Mortgage Foreclosure

A study initiated by the San Francisco’s Assessor’s Office has found “irregularities” in 99 percent of the residential mortgage transactions that resulted in recent foreclosure sales – and “clear violations of law” in 84 percent of these transactions.

Companies have to deal with a rapidly developing spread of documentation-related scrutiny, from the mortgage foreclosure process to the collection of credit card, student loan, and other types of consumer debts. How can they handle that? 

The $25 billion mortgage foreclosure settlement resolves certain violations of civil law based on mortgage loan servicing activities.  But it does not resolve everything.

There's one state missing from the group of states that have agreed to the $25 billion mortgage foreclosure settlement.  That state?

The $25 billion mortgage foreclosure settlement “marks an important milestone in resolving mortgage concerns, allowing these five institutions – essential providers of mort

We now know the details of the $25 billion agreement between the nation’s five largest mortgage servicers and a joint federal-state group: 

There are two key states that still must sign on to the proposed $25 billion mortgage foreclosure settlement that may be announced as early as today by the federal government and state attorneys general across the country: California and New York. California is crucial because of the incredible number of families that have been foreclosed on over the past few years.

New York State Attorney General Eric Schneiderman is in a bit of a bind.

DocX, a company that until recently was one of the nation’s largest mortgage servicers, and its president, Lorraine O. Brown, have been indicted for forgery related to mortgage foreclosure documents that the company prepared. Missouri Attorney General Chris Koster says that “the indictment alleges that mass-produced fraudulent signatures on notarized real estate documents constitutes forgery.” 

When the New York-based mortgage foreclosure law firm, Steven J.