Browsing All posts tagged under »Real Estate«

Foreclosure Settlement Checks Bouncing

April 29, 2013


According to, some of the checks sent out to homeowners as a settlement for illegal mortgage practices actually bounced.  That’s right, there was no money in the account of the bank to cover the check. ” And, according to the Federal Reserve, at least some of them bounced. The Fed phrased it this way: “Some early […]

Asian Investors Buying US Real Estate

April 23, 2013


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

Kentucky Attorney General Sues MERS

April 3, 2013


Attorney General Jack Conway filed a lawsuit in Franklin Circuit Court against MERSCORP Holdings, Inc., and its wholly owned subsidiary Mortgage Electronic Registration Systems, Inc. (MERS) for violations of Kentucky law. “This process undermines the integrity of Kentucky’s public land records,” Attorney General, Conway said. “Before the bottom fell out of the housing market, banks […]

Mortgage Settlement Agreement Makes Fraud a Business Expense – Washington Post

March 20, 2012


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


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 […]

California Attorney General Calls for Halt of Foreclosures

February 29, 2012


According to U-T San Diego, Kamala Harris is calling for a stop to all foreclosures on loans owned by Fannie Mae and Freddie Mac in the state of California.   If this would happen, it would put a lot of pressure on other states to do the same thing.  The inventory of real estate on […]

CalBank Set to Foreclose on Corona Synagogue

January 28, 2012


The LA Times reports that CalBank is preparing to foreclose on a synagogue, Congregation Beth Shalom, in Corona, California. “”No question, we took a hit on the amount of money coming in. We built at the worst possible time, like a lot of people around here,” said congregation President Bruce Williams. “We need some help […]