Foreclosure activity slipped 3 percent in November when compared to the previous month, but filings at various stages of the process showed starkly different movements, according to RealtyTrac’s latest market report. Scheduled auctions hit a nine-month high following the default surge that began in August. At the same time, RealtyTrac says REO activity is at …
Eleven mortgage servicers recently received letters from two senators inquiring about their policies regarding foreclosures in bankruptcy courts. Sen. Patrick Leahy (D-Vermont), chairman of the Senate Judiciary Committee, and Sen. Richard Blumenthal (D-Connecticut), a member of the committee, sent the letters after a review by the Executive Office for the United States Trustee “revealed that …
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Understanding Title Insurance Requirements for Insuring Living Trusts In today’s world of busy probate courts and a desire for privacy, the living trust has become a common manner of holding title to real property. What will the title company require if a trustee holds the title to the property which is part of the trust? …
“Foreclosure auction sales in states along the West Coast have bounced back to levels not seen since robo-signing moratoriums went into effect last fall, the California-based tracking firm ForeclosureRadar reported Tuesday. The company’s coverage area includes the states of Arizona, California, Nevada, Oregon, and Washington. ForeclosureRadar says it recorded “significant increases” in all five states …
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