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November 30, 2010

Foreclosure mess could threaten banks - report

Widespread problems in how lenders documented foreclosures could spark a wave of legal challenges resulting in massive losses to banks and serious new troubles for the housing market.

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Homes in foreclosure can be saved by lawyers

They say they can often negotiate better deals.

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Chase officials explain foreclosure prevention initiatives

Chase Bank’s Northern California representatives shared information about the lending company’s foreclosure prevention initiatives for distressed homeowners at a November meeting of the Asian American Real Estate Association-Silicon Valley chapter. The meeting was attended by about 180 real estate professionals, including members of the Silicon Valley Association of Realtors.

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Embattled foreclosure attorney’s cases clogging state courts

By Susan Taylor Martin, Times Senior Correspondent Monday, November 29, 2010 Hundreds of mortgage mediation cases in the Tampa Bay area and other parts of Florida have been put on indefinite hold because of growing problems at a law firm that once represented many of the nation’s biggest banks. Beset by allegations of sloppy and fraudulent documentation, the David J. Stern Law Firm has lost some

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Foreclosure Process of Robo-Signing Has Buyers Spooked

The foreclosure process of robo-signing that has garnered controversy in recent months has potential homebuyers shying away from distressed properties.

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