Mortgage, Real Estate, US Real Estate

US Banks Are Still Robo-Signing

By Allison Halliday | July 19, 2011
In March the major mortgage lenders in the US said they would stop dodgy foreclosure proceedings which caused such scandals last year, but according to a Reuters investigation many are still continuing to use techniques such as robo-signing. Their investigation has found that many loan providers are continuing to file foreclosure documents that have been […]
Real Estate, US Real Estate

Obama Administration Tries To Help Unemployed Homeowners

By Allison Halliday | July 11, 2011
The Obama administration has just announced a new program which is aimed at keeping unemployed homeowners in their own homes.   This new initiative will extend the current allowance of a few months forbearance on mortgages to twelve months. It’s thought that this new scheme could benefit thousands of homeowners, although not everyone will be […]
Mortgage, Real Estate Technology, US Real Estate

Short Sale Incentives For Cash-Strapped Homeowners

By Mike Wheatley | June 29, 2011
Two of the nation’s biggest lenders are giving away cash rewards to struggling Florida homeowners who agree to stave off foreclosure by doing a short sale instead, according to reports in the Florida Sun-Sentinel.   Wells Fargo and JP Morgan Chase haven’t made any official announcements about the initiative, but indebted homeowners have reported that […]
Mortgage, Real Estate, US Real Estate

How Soon Can You Buy After Foreclosure?

By Mike Wheatley | June 27, 2011
What with the millions of former homeowners sitting around twiddling their thumbs following foreclosure or a short sale, many of them might be wondering how soon they will be able to get back into the real estate business. One article that recently caught our attention in the New York Times attempted to answer that question, […]
Real Estate, Residential, US Real Estate

Cash Remains King in Weak Market

By Allison Halliday | June 23, 2011
Cash buyers are taking advantage of prices, and are betting that they cannot go much lower; last month they accounted for 30% of all existing home sales, up from 25% in May 2010.   Just two years ago all-cash buyers accounted for just 12% of sales, but now many are being enticed by the prospect […]
Real Estate Resource, Residential, US Real Estate

Free Florida Foreclosure Seminar by Stopa Law Firm

By Allison Halliday | June 15, 2011
A well-known foreclosure defense attorney who is already representing several hundred homeowners in Florida, is to conduct a foreclosure seminar in Tampa Florida, and will give free representation to five Floridians of his choosing.   Mark Stopa, of Stopa Law Firm, will hold the free seminar at 11 am on Saturday, June 25. It will […]
Mortgage, US Real Estate

NY and Delaware Probe Trustee Banks

By Allison Halliday | June 14, 2011
The Attorney General of New York, Eric Schneiderman, has requested more information from a number of financial institutions as part of an ongoing investigation into the way mortgages were sold to investors. Eric Schneiderman’s office has requested documents from the Bank of New York Mellon Corp and Deutsche Bank, as it continues to look into […]

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