The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

The Stealth Problem of Predatory Mortgage Modifications If you look from 50,000 feet, there are two sides to the debate over mortgage modifications. On the one hand, a surprisingly large group, which includes beleaguered homeowners, mortgage investors and town and municipal governments, all favor mortgage modifications, particularly principal modifications. Their argument is simple. If you are dealing with a big enough loan, it’s always better for a bank to take half a loaf rather than none when a borrower gets in trouble….

Behind the Rise in House Prices, Wall Street Buyers The last time the housing market was this hot in Phoenix and Las Vegas, the buyers pushing up prices were mostly small time. Nowadays, they are big time — Wall Street big. Large investment firms have spent billions of dollars over the last year buying homes in some of the nation’s most depressed markets….

Fed Up Homeowners Start to Protest The frustration targeted toward big banks is not anything new – quite the contrary. Over the years, many people have voiced their concerns about how these banks are merely receiving a slap on the wrist for the massive amounts of damage that these banks caused to homeowners across the nation….

Foreclosure inadequate





Deeds in Lieu of Foreclosure: Naughty or Nice? A deed in lieu of foreclosure allows a lender to take possession of a property securing a delinquent loan without going through the increasingly messy and costly foreclosure process. It allows a homeowner to walk out from under a mountain of debt without….

Reid is among millions of borrowers receiving checks meant to compensate what federal officials have characterized as lenders' lax, botched or abusive procedures during the height of the foreclosure crisis. Thirteen of the nation's major lenders are making the payouts….

The Sad Future of Housing According to Zillow The Banks have been paying a lot of money to plant articles around the country and in media generally to give us the impression that the recession is over, they did their job in preventing it, and the housing crisis has turned the corner with prices rising…. Waypoint Files for Latest Foreclosure-to-Rental IPO

CFPB fills empty posts, government agencies



CFPB Director Richard Cordray appointed Dan Smith to serve as the first, assistant director for the newly-created office of Financial Institutions and Business Liasion. He comes to the CFPB after serving Freddie Mac as director for industry and state regulations….

Momentum for the single-family rental business has been building for a few years now. As Waypoint notes in Tuesday’s filing, there were 4.1 million completed foreclosures between September 2008 and 2012, presenting an unprecedented opportunity for investors—

Homeowner/Foreclosure Legal Q&A
When a property is foreclosed upon, what is the process that leads to it being auctioned in Cobb County, Georgia? >>>> Can i do a reverse foreclosure? >>>> Landlord Losses Home In Foreclosure >>>> Can proving mrtg fraud and pred. lending at an adversary proceeding in chap7 bnkrptcy help get our home back after forclosure? >>>> What happens to the 2nd mortgage? >>>> Lis Pendens 12/2009, FWOP 12/2011 since then no action other than recent Assignment of Mortgage >>>> The bank never sent a certified letter, but my husband got served foreclosure papers >>>> After wrongful foreclosure can we pursue the mortgage company for damages? >>>>

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