The residential real estate market is drowning in foreclosures, and the problem is broadening and worsening. Similar bad loans have been made in commercial real estate, so why isn’t there a comparable flood of commercial forecl…
That would be in California, Texas and 25 other states where the lender doesn’t have to go to court to foreclose. Except in rare instances, lenders can use fraudulent paperwork with impunity in those states. A closer look at C…
Despite new federal laws designed to protect them, many tenants are caught up in foreclosure dramas as building owners struggle to hold on to their properties. And if the real estate market doesn’t improve soon, the problem cou…
The U.S. government’s bailout has been less than effective in helping U.S. homeowners avoid foreclosure and could end up costing more than expected, according to a report from the Troubled Asset Relief Program’s special inspect…
A lack of staff in the face of overwhelming volume is the excuse banks give for turning to robo-signers to speed foreclosures, and for their inability to manage the the mortgage modification process. Now, a class action against…