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Are Banks the Reason for Failing Loan Modifications? Another Foreclosure Paperwork Problem with Florida Lenders.

In today’s Sun Sentinel, reporter Diane C. Lade exposes yet another paperwork problem for Florida lenders:  in an article entitled, “Lawyers say they’re forced to cancel mediations when lenders hold back disclosures, ” Lade points out that many...

Bankers Warned to Think Twice Before Going After Deficiency Judgments After Last Week’s News of Overestimated Number of Strategic Defaults

Deficiency judgments are sometimes sought in lawsuits brought by banks when a home goes through a foreclosure sale and afterwards there is still an amount left owing on the mortgage note.  Being left with money still owed to the financial institution after already...

Florida Judge Holds Lawyer in Contempt for Bad Foreclosure, Dismisses July 2010 Foreclosure Judgment, and Bans Bank From Refiling

Florida Circuit Court Judge Maxine Cohen Lando is joining with members of the judiciary across the country (especially Massachusetts) in coming down hard and decisively in cases involving fraudulent documentation in foreclosure proceedings.  In fact, Miami-Dade Judge...

Citigroup Example: Will Your Bank Negotiate a Settlement of Your Wrongful Foreclosure Claim? It’s Looking Better All the Time.

Citigroup has begun negotiating financial settlements of wrongful foreclosure claims; in fact, Citigroup has been quietly doing this for several months now.  In its analysis of reporting published by Bloomberg last week, Propublica points out that Citigroup has been...