Category Archives: Foreclosure
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In an earlier blog published 10-30-12, we tracked some of the developments in the so-called “historic” National Mortgage Settlement (NMS) with Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally which was announced in February, 2012. To review: The NMS encouraged these five “bad actors” to reach out and actively solicit homeowners for loan modifications,… Read More »
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This question is presented often by clients who are facing a foreclosure and are not sure how the foreclosure might impact them in the future. That is one of many reasons why speaking with an experienced attorney before making any decision regarding a foreclosure is strongly recommended. The Mortgage Debt Relief Act of 2007 generally… Read More »
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Who is to blame for the foreclosure crisis? The question comes down to did homeowners overreach and go beyond what they could afford or did banks prey on naive consumers? In reality, no one party is to blame, but rather a combination of lenders, homebuyers and regulators. Nonetheless, lenders have pointed fingers at home buyers,… Read More »