Today’s Foreclosure NewsWhile paying homage to School House Rock’s “I’m Just a Bill” and a host of other classic instructive cartoons of that series that began in the 70s, the Daily Show pulled no punches in describing the Dodd-Frank financial reform law including its creation of the Consumer Financial Protection Bureau – “a sham.” The show’s version of Bill [...]
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MERS, that strange little company that has played a significant roll in eliminating lender responsibility, accountability and transparency pulled back the curtain some more (after Fannie clipped its wings in April, story here): Effective July 22, 2011: • No foreclosure proceeding may be initiated, and no Proof of Claim or Motion for Relief from Stay [...]
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It has been more than two years and some attorneys for lenders and others are still out there claiming that the Protecting Tenants at Foreclosure Act (PTFA) does not require the purchaser at the foreclosure sale to honor a pre-existing lease of a bonafide tenant. These attorneys are not uninformed — I would argue they [...]
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For reasons too complicated for mere mortals to understand — or to get around provisions in Dodd-Frank, you decide — BAC Home Loans Servicing LP has announced it was merged into Bank of America. It is unclear when the merger was actually completed. BAC Home Loan Servicing LP was the servicing arm and wholly owned [...]
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By Roland S. Martin, CNN Political Contributor (here) Roger Clemens and Barry Bonds were long considered first ballot Hall of Famers, but the steroids scandal that has dominated baseball since the ’90s has destroyed their reputations and could very well keep them out of Cooperstown. Clemens is spending his days in a federal court in Washington [...]
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