Jerilee Wei never expected to be living next to a cow pasture when she bought her home in Lakeland, Fla., in 2007. In her upscale community, newly constructed houses were selling for between $300,000 and $425,000. Then one mor…
U.S. Bankruptcy Court Judge Martin Glenn denied Wells Fargo’s request for permission to foreclose on Tandala Mims’s house in the Bronx for a second time on Thursday because he still wasn’t satisfied that Wells — as opposed to…
Las Vegas has always been a place of dreams, promising that pennies can turn into fortunes, cities can rise from the desert, and property values can rise without limit. But you can also lose your shirt there, and the real estate crash has hit Sin City harder than any other place in the country.
Continue reading A Winning Streak Goes Bust: Ghost Towns of Las Vegas [VIDEO]
A Winning Streak Goes Bust: Ghost Towns of Las Vegas [VIDEO] originally appeared on DailyFinance on Wed, 08 Dec 2010 07:00:00.
Filed Under: Economy, Real Estate, Video, Special Report
Most people raising the issue of false mortgage documents are homeowners facing foreclosure. And banks often respond that botched paperwork is a mere technicality — nothing to worry about. Then you find a case like Wells Fargo…
The mortgage industry has created a system meant to simplify the handling of loan documents. Instead, it’s legally shaky, makes tracking mortgage-note ownership extremely hard and may wind up throwing into doubt who actually co…