News about properties and real estate
After Foreclosure, a Focus on Title Insurance When home buyers and people refinancing their mortgages first see the itemized estimate for all the closing costs and fees, the largest number is often for title insurance. This moment is often profoundly irritating, mysterious and rushed — just like so much of the home-buying process. Lenders require …
Continue reading “After Foreclosure Problems, Homeowners’ Eyes Move to Title Insurance”
What began as scattered accusations of shoddy paperwork and fudged documents is mushrooming into a full-blown crisis threatening to derail the foreclosure process across the country. Bank of America on Friday became the first big bank to temporarily halt foreclosures in all 50 states while it reviews hundreds of thousands of cases for potential paperwork …
Continue reading “Robo-signing controversy could derail nation’s entire foreclosure process”
Wells Fargo to aid Pick-a-Pay mortgage borrowers Wells Fargo agreed to provide about $67 million in mortgage relief to up to 700 New Jersey homeowners who have so-called Pick-a-Pay adjustable-rate mortgages, New Jersey Attorney General Paula T. Dow said today. The loans, also known as Pick-a-Payment mortgages, allowed the borrower to choose monthly mortgage payments …
Continue reading “Wells Fargo to aid Pick-a-Pay mortgage borrowers”
Mortgage Terminator: Condo associations sue banks, claim intentional foreclosure delays After winning a lawsuit against Wells Fargo that claimed the bank purposely delayed foreclosure proceedings on a condominium unit for more than a year, a Pompano Beach condo association has been awarded title to the unit without owing a dime on the original $184,400 mortgage. …
10 Best and Worst Markets for Real Estate Investors – Developments Tulsa, Okla., Albany, N.Y. and San Diego, Calif. have shot onto the list of the 10 best markets for conservative residential real-estate investors, according to an updated report by Local Market Monitor, Inc. Since its earlier ranking in August, Phoenix and Naples, Fla. are …
Continue reading “10 Best and Worst Markets for Real Estate Investors”
Wiregrass Ranch owners look to future [Tampa Bay Florida] During the housing boom, the Porter family made big plans for Wiregrass Ranch: thousands of homes; acres upon acres of shopping and office space; a hospital; a college and even a golf course. The housing collapse cost the Porters their development deal with Pulte Home Corp., …
Continue reading “Wiregrass Ranch owners look to future [Tampa Bay Florida]”