Litigation related to loan servicing, including escrow issues, transfer of servicing and servicing borrowers in bankruptcy and foreclosure. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story BAC Home Loan...
Over the past several years, those who service loans in the State of Washington(1) have seen a dramatic rise in the number of lawsuits in which delinquent borrowers seek to quiet title to their homes on the grounds that lenders are barred from foreclosing based on...
The mortgage industry has fundamentally changed over the previous 10 years, particularly as we�ve shifted from a refinance-driven environment, to focus more on purchase originations. A number of lenders have built successful businesses around the last two decade�s...
The New York Appellate Division, Second Department, recently decided an issue of first impression concerning the evidence necessary to prove the de-acceleration of mortgage debt in a residential foreclosure action.1 The borrower commenced an action to cancel and...
Creating an optimal customer experience has become increasingly critical for mortgage servicers as each customer’s business becomes harder to earn and retain. Most servicers outsource the complex process of homeowner insurance tracking and must ensure their insurance...
It’s no secret that the process of buying a home can be lengthy and fairly complex – between funding, making an offer, negotiating with the seller to win over the home, and ultimately setting a closing date. Although there were presumably points of confusion and...
Responsibilities of a Real Estate Attorney Reviewing documents - such as purchase agreements, title documents, mortgage docs, transfer documents and typically represents a buyer or a seller. They are certified professionals who oversee the legal aspects of real estate...
Homeowners insurance is a type of insurance that provides financial protection against damages to your home, as well as your personal belongings. It is important to have homeowners insurance if you own a home, because it can help protect you from costly repairs or...
Your train has finally arrived at the station. Congratulations you have made it to the closing table after months of house hunting, jumping through the hoops for a successful loan process and mountains of paperwork. Typically, this paperwork journey takes about 4-8...
When supply is low and demand is high, it’s important to arm yourself with an awareness and expectation that the house of your dreams may enter into a bidding war. Competing for a house, with multiple offers pushing the price higher, may seem like a less than an ideal...
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