Americans are losing their homes to foreclosure in record numbers. There is no agreement as to whether an end is in sight. Federal and State legislators, executives, and judges address the foreclosure crisis daily, with new legislation, policies, directives, and in individual and class litigation, as they attempt to balance the multiple interests at stake, apply rules of law [...]
Posts under ‘Foreclosure Forum’
Foreclosures Suspended in South Carolina
The Supreme Court of South Carolina has temporarily suspended foreclosures, to allow time for homeowners who qualify under federal programs to apply for loan modification.
Foreclosure Defense in Colorado: Who Is Suing You?
A homeowner facing a foreclosure in Colorado may believe - mistakenly - that the only issue is whether the homeowner is in default in making payments on the loan. It is not that simple, especially these days. Colorado law is clear that other issues may be raised in a foreclosure hearing. Perhaps the most significant issue, in [...]
OTS Urges Temporary Suspension of Home Mortgage Foreclosures
The Office of Thrift Supervision of the U. S. Department of the Treasury has urged savings associations and holding companies under its purview to temporarily suspend foreclosures of owner-occupied homes until the Financial Stability Plan proposed Tuesday by Treasury Secretary Timothy Geithner is finalized. John M. Reich, OTS Director, says the plan will be in place [...]