This is huge news for all of us Real Estate wonks. MERS has just been struck down by a Federal Bankruptcy judge.As reported in NewsUnwrapped – a Blog written by local Baltimorean, Steve Meizlish, with the specific intent of Telling-The-Story-Behind-The-Story — we see what could be the beginnings of the unraveling of the Real Estate infrastructure as we […]

Is it really possible that Congress will waive its magic legislative wand and pass a bill to “forgive” banks for the potentially criminal errors they made in foreclosure proceedings?
In a blog column posted Friday, October 15, 2010 by John Carney, a CNBC editor, argues that lawmakers in DC won’t allow the country’s largest issuers of mortgages to suffer […]

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 […]

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 […]

The Pew Charitable Trust has just released a comprehensive 54 page report entitled: 

The American dream, of owing your own home and keeping it forever, has definitely changed. The sub-prime crisis has collided with changing societal mores into what looks like “the perfect storm.”
According to Inman News, and as reported on “60 Minutes” some homeowners have decided to walk away from their homes just because they have no […]

The New York Times reported that an Ohio federal judge blocked attempts by Deutsche Bank National Trust Company to foreclose on borrowers behind in their mortgage payments because the bank failed to produce evidence that it held the mortgages.
The court’s decision involved 14 foreclosure actions brought on behalf of mortgage investors. The bank was acting […]