Forbearance requests increase 100-fold in just seven weeks
Nationally, 7% of mortgages were in forbearance in mid-April.
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Tag: default
May a mortgage be assigned to a new loan servicer while it is in default?
Myles v. Pennymac Loan Services, LLC Facts: An owner defaults on a mortgage secured by their...
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Does a lender who discusses foreclosure alternatives with a defaulting homeowner need to initiate the discussion to comply with the Homeowners’ Bill of Rights?
Schmidt v. Citibank, N.A. Facts: A homeowner obtains a mortgage from a lender then goes into...
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May a trustee retain surplus funds from a foreclosure sale while a wrongful foreclosure action is pending?
Placer Foreclosure, Inc. v. Aflalo Facts: A homeowner obtains a mortgage from a lender, which is...
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Tax-defaulted property owners may not repurchase property for less than the minimum bid
A prohibition against repurchasing tax-defaulted property at a price below the minimum bid.
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Trustee’s fees in a nonjudicial foreclosure
Maximum base fees charged by trustees in a nonjudicial foreclosure have been increased.
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Then and now: Mortgage delinquencies
Mortgage delinquency rates have reached their lowest level since 2007.
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The Three-Day Notice to Pay Rent or Quit: a landlord’s remedy for a material breach
Form-of-the-Week: Three-Day Notice to Pay Rent or Quit – With or Without Rent-Related Fees – Form...
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Is rent paid and returned on a suspended lease due or in default when the lease is reinstated?
Is rent returned on a suspended lease due or in default when the lease is reinstated?
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Is an HOA required to accept partial payments on a delinquent assessment lien?
When is a homeowner’s association able to foreclose on an owner for delinquent assessment payments?
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Can a lender obtain a deficiency judgment against a borrower who agrees to repay the loan balance in a short sale agreement?
A borrower obtained a home equity loan secured by a second trust deed on their property. The borrower defaulted on their first loan and the first lender initiated foreclosure. The borrower sought to dispose of the property through a short sale and located a buyer.
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