Mortgages & Foreclosures. Legal news and articles for February 11 - 13, 2012

Legal issues halt condo sales at Boynton's PromenadeHiring rules don't apply to prosecutor, courtsHorror stories prompt industry group to ask Colorado to regulate HOA managersAMENDED NOTICE OF FORECLOSURE SALE . . .Zoning laws keep student rents highLegal/Public Notices for 02/12/12 - Substitute Trustee's Sales (2)Hospitals Flout Charity Aid LawRuling will help some households, but won't put end to housing crisisExclusive: Mortgage problems? Turn your house into a billboardBreaking the BankState AG Calls Foreclosure Settlement a Down PaymentLocation still rules in Sonoma County real estateConnecticut is among hardest hit by mortgage foreclosuresColorado tweak would make counties do more to get foreclosure profits to ex ...String of crises has one solution: More regulation

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DELAWARE: Sussex sheriff is rebuffed on legal authority to make arrests
Delmarva NowFebruary 25, 2012

In an opinion released Friday, the agency said neither state law nor common law allows sheriffs to make arrests, but urged Delaware's three county sheriffs to seek clarification from legislators to resolve the issue. "We think the wisest course for all ...more »

Six Questions for Trigild CEO Bill Hoffman
GlobeSt.comFebruary 24, 2012

Hoffman: Historically when workout solutions failed, lenders would the simply foreclose on the security for the loan and then sell the assets. However, during the foreclosure process the borrower may allow the property to significantly deteriorate, ...more »

Mortgages & Foreclosures. News and Stories

Legal issues halt condo sales at Boynton's Promenade
Palm Beach PostFebruary 13, 2012

Nagle has been successful in winning several judgments against the condo's developer, Boynton Waterways Investment Associates. Since the judgments have not been paid, the property's title now is clouded, and title insurers are wary.more »

Hiring rules don't apply to prosecutor, courts
Plain DealerFebruary 13, 2012

A federal jury convicted Common Pleas Judge Steven Terry in June of three corruption-related crimes involving the fixing of a foreclosure case for then-County Auditor Frank Russo and performing campaign work with court employees on county time.more »

Horror stories prompt industry group to ask Colorado to regulate HOA managers
Denver PostFebruary 13, 2012

At the CAI's request, the Colorado Department of Regulatory Agencies is conducting a "sunrise review" to determine whether HOA managers should be regulated. Nine states and the District of Columbia license or regulate community managers.more »

AMENDED NOTICE OF FORECLOSURE SALE . . .
New Bern Sun JournalFebruary 13, 2012

AMENDED NOTICE OF FORECLOSURE SALE 10 SP 445 Under and by virtue of the power of sale contained in a certain Deed of Trust made by Dan Ni and Shang Hua Chen to Shapiro & Kreisman, Trustee(s), dated the 14th day of June, 2006, and recorded in Book 2468, ...more »

Zoning laws keep student rents high
Minnesota DailyFebruary 13, 2012

Opponents of changing the zoning laws fear that changes will allow the construction of apartment buildings that will go unoccupied when the foreclosure crisis subsides and fewer people rent, turning the neighborhood into a slum.more »

Legal/Public Notices for 02/12/12 - Substitute Trustee's Sales (2)
Murfreesboro PostFebruary 13, 2012

The sale will be conducted subject (1) to confirmation that the sale is not prohibited under the US Bankruptcy Code and (2) to final confirmation and audit of the status of the loan with the holder of the Deed of Trust. The notice requirements of TCA ...more »

Hospitals Flout Charity Aid Law
New York TimesFebruary 13, 2012

Like New York, several passed laws curbing hospitals' pursuit of unpaid bills, including Illinois, California and Minnesota. But a new study of New York hospitals' practices and state records finds that most medical centers are violating the rules...more »

Ruling will help some households, but won't put end to housing crisis
Austin American-StatesmanFebruary 13, 2012

The $25 billion foreclosure settlement announced last week among five major banks and 49 states, including Texas, is a modestly positive step out of the housing crisis of the past several years. The settlement sets aside $287 million for Texas ...more »

Exclusive: Mortgage problems? Turn your house into a billboard
ReutersFebruary 12, 2012

In return for allowing the front of their four-bedroom house to become a garish advertisement, the Hostetlers are getting their nearly $2000 monthly mortgage paid by the marketing company behind the project, Brainiacs From Mars.more »

Breaking the Bank
Daily BeastFebruary 12, 2012

California's attorney general, Kamala Harris, fought fiercely to make banks pay for the foreclosure crisis. Now there's a deal-But is it good enough? Kamala Harris is known for her entrances. A political crusader and cultural-barrier breaker, ...more »

State AG Calls Foreclosure Settlement a Down Payment
WNEDFebruary 12, 2012

It also preserves the right to pursue criminal prosecutions of the banks, including a lawsuit already filed by the AG against MERS, an electronic mortgage company that he says was used to evade local mortgage recording laws, and in some cases, ...more »

Location still rules in Sonoma County real estate
Santa Rosa Press DemocratFebruary 12, 2012

But times have changed, even in January, often the doldrums for home sales. In 2011's bumpy real estate market, Rohnert Park and neighboring Cotati saw their biggest home sale numbers in five years. Single-family sales rose 21 percent last year, ...more »

Connecticut is among hardest hit by mortgage foreclosures
TheDay.comFebruary 12, 2012

Jeff Gentes, managing attorney for foreclosure prevention at the Connecticut Fair Housing Center in New Haven, said one out of every 11 homeowners in the Norwich-New London area is 90 days or more behind on his or her mortgage payments.more »

Colorado tweak would make counties do more to get foreclosure profits to ex ...
Denver PostFebruary 12, 2012

Jahn has introduced a bill that tweaks laws governing foreclosure procedures. She worked with Sen. Tim Neville, R-Littleton, on an amendment to help former homeowners. The profits occur when a house sells at foreclosure for more than what's owed.more »

String of crises has one solution: More regulation
Minneapolis Star TribuneFebruary 11, 2012

"Rules to prevent financial fraud, or toxic dumping, or faulty medical devices, don't destroy the free market," the president said. "They make the free market work better." In the same breath, he added: "I've ordered every federal agency to eliminate ...more »

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