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Archive for April, 2008

Is Fidelity National Default Solutions illegally sharing attorney fees? »

Gretchen Morgenson and Jonathan D. Glater wrote an excellent piece in The New York Times which discusses the law firms that handle foreclosures for mortgage servicers.
These firms, known as “foreclosure mills,” crank out thousands of foreclosures every year, and the biggest mills may be illegally “kicking back” fees to the biggest default servicing company, Fidelity [...]

Humane Society to Help Foreclosure Pets »

The Humane Society of the United States [HSUS] has announced a grant program designed to help cope with the problem of “foreclosure pets.” The numbers of such pets are increasing in the current economic crisis, and it affects both the pets and their owners.
“Dealing with a financial crisis is scary enough,” said Stephanie [...]

Beware the HOA when walking away »

Homeowners in developments with a homeowners association may find themselves liable for dues incurred long after they walked away from the property.  In California, those dues are a personal liability of the owner, unlike property taxes which stay with the property when a homeowner decides to let a property go to foreclosure.
In a departure from [...]