Federal regulators have come to an agreement with 10 major U.S. banks with regard to foreclosure abuses perpetrated in 2009 and 2010. The agreement may affect up to an estimated 4.4 million homeowners. However, as of December 13, 2012, only 356,000 of eligible homeowners had applied to be part of the class action lawsuit. The [...]
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Attorney Attempts to Stop Mortgage Fraud
Tim Hogan, an attorney representing two homeowners facing foreclosure asked Maricopa County Superior Court Judge Mark Brain to block Arizona lawmakers from raiding the mortgage assistance fund to help balance the budget. According to Hogan, who works with the Center for Law in the Public Interest, the state was given $97 million in a nationwide [...]
California Pulls Out of Foreclosure Talks with Nation’s Biggest Banks
Claiming that a proposed settlement with some of the nation’s largest banks over foreclosure abuses was wholly inadequate, California Attorney General Kamela D. Harris has decided to walk away. According to Ruth Simon and Nick Timiraos of The Wall Street Journal in “California Pulls Out of Foreclosure Talks,” all 50 states were participating in settlement [...]
Real Estate and the Law
Real estate law is one of the most specialized areas of the legal profession. Because real estate can be complex and involve large sums of money, you may need the expertise of a real estate lawyer. Real estate matters may come up in any of the following categories: Commercial real estate Residential real estate Real [...]
