Dec 20th 2010 2:02PM
In New York State, foreclosures have dwindled dramatically, but it's not due to some huge upswing in the housing market. Rather, it's the result of a state judge's ruling in October that banks must reaffirm that they know their foreclosure documents are accurate based on their own examination of the paperwork. Abigail... Continue Reading »
Sep 3rd 2010 12:48PM
Fannie Mae won't fade away so easily -- at least not before it strikes some fear into sluggish loan servicers. The company has announced that it will penalize loan servicers who take too long to process foreclosures that clearly don't qualify for a short sale or loan modification. The fines will be based on a formula that... Continue Reading »
Jun 8th 2010 2:00PM
With the average foreclosure now taking 438 days, delinquent borrowers are finding that they can live in their homes without making mortgage payments for at least a year. But there is a catch. That nationwide average may not apply in your state. The states with the longest wait time before foreclosure are those states... Continue Reading »
