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

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

FHFA Working Paper: How Low Can House Prices Go?

Working Paper 15-1: How Low Can House Prices Go? Estimating a Conservative Lower Bound Published: 5/14/2015 Author:Alex Bogin, Senior Economist; Stephen Bruestle, Lecturer; William M. Doerner, Senior ​Economist ​​Abstract: We develop a theoretically-based statistical technique to identify a conservative lower bound for house prices.  Leveraging a model based upon consumer and investor incentives, we are able to … Read more

MERS Litigation — Brief Of Amicus Curiae The Legal Services Center of Harvard Law School And Law Professors in Support of The Appellee, Montgomery County, Pennsylvania, Recorder Of Deeds

SUMMARY OF ARGUMENT MERS represents a major departure from and grave disruption of recording practices in counties such as Montgomery County, Pennsylvania, that have traditionally ensured the orderly transfer of real property across the country. Prior to MERS, records of real property interests were public, transparent, and provided a secure foundation upon which the American … Read more