ForeclosureGate.org Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners

University of Dayton students help people keep homes Programs and requirements change and the paperwork might be enough to overwhelm you, but you need to know there is help available in our community when you face foreclosure. You don't have to feel squeezed out by a big-name lender. Just a couple of years ago Dayton was known for a high foreclosure rate. Lost jobs and vacant houses were part of the landscape. They still are, but more people are able to keep their homes because of University of Dayton law students like Patrick Kindt and Geeta Darubra. They volunteer so people who can't afford legal counsel have some representation when it's time to talk with lenders and their attorneys. They can help negotiate a payment plan for instance….

Land Court Paves Way For Clearing Defective Foreclosure Titles In what could be the first test case of a new theory to clear up defective foreclosure titles — and much welcome news for property owners stuck with toxic titles — Massachusetts Land Court Judge Gordon Piper has ruled that the theory of equitable assignment of an improperly foreclosed mortgage can be used to clear title of an improperly foreclosed property….

SIGTARP: ResCap executives highly paid right before bankruptcy Ally Financial, a bailed out financial firm that put its ResCap Mortgage subsidiary into bankruptcy, is among three major firms that compensated multiple executives by paying them well above the recommended executive pay limits outlined by TARP pay czar Kenneth Feinberg, an oversight committee for TARP funds alleged Monday….

Mortgage tech firms step up game Four years ago, the housing market crashed, leaving servicers on the line to handle thousands of distressed loans. At the time, most mortgage servicing shops used tech systems with dozens of different applications. Fast-forward to 2012 and mortgage technology is coming into its own. But, this time, the emphasis is on ensuring servicers, vendors, borrowers and investors have access to the best loan-level data to serve each loan with the utmost care….

Mortgage Debt Relief Act Extended for Another Year Struggling homeowners who are considering a short sale or modification or are facing foreclosure will see another year of tax relief. The “fiscal cliff bill” passed by Congress January 1 included a provision to exclude borrowers from paying taxes on debt forgiven through a short sale, foreclosure, or loan modification. Known as Mortgage Debt Relief Act of 2007, the act was scheduled to expire December 31, 2012, but received an extension for another year….

Housing Industry Skates Through Cliff Deal The housing market and the housing industry have escaped a potential blow on several fronts now that lawmakers have at least partially resolved Washington’s “fiscal cliff” budget morass. A bill passed by Congress on Tuesday to pull the nation back from the brink of end-ofyear tax hikes and spending cuts contains several provisions that are favorable to housing. Chief among them is one that provides an additional year of relief for troubled….

Lawyers question foreclosure case




Just days before leaving office, Attorney General Mark Shurtleff has reversed the state’s position and personally signed on to a settlement in a foreclosure lawsuit that Bank of America appeared to be losing. The practical effect of Shurtleff’s move, according to an attorney who filed the lawsuit, is to weaken Utah’s ability to enforce state law. It also weakens the state’s position in other lawsuits challenging foreclosures….

NLRB and CFPB: Recess Appointments The DC Circuit's decision in Noel Canning v. NLRB invalidated an National Labor Relations Board ruling on the grounds that three of the NLRB's five members were not validly appointed, so the NLRB lacked the necessary quorum to act. The DC Circuit's held on two separate grounds that the NLRB members were not validly appointed. All of the NLRB members in question were appointed as so-called "recess" appointments by the President, meaning that they were appointed without the advice and consent of the Senate. First, the DC Circuit held that these appointments were invalid because they were appointed under the Recess Appointments power at a time when the Senate was not in recess….

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