Home Equity Theft Reporter: The state Department of Justice filed a brief in the 9th U.S. Circuit Court of Appeals, arguing that the Mortgage Electronic Registration Systems, or MERS, can’t stand in for lenders when it comes to county records in what’s called "a non-judicial foreclosure" — one that does not go through court.
· The IRS included the discharged debt in income and the Tax Court agreed. While there is an exception for reporting discharged debt if it relates to the taxpayer’s principal residence, the petitioner failed to prove that the home to which the cancelled mortgage debt related was his principal residence.
The Saga Continues- C. Rick Koerber and Franklin Squires Fraud, Submitted by James Deluth IF YOU ARE A VICTIM OF FRANKLIN SQUIRES, C. RICK KOERBER, OR ANY RELATED ENTITIES, PLEASE EMAIL INVESTIGATIONS@FRANKLINSQUIRESLAWSUIT.COM OUTLINING YOUR STORY IN A DETAILED FORMAT.
The Home Equity Theft Reporter: Consumer Advocate’s Effort To Wipe Out Delinquent Mortgage Debt Held By Lenders Unable to Prove Right To Foreclose About To Begin In Florida The Short Sale That Got Away The short sale explained.
Slow-To-Foreclose Mortgage Lenders Creating Havoc For Condo, Homeowner Association. But banks and consumer advocates complain that the fees, which can reach thousands of dollars, do not translate into results and many of the programs are scams.. Posted by Home Equity Theft Reporter at 12.
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That’s a $1.2 trillion hole in the collective home equity of American households. Despite the temptation to just walk away and mail back the keys, nine of 10 underwater borrowers are making their mortgage and home loan payments on time. Only 10 percent are more than 90 days delinquent.
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