BURDESHAW v. THE BANK OF NEW YORK MELLON: Hearsay – Final Judgment Reversed

LLOYD STEVE BURDESHAW and TERESA BURDESHAW, Appellants, v. THE BANK OF NEW YORK MELLON (FKA The Bank of New York), AS TRUSTEE FOR MASTR ALTERNATIVE LOAN TRUST 2006-2, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-2, Appellee. IN THE DISTRICT COURT OF APPEAL FIRST DISTRICT, STATE OF FLORIDA NOT FINAL UNTIL TIME EXPIRES TO FILE MOTION FOR REHEARING … Read more

Zombie Foreclosures Result in Millions of Delinquent Tax Revenue Dollars

Zombie Foreclosures Result in Millions of Delinquent Tax Revenue Dollars So-called “zombie” foreclosures have been known to lower property values of surrounding homes. But they also present another problem: property tax revenue lost, RealtyTrac recently reported. According to RealtyTrac’s most recent data on zombie foreclosures, about 21 percent of the 141,406 total foreclosures reported in … Read more

The Florida Bar: Cracking the Mortgage Assignment Shell Game

The Florida Bar: Cracking the Mortgage Assignment Shell Game By David Peterson a creditors’ rights litigator. Problem 5 — Who Has Standing to Foreclose the Mortgage? The provisions of Article 3 speak in terms of who is entitled to “enforce” an instrument. Thus, the solution to problem four must also be the solution to problem … Read more

Schools Close as Nurse’s Ebola Infection Ignites Concern

Schools Close as Nurse’s Ebola Infection Ignites Concern Some schools in Ohio and Texas were closed today after students’ potential exposure to a nurse with Ebola furthered fears of the disease spreading. Three schools in Belton, Texas, were closed yesterday and will remain closed today after Superintendent Susan Kincannon learned that two students, who attend … Read more

Ocwen Chairman’s Mansion Still on Market — Two Years After Shareholders Bought it for a Hefty Price

Ocwen Chairman’s Mansion Still on Market — Two Years After Shareholders Bought it for a Hefty Price Two years after mortgage company Ocwen Financial Corp. bought Chairman William Erbey’s Atlanta mansion for top dollar, the spread remains on the market — even after two price cuts. In an eyebrow-raising perk for a billionaire businessman, Ocwen … Read more