NY Says Ocwen Backdated Thousands of Foreclosure Letters, Company Shares Slide

“Ocwen also sent backdated letters to borrowers facing foreclosure that may have left them unable to avoid default, Benjamin Lawsky, the department’s superintendent, wrote in the letter to Ocwen general counsel Timothy Hayes.” ~ NY says Ocwen backdated foreclosure letters, company shares slide By Karen Freifeld and Peter Rudegeair Oct 21 (Reuters) – Ocwen Financial … Read more

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