The CFPB’s proposed solution to abate pandemic foreclosures
In anticipation of the foreclosure moratorium expiration, the CFPB is proposing to modify its lending rules.
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Tag: foreclosure
Delinquent homeowners have not taken advantage of forbearance programs
It’s not too late to let your clients know about forbearance programs so they can keep their home when the moratorium expires.
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First-time homebuyers and new housing
Young homebuyers are expected to give residential construction a boost in the coming years.
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Letter to the editor: When a landlord is foreclosed upon, what happens to the tenant’s lease, security deposit and any prepaid rents?
Residential tenants have several protections when their rented residence is sold at a foreclosure sale to a new owner.
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Eviction and foreclosure moratorium extended on federally-backed mortgages
Temporary relief is in sight for homeowners with single-family federally backed mortgages as the foreclosure moratorium is extended through January.
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Foreclosure requirements shift in California
Lawmakers are shaking up Wall Street with the signing of a new law aimed at changing the foreclosure process in California.
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The “jingle mail” strategy
New homeowners relish the moment they accept the keys to their new home — so why are more and more of them considering returning the keys?
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Rising 90+ day mortgage delinquencies are the foreclosure shadow inventory
The longer the shadow grows, the greater the tidal wave of foreclosures to come.
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Foreclosure moratorium extended by FHA, Fannie Mae, Freddie Mac
HUD and the FHFA have announced an extension of the foreclosure moratorium for single family homes through the end of 2020.
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Does a trust deed holder owe a duty to a title insurance company who relies on a forged trustee’s deed?
WFG National Title Insurance Company v. Wells Fargo Bank, N.A.
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Will expiring CARES Act protections trigger a foreclosure wave?
Without legislation, the foreclosure moratorium will dam up the foreclosure inventory, to be released once the moratorium is lifted and the floodgates are opened.
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If an investor at a trustee’s sale mistakenly places a winning bid on a second trust deed believing it to be the first, may they later rescind the sale?
Matthew Matson v. S.B.S. Trust Deed Network
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Bankruptcy’s tie to homeownership
Does filing bankruptcy actually benefit homeowners seeking to avoid foreclosure?
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Are we heading toward a foreclosure crisis in 2020?
We are in the middle of a unique, global economic moment and the end result is still out of reach.
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Suspended foreclosures, evictions due to COVID-19 impacts
This article covers the various efforts to keep Californians housed during this period of social distancing and economic uncertainty.
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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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May a city record a special assessment lien against a foreclosed property for unpaid garbage collection fees?
Kahan v. City of Richmond Facts: A city government records a special assessment lien against a...
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Is Fannie Mae liable for money losses resulting from a false foreclosure report in its underwriting software?
Zabriskie v. Federal National Mortgage Association Facts: A homeowner defaults on their mortgage...
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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 lender prevent a homeowner from curing a mortgage default outside of a mortgage modification?
Turner v. Seterus, Inc. Facts: A homeowner experiences financial difficulties after losing their...
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