25 billions dollars of the workout may not be as comprehensive or as good for the consumer as has been touted.
To defend a Connecticut Foreclosure or handle any legal matter in Connecticut you need a lawyer that is licensed in Connecticut.
Connecticut has made foreclosures a little friendlier for homeowners.
The latest changes to the foreclosure process in Connecticut
Lender Processing Service (LPS) is the most popular system lenders use to deal with delinquent loans. The LPS is a mostly automated system that has been recently been accused of fraud. This accusation stems from the Wilson Case which involves the Wilson family and the Boles Firm. The Wilsons were filing for bankruptcy and when [...]
Foreclosures are rampant throughout the nation during this time of economic turbulence. The question is: will these foreclosures help the economy bounce back or are we making a bad situation worse? John Taylor the President and CEO of the National Community Reinvestment Coalition strongly believes that foreclosures will be the nail in the coffin of [...]
“Forensic loan auditors” prey on homeowners in debt. They promise to completely wipe out loans no matter what you’re situation by investigating your mortgage loan. If they promise to find legal issues with your loan that will allow you to sue your lender which they claim will speed the process to alter you loan. The [...]
It depends. If you are current on your mortgage and all of your other bills a short sale is probably the better option. It will drop your FICO (credit score) score 85- 160 points. You may be able to purchase a new home fairly soon after the sale – BUT it may be difficult to [...]
Beyond Guilt in the Housing Crisis: The Morality of Strategic Default
Brent T. White?
Abstract: Responding to those who argue that homeowners who strategically default on their mortgages are immoral and socially irresponsible, this article argues that breaching a mortgage contract is not only morally acceptable, it may be the most responsible course of action when necessary to fulfill more important obligations to one’s family.
How to Find the Owner of Your Mortgage posted by Katie Porter Concerns continue about parties filing foreclosures when they do not own the note. Florida recently enacted a rules requiring plaintiffs in foreclosure to verify ownership of the note. (Here’s a brief article on the rules, with the original subheading “Bankers Don’t Like It”). While these concerns [...]