Auction firms beware >> An interesting issue raised and addressed by the Maryland Court of Special Appeals.
BURSON v. SIMARD

JOHN BURSON, ET AL.,v.DAVID SIMARD.

No. 35, September Term, 2011.
Court of Appeals of Maryland.
 

Filed: January 23, 2012.

 
Bell, C.J., Harrell, Battaglia, Greene, Adkins, Barbera, John C. Eldridge, (Retired, Specially Assigned), JJ.

 
 
Opinion by Adkins, J.
In yet another foreclosure case, we […]

So, is this déjà vu, all over again?
Not weighing in on the plans viability, with respect to solving the overall housing crisis issue, but today the federal government announced that it would overhaul a program that lets homeowners refinance mortgage loans at lower interest rates to […]

Bank of America is “discussing the proposal with state and federal officials who are prodding the country’s biggest banks toward a multibillion-dollar deal to atone for foreclosure errors…As the discussions dragged on past the mid-June target set by U.S. officials, Bank of America began pressing officials for a speedy resolution, and it put forward its principal […]

As published in the WSJ this morning, in an article penned by Dan Fitzpatrick, Nick Timiraos and Ruth Simon, turns out that the largest banks are ferreting through a myriad of hurdles and potholes, when it comes to settling the various private and governmental suits (both State and Federal) — totally way north of $17 […]

The biggest banks and mortgage lenders have amassed real estate empires they’d rather not have, owning a combined 872,000 homes as a result of the groundswell in foreclosures, almost twice as many as in 2007. They are also in the process of foreclosing on an additional 1M homes and may need to take possession of several million […]

After reading these 20 “really wacky statistics about the U.S. real estate crisis,” you may never want to own a home again. But that’s not stopping foreigners from swooping in to pick up cheap U.S. real estate, made even cheaper once exchange rates are figured in. 

All that is old is new again! Fannie Mae reported a net loss of $6.5 billion for the first quarter 2011, as a weakening housing market dashed hopes that the company had stabilized. Fannie said  would ask the government for a fresh taxpayer infusion of $6.2 billion after paying dividends to the Treasury. The loss […]

Here is the proposed Foreclosure Settlement (all 27 Pages), from all 50 States Attorney’s … Not light, but very interesting reading, indeed. Talk about “original” sources …. 50 State Attorney General 27 Page Settlement on Fraud Closures

The current U.S. housing crisis has left Americans worse off than they were 10 or 12 years ago, according to Professor Joseph Stiglitz.
Stiglitz now expects the housing situation at the root of the crisis to get worse. He expects an addition 2 million foreclosures in 2011, adding to the 7 million that have already occurred in […]

Attorneys who handle foreclosures for Fannie Mae will be able to charge as much as $1,300 per case in the state starting next month, a nearly 40 percent jump (or $350 more), that will make Maryland’s fee one of the highest in the nation. Read the full story …