Archive for October, 2009

Jim Porter: Protecting tenants after foreclosure By Jim Porter Law Review We have been cranking out columns about short sales, deeds in lieu of foreclosure, loan modifications, home equity sales and bankruptcies - strategies for folks who are "upside-down" on their property. But what happens after a foreclosure when the lender takes back the property or someone buys the property at the bank's ...
Jim Porter: Protecting tenants after foreclosure By Jim Porter Law Review We have been cranking out columns about short sales, deeds in lieu of foreclosure, loan modifications, home equity sales and bankruptcies - strategies for folks who are "upside-down" on their property. But what happens after a foreclosure when the lender takes back the property or someone buys the property at the bank's ...
HACKENSACK, N.J. — Eager to get their three children into a well-regarded school system, Yomalis Hilario and Johnny Montero paid $468,000 for a house in Paramus in 2006. But they soon found themselves struggling to make the $3,700 monthly payment...
Banks and mortgage companies have foreclosed on 5,000 residential properties in the St. Louis region so far this year. But a growing number of homeowners are managing to save their houses by convincing lenders to cut their monthly payments. Borrowers just shouldn't expect an easy time.
Facing a flood of consumer complaints, federal, state and local officials say they're working on the mortgage mess. One South Florida mayor wants his city to reconsider doing business with Bank of America, which had drawn more complaints than any other lender in Florida over stalled loan modification deals. With hundreds of Floridians filing complaints about troubles with their lenders over home ...