The Vacant Dead: The 50 US Cities With The Most “Zombie” Foreclosures

The Vacant Dead: The 50 US Cities With The Most “Zombie” Foreclosures Over the past five years, first as a result of the 2010 robosigning scandal and then due to the natural build up of a massive backlog of cases in judicial states, which in some cases is well over 1000 days, America’s conventional house … Read more

JPMorgan’s Fines To Date: The Cost of Doing Business

Chase Burning, an oil on canvas painting by Alex Schaefer. Alex Schaefer/via Ebay Courtesy of dividend.com: Misleading CDO Investments Quick Stats JP Morgan fined $153.6 million Settled on 6/21/2011 Case Details The SEC settled with JP Morgan after it was discovered that the company misled investors on the complexity of a number of CDOs that … Read more

Wells Fargo in Hot Water Over Force-Placed Insurance Kickback Allegations

Big bank in hot water over kickback allegations Wells Fargo is once again in hot water, this time over force-placed insurance. The banking giant, along with perennial defendant Assurant, is being sued in federal court over an alleged force-placed insurance kickback scheme, in which plaintiffs claim that Assurant artificially inflated premiums on insurance in order … Read more

After Nearly 35 Years in Business, Mortgage Law Firm Butler & Hosch Closes Down

After Nearly 35 Years in Business, Mortgage Law Firm Butler & Hosch Closes Down Mortgage banking industry law firm Butler & Hosch, P.A. filed an Assignment for the Benefit of Creditors to Florida law firm Michael E. Moecker & Associates, an action analogous to Chapter 7 bankruptcy. Butler & Hosch closed their doors this week and laid … Read more

Florida Foreclosure Defense: Palm Beach County Trial Win for The Law Offices of Evan M. Rosen

Florida Foreclosure Defense: Palm Beach County Trial Win for The Law Offices of Evan M. Rosen Cross-posted from The Law Offices of Evan M. Rosen Just before trial starts, the Judge asks to see the file. She wants to review the Complaint and Answer. She takes a few minutes and then trial starts. Both sides … Read more