Foreclosure mess to hit E&O cover?
Amid investigations into allegedly faulty foreclosure practices by banks and mortgage servicing companies, errors and omissions liability insurers for such firms are bracing for potential claims.
October 31, 2010
Foreclosure crisis mounts in Kona
One in every 97 Kailua-Kona homes was in foreclosure in September, giving the West Hawaii community the worst foreclosure rate in the state.
How the foreclosure process works in N.C.
A house doesn’t go into foreclosure as soon as a borrower misses a payment. It can take months or even years from the time that the borrower first defaults until the house is actually repossessed and the borrower is required to leave.
Foreclosure buyers competing for fewer homes at auction
On any given Thursday, you can find John Dilday at the foreclosure auction in downtown Denver looking for his next deal.
FORECLOSURE STEPS
A house doesn’t go into foreclosure as soon as a borrower misses a payment. It can take months or even years from the time that the borrower first defaults until the house is actually repossessed and the borrower is required to leave.
