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Foreclosed Homeowners Receiving Big Checks In Florida
http://swflorida.blogspot.com/2014/01/foreclosed-homeowners-receiving-big.html
Under the National Mortgage Settlement, which Attorney General Bondi took a leading role in obtaining, eligible claimants will each receive a check in the amount of $1,480. The checks are being sent to The $25 billion national settlement was

NOTICE OF MORTGAGE FORECLOSURE SALE
http://www.swcbulletin.com/content/notice-mortgage-foreclosure-sale-1431
MORTGAGEE: Mortgage Electronic Registration Systems, Inc. as nominee for Homecomings Financial Network, Inc. DATE AND PLACE OF 3560542. ASSIGNMENTS OF MORTGAGE: Assigned to: GMAC Mortgage, LLC. Dated October 27, 2011 Recorded 

Ally bailout not a total blowout win for Uncle Sam
http://finance.fortune.cnn.com/2014/01/24/ally-financial-uncle-sam/
So it was a departure from form when I wrote six months ago that, confounding expectations, the government was going to come out way ahead on the $17.2 billion of taxpayer money that it spent to bail out Ally Financial, formerly GMAC, General Motors

Foreclosure Settlement Still Failing 700000 Families One Year Later
http://www.huffingtonpost.com/2014/01/22/foreclosure-settlement_n_4638459.html?utm_hp_ref=politics&ir=Politics
That hasn't happened, either. She and her husband are actually paying $500 more a month on their home mortgage than they did when they refinanced with Ally Financial, then known as GMAC Mortgage, at the peak of the foreclosure epidemic, she said. "Is

Making Home Affordable ? GMAC Mortgage Lies or Mistakes ? MikeJaegerLive

GMAC Mortgage Lies or Mistakes ? MikeJaegerLive. Making Home Affordable? With foreclosure looming accuate comunication could help. Do not trust ...

WHO'S NEWS: AY adds four salesmen, Rosenblum joined ACRE

Working with Nelson at Cushman & Wakefield, as Senior Associate.

As member of Team Nelson’s sales listings at Cushman & Wakefield, Weinreb has participated in over 100 transactions, adding to an aggregate value in excess of $1.4 billion. Weinreb holds a Bachelor of Science in Business Administration from the University of Southern California.

Philip Bowman also joins Avison Young after working together with Nelson at Cushman & Wakefield as an Associate. He holds a Bachelor in Political Science and Economics from Colgate University.

•••

Advisors Commercial Real Estate announced that Howard Rosenblum has joined the firm as Senior Managing Director in the New York office.

Rosenblum has more than 20 years of direct experience in the garment industry, having owned a garment and textile business. He will apply his expertise to commercial properties from Midtown South up into Midtown to take advantage of the recent air rights rezoning and Class A tenant moves to Hudson Yards.

Mortgage Crisis Still Claiming Victims as Walter Plans Bankruptcy

Creditors alive than dead because recoveries for banks in a liquidation would be so poor, Popper said. The restructuring gives Walter time to cut overhead, and regulators typically would prefer to see Walter survive so that services don’t wind up concentrated back at the big banks, he said.

“The fundamentals of our core business remain solid,” Chief Executive Officer Anthony Renzi said in the statement. Representatives for the company didn’t respond to messages seeking comment.

Only the holding company will file for Chapter 11, while its operating entities, including Ditech Financial and Reverse Mortgage Solutions, will continue their ordinary operations. Walter has “ample liquidity to support its businesses and the costs of the restructuring,” the company said, and the reorganization is expected to be completed by Jan. 31.

Who Gets What

The plan offers new term loans for existing lenders, and $250 million of new second-lien notes due 2024 and $100 million of preferred stock that would convert into 73 percent of the common stock under agreed conversion terms for participating noteholders.

how can a bank owning a 2nd mortgage foreclose on a home when the 2nd mortgage was dismissed in a bankruptcy?

Many years ago, my father and my stepmom declared bankruptcy. One of the things they had dismissed was the second mortgage on their home.


First, is your stepmom on the deed as a joint tenant? She would not automatically be the owner of the property just because they were married.