wrongful foreclosure lawsuit arizona
Many homeowners who are going through foreclosure may possibly not understand that they have alternatives to prevent losing their homes by challenging the rights to foreclose by the lender. Current legislation has been handed to handle the huge foreclosure crisis.
State Bank Regulators Site Chronic Underreaction At The Federal Level When Dealing With Wrongful Foreclosures
As foreclosures began to mount across the country three years ago, a group of state bank regulators suspected that some borrowers might be losing their homes unnecessarily. So the state officials asked the biggest national banks for details about their foreclosure operations… But even as it closed the door on state oversight, the OCC chose [...]
As the foreclosure crisis contunies on more and more judges are starting to rule in favor of the homeowner therefore stopping all foreclosure proceedings or even canceling the mortgages all together. One judge is getting alot of attention the in media as the judge that is “sticking to the ruthless bankers”. The majority of mortgages [...]
The foreclosure crisis is still with us and it is expected that another 3 million homes will receive foreclosure notices this year in 2010. However, many homeowners are discovering that their lenders may not have legal rights to foreclose and are carrying out wrongful foreclosures. This new discovery opens options for homeowners to challenge foreclosures [...]