The Arizona Business Gazette reports:Homeowners do not lose their legal protections against being sued for debt after foreclosure just because they have refinanced a mortgage, the state Court of Appeals has ruled.In a unanimous decision, the judges overturned a lower- court ruling that said Michael and Kelly Pasquan are liable ...
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Written by Administrator on April 2nd, 2012
Written by Administrator on April 2nd, 2012
In West Palm Beach, Florida, The Palm Beach Post reports:A Palm Beach County family that lost its home in a 2010 foreclosure judgment is getting another shot at its case after the 4th District Court of Appeal said a lower court was premature in ruling for the bank.In the case, ...
Written by Administrator on April 1st, 2012
Andrew Hamilton Williams, Jr., 61, Hollywood, Florida, was sentenced by U.S. District Judge Roger W. Titus to 150 years in prison followed by three years of supervised release for his participation in a massive mortgage fraud scheme which promised to pay off homeowners' mortgages on their "Dream ...
Written by Administrator on April 1st, 2012
Minnesota Public Radio reports:File this one under "nice try." The Minnesota Court of Appeals [] rejected a Grasston man's attempt to stop foreclosure proceedings against him because he listed himself as "single" on the mortgage application even though he was married.Thomas Graikowski of Grasston refinanced his mortgage in 2006, two ...
Written by Administrator on April 1st, 2012
Bloomberg reports:Merscorp Inc., operator of the electronic-registration system for about half of all U.S. home mortgages, got a court to set aside a bankruptcy judge’s opinion criticizing its right to transfer the mortgages among members.U.S. District Judge Joanna Seybert in Central Islip, New York, yesterday vacated part of U.S. Bankruptcy ...
Written by Administrator on April 1st, 2012
In Portland, Oregon, The Oregonian reports:With Oregon's state and federal courts singing a variety of different tunes on the mortgage industry's controversial nationwide document-registration system, someone will finally ask the state Supreme Court to step in. If the high court gives the system a thumbs down, it could throw a ...
Written by Administrator on April 1st, 2012
In Concord, New Hampshire, the Nashua Telegraph reports:A federal grand jury has indicted a former Nashua man whom investigators say was the ringleader of a mortgage scheme that duped financially strapped homeowners out of their properties, which were eventually lost to foreclosure.Michael Prieto will make his first appearance in U.S. ...
