It is something that’s been abuzz in the real estate world for quite some time now: major banks and mortgage lenders freezing foreclosure proceedings amidst talks of fraud and robo-signing. The delay in foreclosure is supposed to be used to review the policies and procedures behind foreclosure proceedings. Lifting on the foreclosed properties, banks now come to their defense and Read full article »
Tag archives for Ally
Banks Lift Foreclosures, Saying Foreclosure Mess Is Just A Technical Issue
More And More Clamor For Halt In Foreclosures
When the country was hit by the economic crisis, the real estate market was hit the hardest. Even now, when the economy is already starting to stabilize, the real estate market is still struggling to keep its grounding – aside from the declining prices, the mounting number of foreclosed homes is proof of this. It is then no wonder that Read full article »
Racketeering Case Filed Against Ally And Citigroup
A popular bank and a mortgage servicer are being sued by homeowners in Kentucky for conspiring with a mortgage transfers company for falsely foreclosing on loans. It is a serious allegation and when proven true, then a lot of homeowners who are currently facing foreclosures just might get a chance to save their homes. Homeowners in Kentucky have filed a lawsuit Read full article »
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