Foreclosure Title Search
1 Million Homes Foreclosed in the US During 3rd Quarter 2009
Troubled home loans continued to mount in the nation’s banks in the third quarter as even once-solid borrowers increasingly fell behind on their mortgage payments. For the first quarter ever, the number of homes in foreclosure with mortgages serviced by U.S. national banks and savings and loans topped the 1-million mark, according to figures released [...]
Massachusetts Foreclosure Sales Could Be Invalidated
A Massachusetts Land Court justice’s ruling today puts into question the ownership of hundreds — and possibly thousands — of foreclosed properties in the state. Justice Keith C. Long affirmed his own March decision that invalidated foreclosure proceedings involving two Springfield homes because the lenders did not hold clear titles to the properties at the [...]
Massachusetts Foreclosures Invalid?
Richard D. Vetstein, today, he explains a legal case regarding foreclosure: In late March of this year in the case of U.S. Bank v. Ibanez, Massachusetts Land Court Judge Keith C. Long issued one of the most controversial rulings in recent years which has called into question hundreds if not thousands of foreclosure titles across [...]
Buying a Foreclosure? Remember the Title Search!
While buying a home at foreclosure auction has serious upside potential, there are some risks. In particular, when one purchases a home at auction, the buyer takes on all of the liability of the property. The risks include: liens (like mortgages, back taxes, mechanics liens, etc., assessments, and easements (recorded legal rights to the property [...]