WHOA! Foreclosure Mill Head, Marshall C Watson, Faces Florida Bar Suspension, Closure of Firm

“One of Watson’s attorneys was paid $1 for each Affidavit of Reasonable Fees, which purported to attest, under oath, to the truth and accuracy of information contained in the document. But an unknown number of 150,000 affidavits signed by this attorney were not completed in the presence of a notary as required. Also, “in numerous … Read more

Bank of America to Settle with Fannie Mae for Roughly $11.6 Billion to Clear Up All Claims

“A separate settlement over foreclosure delays will result in Bank of America paying $1.3 billion to Fannie Mae, the mortgage company said” ~ Bank of America to settle with Fannie Mae, sell mortgage assets (Reuters) – Bank of America on Monday announced roughly $11.6 billion of settlements with mortgage finance company Fannie Mae and a … Read more

It’s Settled | Independent Foreclosure Review to Provide $3.3 Billion in Payments, $5.2 Billion in Mortgage Assistance

Banks Put Linda Green Behind Them With $10 Billion Robosigning Settlement From the Fed: Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board to pay more … Read more

The Foreclosure Crisis and Its Impact on Tenants – A Collection Of Cases, Articles and Resources

The Foreclosure Crisis and Its Impact on Tenants There are estimates that nationwide as many as 40% of the families that face eviction due to foreclosure are renters. Depending upon the local market, this percentage may vary. The consequences for tenants residing in properties that have been foreclosed upon are often dramatic, and may include … Read more