Mortgage companies want to destroy 22,500+ documents.Read the fully story.That’s a good way to get around your obligations.You can’t script this stuff …. reality is better than fiction.What do you think?

A MAJOR RULING: In a major ruling Friday (January 14, 2011), a coalition of nonprofit defense lawyers and consumer protection advocates in Maryland successfully got over 10,000 foreclosure cases managed by GMAC Mortgage tossed out, because affidavits in the cases were signed by Jeffrey Stephan, the infamous GMAC “robo-signer” who attested to the authenticity of […]

In a ruling that may affect foreclosures nationwide, the NYTimes reports that the Massachusetts high court has voided the seizure of two homes by Wells Fargo & Company and US Bancorp  after the banks failed to show that they held the mortgages at the time of the foreclosures. 

Friday’s decision by the Supreme Judicial Court of Massachusetts, which upheld […]

If you’re in the market to buy a foreclosed house here is a quick and easy a way to find properties in your area that are either in pre-foreclosure or are already owned by a bank. Here are the basic steps.
1. Enter an address at Google maps.
2. Click on the “More” tab in the top right corner of […]

We are now in an era of unearthing organizations that we never before focused on. One such creation is MERS (Mortgage Electronic Registration Systems).
This institution has taken center stage recently and is significant in that it actually changed the land-title system that this country - for much of its history - has relied upon to determine legal ownership […]

Even as August 2010 saw more Americans get foreclosed on than in any other month on record, there are growing concerns over the legality of many of those proceedings.
We at MylesTitle and MarylandCommercialTitle.com have reason to believe that the 250,000 or so people who bought their foreclosed home in Q2 2010, not to mention the millions over […]

Talk about the housing dominoes now falling at a fast pace. Banks repossessed a record number of U.S. homes in the Q2 2010, but slowed new foreclosure notices.

There is a six-fold increase in homes starting the foreclosure process, and …
1 in 78 homes received at least one foreclosure filing in the 1st-half 2010 and […]

Fitch reported today the commercial real estate (CRE) values continue to decline giving rise to greater loan losses on CRE. On the average throughout 2009, lenders recovered ONLY 43 cents on the dollar on distressed loans. And there’s more bad news; they see the loss rate only going up.

The average loss severity rate or the ratio […]

Residential foreclosures in Maryland jumped nearly 7.5 percent from April 2010 to May 2010, putting the state among the 10 worst states in the nation for foreclosures.

One in every 399 homes in Maryland received a foreclosure filing in May 2010, according to RealtyTrac.
In Maryland, there were 5,852 filings in the month, a 65 percent increase […]

Most are arguing recovery, yet most of the data is negative and scary. Here’s a datapoint for you  to chew on …
RealtyTrac reports that foreclosure filings were reported on 367,056 properties in March 2010, an increase of nearly 19 percent from the previous month, an increase of nearly 8 percent from March 2009 and the […]