Topic
Foreclosures
864 published works
PropertyProf Blog
Law Students Hanging Up Your Own Shingle: Want to Make Money and Do Good?
By propertyprof
1. Get a list of power-of-sale foreclosures conducted in your area in the past 5 years.2. Examine the record for that property at your local county recording office.3. See whether…
Massachusetts Land Use Monitor
Appeals Court Affirms Ruling That Lost Note Invalidates Mortgage
By Donald Pinto
In its decision issued this morning in JPMorgan Chase & Co. v. Casarano (pdf), the Appeals Court affirmed a Land Court ruling that, because the promissory note secured by a certain second mortgage…
PropertyProf Blog
Banks Make Crummy Landlords
By propertyprof
NPR has a piece up about what happens when banks end up serving as landlords over foreclosed property. In a nutshell, the results aren't pretty:Across the country, big banks and…
Mortgage Crisis & Financial Services Watch
The Soft Underbelly of the Federal and State Attorneys General $25 Billion “Robosigning” Mortgage Settlement with Big Banks
It's official: The federal government, 49 of the 50 States (all but Oklahoma, the lone hold-out) and the country's five leading bank mortgage servicers (none other than household names Bank…
Corporate & Financial Weekly Digest
Deadline to Request Review Under the Independent Foreclosure Review Extended to July 31
The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Federal Reserve) announced on February 15 that the deadline for submitting…
PropertyProf Blog
A Superb Report on Foreclosure Non-Compliance and Fraud, Well Worth Your Time
By propertyprof
The City of San Francisco has released a wonderful, empirical study of foreclosure non-compliance and fraud, based on a forensic survey of 400 foreclosures in the recent past. It is so…
PropertyProf Blog
Reaction to the Mortgage Foreclosure Settlement
By propertyprof
Following up on Mark's posts, Matt Yglesias from Slate has some reactions to the foreclosure fraud settlement. He gives a brief background on the case, then argues that the settlment…
PropertyProf Blog
Fun Game: Could Your AG Be Bothered to Compose Her Own Quotes?
By propertyprof
Today's foreclosure fraud settlement apparently came with a handy press release template for all the State AGs. Someone leaked it. Compare the template to what your AG announces by running a…
PropertyProf Blog
Foreclosure Fraud Settlement Demonstrates the Power of Capital Relative to the State
By propertyprof
Let's say I hire an armed gang to expel you from your house. My gang removes all of your belongings, changes the locks, and warns you that you'd better not…
PropertyProf Blog
Keep a Very Close Eye on the Foreclosure Fraud Settlement
By propertyprof
It seems as though every day for weeks now we've been told a settlement between state attorneys general and fraudulent foreclosers -- by which I mean the largest home mortgage lenders…