The data enables us to identify the financial characteristics that make a defaulted borrower more (or less) likely to enter the foreclosure process. Our analysis of the NYSBD data suggests that borrowers in default who took larger loans are more likely to progress to foreclosure. It also ...
(sol). fapa was enacted to address perceived abuses by lenders in manipulating the sol to prolong the foreclosure process, which had adverse effects on homeowners and the judicial system. this essay explores how fapa has affected the sol for foreclosure actions in nys, its intent and purpose...
The reverse mortgage didn't cause Mr. Feil any harm. In fact, it's because of the HECM reverse mortgage that Mr. Feil was able to keep the home instead of losing it to foreclosure... (Continue reading) Tagged with:#retirementforeclosureHECMhecm for purchasehomeownersNew York Postreverse mor...
(responding to the complaint, defending the foreclosure action, and emergency orders to show cause). we can counsel and defend our customers in every way conceivable during the foreclosure process; these options are evaluated in light of the client's objectives and the current the process of ...
Connecticut has a distinctive mortgage foreclosure process, which is fully judicial. While there are many judicial foreclosure states, Connecticut’s relatively unique procedures and types of judgments are often confusing, especially to those familiar with the process in other jurisdictions. Of equal impo...
When you receive a Notice of Intent to Foreclose or a letter of acceleration of your mortgage debt, the foreclosure process begins. Make sure you retain an experienced attorney to take you through the entire process, which can last for many months or years, while you remain in your property...
(responding to the complaint, defending the foreclosure action, and emergency orders to show cause). we can counsel and defend our customers in every way conceivable during the foreclosure process; these options are evaluated in light of the client's objectives and the currentthe process of ...
1 However, it is all too common that a lender fails to submit this motion in a timely fashion. The law states that a failure to submit such a motion to initiate the default process within on year should lead the court to “dismiss the complaint as abandoned.”2 Several past cases in ...