Foreclosure Nation

The Real Estate Settlement Procedures Act (RESPA) was enacted in 1974 primarily as a consumer protection measure to keep costs down including by avoiding kick backs and mandate the accurate disclosure of certain information. Though some benefits are acknowledged, RESPA has been long know in the i...

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The sad truth is regional and small banks are the most exposed. Almost 3000 of them are sitting on 300 percent risk to capital. ...

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For anyone who questions whether or not there is a looming commercail real estate crisis... Just under $400 billion in CRE matured this year and we are already seeing issues...many are only in the beginning stages of the default and forelcosure process now. Many presumed workouts will fail. A...

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My best guess is there were not one but several reasons behind the recent move to write Fannie and Freddie a blank check. One reason was clearly to send a message to MBS investors that they can hold onto what they own without worry and keep on buying. This will obviously keep relatively cheap mo...

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As a commercial real estate and foreclosure attorney, author, and occasional commentator on the subject, I must say that Amir Efrati’s observations of apparent tolerance for a vigilante judiciary in the face of our Nation’s massive foreclosure losses (“Foreclosure Challenges Raise Questions About ...

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A Homeowner’s Guide to Florida’s Foreclosure Mediation Process Now that the Florida Supreme Court has ordered that Banks foreclosing on homes in Florida try to resolve the mortgage loan default by mediating a loan modification, many of you may have some important questions. Here are some answers ...

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An estimated $75 billion is in default. As of November 728K trial modifications had been proposed. Only 31K had been made permanent. The biggest problem is allegedly borrowwers not turning in the required paperwork. Some banks only require some documentation to decide on a modification and t...

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An estimated 7 million housing units are said to be lurking in the shadows as lenders hold off on selling until prices increase, foreclosurees are delayed for a variety of reasons and investors buying distrseed properties with the intent of eventually reselling also wait to resell. All this as more...

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Homes listed for sale have been highest during June, July and August for all years since 2000 with the exception of this past year. Sales typically plummet in the Fall. These nromal trends have been upset by government intervetnion such as the home buyer tax credit....

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PREDICTIONS FOR 2010 The bad news is things will get worse before they get better. The good news is they WILL get better and we'll see the beginning of that turn around in. RESIDENTIAL Defaults and F...

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