Michigan Supreme Court: People vs March – Larceny Charges Dismissed After Fixtures Taken from Foreclosed Home

“Hamood inspected the home on February 10, 2013, the day after the redemption period expired. Inside, he noticed various items missing, including kitchen cabinets, the kitchen countertop, a furnace, duct work, interior doors, a hot water tank, and an exterior air conditioner.” ~ Michigan Supreme Court: People vs March – Larceny Charges Dismissed After Fixtures … Read more

750,000 Californians Past The Age Of 65 Are Still Working

750,000 Californians Past The Age Of 65 Are Still Working Regular readers are well aware that residents are rushing out of California in droves for many reason, least of which is the high cost of living. For those older California residents that choose to stay however because they simply can’t uproot their lives and start … Read more

Misapplied Payments: Homeowners File Suit Against Servicer, Trust Over Alleged Breach of Contract

Property owners file suit against financial institutions over alleged breach of contract SAN FRANCISCO – Martinez property owners have filed suit over their mortgage payments. John Roemer and Paula Roemer filed a complaint on June 21 in the U.S. District Court for the Northern District of California against Fay Servicing LLC, U.S. Bank Trust National … Read more

Starter-Home Concept Dying, Survey Says

Starter-Home Concept Dying, Survey Says A new survey suggests that the traditional “starter home” might be dying. The survey, commissioned by Bank of America, found that 75 percent of non-homeowners who want to buy a home want to skip a starter home in favor of a home they can grow into. That desire for a … Read more

The American Nightmare: Home Ownership at 48-Year Low

American Nightmare: Home Ownership at 48-Year Low Home ownership is at a 48-year low, driven in part by a shocking pattern of foreclosure that put 9.4 million out of their homes during the recent recession, according to a Harvard survey. In its “State of the Nation’s Housing 2016,” Harvard said that “the U.S. homeownership rate … Read more

National Mortgage Settlement: Ocwen Consumer Relief Reports Q2, Q3, Q4 2015

Ocwen Consumer Relief Q2, Q3, Q4 2015 June 23, 2016 Joseph A Smith, Jr. released Ocwen’s self-reported consumer relief through the second, third and fourth quarters 2015. Ocwen reported its consumer relief activities from the second, third and fourth quarters 2015 under the National Mortgage Settlement (NMS) to Monitor Joseph A. Smith, Jr. According to … Read more

More Recovery! The Number of Million-Dollar Homes in the U.S. Has Doubled in Four Years

The Number of Million-Dollar Homes in the U.S. Has Doubled in Four Years They have their own word for million dollar listings in San Francisco: Listings. There were 190,000 homes worth at least $1 million in the San Francisco metropolitan area in May 2016, or 57 percent of the city’s housing stock. That’s three times … Read more

LinkedIn: ‘Chain of Title’ Specialist Servicing Operations at Ocwen

Ocwen Employee admits she “Creates needed Documents” Courtesy of Livinglies.com Yesterday, we did have a good laugh. While doing some preliminary research on a “corrective” Assignment of Deed of Trust, we did a little background on an employee at Ocwen who had signed the assignment.  We discovered a profile for the document signer Amber K. … Read more

Wow… Quicken Loans Now Offering 1% Down Mortgages… But Not For Everyone???

Wow… Quicken Loans Now Offering 1% Down Mortgages… But Not For Everyone??? Not sure where to even begin with this so let’s just go straight to HW’s report… So how does Quicken Loans get from 1% down from the buyer to the 3% necessary to take part in Freddie Mac’s program? Quicken grants the extra … Read more

C’mon Cleveland: Man Threatens to Burn His Foreclosed Home – and Everybody in it…

C’mon Cleveland: Man Threatens to Burn His Foreclosed Home – and Everybody in it… PEPPER PIKE, Ohio — Welfare check, psychiatric situation; Ginger Wren Road: Cuyahoga County Adult Protective Services, along with a mobile crisis unit, were on the scene with elderly residents on the morning of June 20, where the husband was threatening to … Read more

NY Times: Countrywide Mortgage Devastation Lingers as Ex-Chief, Angelo Mozilo, Moves On

“Countrywide was one of the greatest companies in the history of this country and probably made more difference to society, to the integrity of our society, than any company in America in the history of America”  ~ Angelo Mozilo ~ Countrywide Mortgage Devastation Lingers as Ex-Chief Moves On Angelo Mozilo can finally get on with … Read more

Foreclosure Mill, Butler & Hosch, Which Collapsed Suddenly in 2015 is Facing $12 Million Dollar Lawsuit

Closed Orlando law firm Butler & Hosch sued for $12 million Orlando-based Butler & Hosch law firm, which collapsed suddenly in 2015, and its founder are facing a new $12 million dollar lawsuit. The new lawsuit was filed Tuesday in Baltimore federal court, by former business partners of Robert Hosch Jr. — attorneys Mark and … Read more