U.S. foreclosure filings increased last month, though year-over-year performance has been on the mend each month for more than a year now. New filings fell, however, in California — the state with the most activity. Meanwhile, U.S. mortgage servicers completed fewer foreclosures than in December. There were 3 percent more U.S. properties owned by delinquent [...]
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CA Foreclosures Fall Despite National Increase
February 16th, 2012 
davidguide 
Posted in Business Loans 
Tags: delinquent borrowers, fall, Foreclosure, Foreclosures, Mortgage, National, percent, post, repossessions, State 
Comments OffPotential Legislation Could Make Fla. Foreclosures Non-Judicial
September 21st, 2011 davidguide Florida’s governor and leaders of its legislature want to remove foreclosures from the judicial process in an effort to cut down on the time it takes to complete a foreclosure. There is, however, opposition across the isle to the Republican trio’s stance. While foreclosures in Arizona, another state with a high foreclosure rate, take less [...]
Posted in Business Loans Tags: effort, Foreclosure, Foreclosures, Governor, house speaker, Judicial, opposition, republicans, senate president, speaker, State Comments OffJudicial Foreclosures Hinder Florida Recovery
November 5th, 2010 davidguide In the last year or so, California’s housing market, though still weak, has begun recovering, while Florida’s remains on the critical list. Many experts say on key reason is the approach to foreclosure. California keeps things less complicated and largely outside the courtroom, making it easier for banks to seize and resell homes. Florida, like [...]
Posted in Business Loans Tags: approach, Banks, California, courtroom, critical list, Florida, Foreclosure, Foreclosures, Hinder, Housing, housing market, Judicial, list, market, reason, Recovery, year Comments OffIowa Asks Servicers to Halt Foreclosures
October 8th, 2010 davidguide Iowa’s attorney general has asked the three major mortgage companies to halt pending foreclosures in the state while his office investigates possible improper submission of documents to Iowa courts. The state contacted Ally Financial, Bank of America and JPMorgan Chase to request that they suspend pending foreclosure proceedings, foreclosure evictions and sheriff’s sales in Iowa. [...]
Posted in Business Loans Tags: Asks, Attorney, Foreclosure, foreclosure proceedings, Foreclosures, General, Halt, Iowa, iowa courts, jpmorgan chase, major mortgage, Mortgage, mortgage documents, office, Servicers, State Comments OffChase Freezes Some Foreclosures
September 30th, 2010 davidguide A spokesman for JPMorgan Chase & Co. said that the bank’s Chase unit is stopping some foreclosures. He explained that the move was being made to review how employees in its mortgage-foreclosure operations sign affidavits about loan documents. In some cases, employees “may have signed affidavits about loan documents on the basis of file reviews [...]
Posted in Business Loans Tags: amp, bank, Chase, Foreclosures, Freezes, JPMorgan, jpmorgan chase, Loan, loan documents, mortgage foreclosure, sign affidavits, Some, spokesman Comments Off
