Rudson Tren

Foreclosed Lake Homes In Minnesota and Energy Bills

For those of you who remember the early 1970s, you will also remember a push towards energy conservation that was a response to the oil crisis of the day, and that philosophy can be used to save money when you’re looking at foreclosed lake homes in Minnesota or any other part of the country. Remember that foreclosure sales in Minnesota were way down in the third quarter, and that means... (posted by Rudson 1 year 163 days ago.)

Banks May Not Have the Legal Authority to Foreclose

In the hearing of the Senate Banking Committee last week, a surprising revelation was exposed by several testifiers. A law professor, a state judge, and a number of consumer attorneys revealed a systemic dilemma. According to them, in numerous instances, mortgage lenders that attempt to foreclose properties do not have the legal authority to do so. Law professor Christopher Peterson from the University... (posted by Rudson 1 year 163 days ago.)

Bank of America Boosts Loan Modification Services

Bank of America Corp has reassigned about 2,500 of its mortgage origination personnel as loan modification officers. The action is part of the bank’s commitment to provide better and more effective service to numerous distressed mortgage borrowers who are seeking assistance to avoid possible foreclosure. The lender is apparently attempting to address persistent complaints from numerous borrowers... (posted by Rudson 1 year 164 days ago.)

Nevada Supreme Court Considers Foreclosure Mediation Program Changes

The Nevada Supreme Court is set to again consider proposed amendments to the existing rules that comprise the current Nevada Foreclosure Mediation Program. The program is now on its second year. The court acknowledges that several additional changes to the rules would make the current program process more responsive and efficient. Those changes are set to benefit the lenders and the... (posted by Rudson 1 year 164 days ago.)

Issues with Processing of Foreclosure Homes May Result in Penalties

U.S. bank industry regulators are reportedly keen on imposing criminal fines and penalties as early as January 2011 in relation to alleged anomalies in lenders’ processing of foreclosure homes. According to reports, the results of regulators’ investigations may serve as basis for any prosecution that will be pursued and for changes in mortgage servicing standards. According... (posted by Rudson 1 year 164 days ago.)

Foreclosure Sale of Strawberry Park Set

Numerous buyers and investors who have been eyeing the popular Strawberry Park Resort Campground in Preston, Connecticut, could look forward to February 2011. This is because a possible foreclosure auction sale of the property is set on February 26. People privy to the issue asserts that it is very likely that the foreclosure sale would proceed. Strawberry Park was foreclosed after its owner, Hyman Biber, has... (posted by Rudson 1 year 165 days ago.)