Browsing All Posts filed under »Foreclosure«

Rise of the foreclosure zombies….

July 15, 2014

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Apparently, the  Consumer Financial Protection Board (CFPB) is having a difficult time locating homeowners who have deserted foreclosed on properties—known in parlance as “Zombie foreclosures.” Despite a mortgagor being in trouble and possibly losing their property, if they aren’t keeping up with the repairs, landscaping, etc, they can be charged with “abandonment”—even if the house is […]

Foreclosure “Fast Track” Proposal

July 10, 2014

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The federal government is beginning a “fast track” foreclosure program to deal with the massive number of re-possessed and abandoned properties Although the Obama administration is in favor of “Fast track” foreclosure, there has been a bipartisan effort in Congress to stop this based on the idea that “Fast Track” usurps Congressional authority over trade […]

Asian Investors Buying US Real Estate

April 23, 2013

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Often, these homes are not desired as a place to live, but as a place for children to live many years in the future.

Banks Change Tactic in DC Foreclosures

March 26, 2013

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Above is an attorney who is known for his robo-signing techniques while foreclosing on people’s houses for mortgage companies. His name is Stephan Baum. Mortgage companies are now suing in DC Superior Court for foreclosure rulings.  Usually, DC is a non-judicial foreclosure jurisdiction.  That means that the bank does not have to go in front […]

Mortgage Settlement Agreement Makes Fraud a Business Expense – Washington Post

March 20, 2012

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The Big Picture blogger Barry Ritholz explains the mortgage fraud settlement agreement. Do not think that this agreement limits your personal ability to sue. It does not. Call Axsmith Law to talk to an attorney about your options.

Occupy DC Saves Grandmother’s Home From Foreclosure

March 13, 2012

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The Huffington Post and Washington Post reports: “ WASHINGTON — Occupy Our Homes-DC, a housing-focused group related to Occupy DC, scored a victory in its goal of saving a Bowie, Md., grandmother’s home from eviction, reports The Washington Post. An hour after some 50 protesters began demonstrating outside of Freddie Mac’s downtown D.C. offices on Monday, the […]

Occupy DC Protests Freddie Mac Foreclosure of One Family

February 29, 2012

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An elderly woman is being championed by Occupy DC because Freddie Mac foreclosed on her home even though she had the ability to pay her mortgage. Why? Because they repeatedly lost her paperwork. Sadly, losing the paperwork of homeowners is a very frequent occurrence during the loan modification process. More than that. homeowners were often […]