgages and avoid foreclosure.

Statistics are hard to come by, but bankruptcy lawyers say the provision has been used effectively on hundreds, if not thousands, of cases in the Bay Area during the past two years.

Read more: BANKRUPT BAY AREA HOMEOWNERS SHED SECOND MORTGAGES