New York foreclosure courts face seven-year backlog: RealtyTrac

Erik and Renee Sundquist have won their eight year long battle with Bank of America illegally foreclosing on their home, reaching a $6M settlement. Oppenheim Law shares more here.

Luxury home market – and millionaires – on the mend This week in celeb real estate: garry marshall’s Malibu pad sells, Barry Manilow’s former home re-lists..and more – The start of June brought some sizzle to the luxury real estate. Manilow is back on the market for sale for $10.9 million, roughly 35 percent lower than its original ask three years ago. Property.

According to an article in, the number of homes entering into foreclosure hit a seven-year low in the third quarter of this year. This shows fewer homeowners are failing to meet mortgage.

modifications that would enable borrowers to keep their homes.7 Even when. New York is a judicial foreclosure state, which means that bank foreclosure. Processing foreclosures through the courts can help protect the interests. foreclosures take over one year longer in judicial foreclosure states.. Docket" Backlog.

CHICAGO – Backlogs in foreclosure processing are causing delays in home-price improvement and could wind up affecting the cost of a mortgage. The situation appears worst in New York, where it.

New Foreclosure Filings Fall to Seven-Year Low.. have seen a growing backlog of foreclosures as courts are overwhelmed by the sheer number of cases.. — Written by Shanthi Bharatwaj in New York.

Are servicers finally off the CFPB’s hit list? Hillary Clinton on CFPB: Why would you get rid of that? Rosenstein and FBI Director Christopher Wray on the Department of Justice inspector general’s report on the investigation into Hillary Clinton. you,” Gutierrez said. “They want to impeach you, they.CFPB Issues Final mortgage servicing rules By Bill Mayberry, Justin Opitz and Joshua Davey On August 4, 2016, the consumer financial protection bureau (CFPB) issued its long-awaited final mortgage servicing rule under the Real Estate settlement procedures act (respa) and implementing Regulation X, and the Truth in Lending Act (TILA) and.

At the rate the New york court systems are currently working through the backlog of foreclosure cases, it will take more than seven years to clear, according to RealtyTrac. New York is a judicial state, whereby foreclosures are completed through the court system. But as cases mounted, the state developed the largest foreclosure timeline in the.

Monday Morning Cup of Coffee: Obama’s pick to lead HUD a surprise? Good Monday morning, NewsFeeders, and welcome back to the office. Give yourself a good stretch, grab another cup of coffee, and shake off the weekend haze. Here’s what you missed. We’re sure you’re trying to avoid starting work, and you’ve come to the right place.

Foreclosure activity accelerated slightly in July rising off of the 78 month low it reached in June, RealtyTrac said today. There were 130,888 foreclosure filings – including default notices.

The New York. could face more problems, Snaith said. The problems hinted at by the GMAC announcement and the McCollum investigation contrast to previous news about how courts had geared up to.

The top 20 cities for housing investments Melbourne’s west remains the nation’s fastest growing new housing. in the Top 20 and three in NSW. “Because the residential building industry is cooling, the number of future hotspots is likely to.

SAN FRANCISCO, Calif., March 1, 2017 (SEND2PRESS NEWSWIRE) – Qualia, the fastest growing provider of title settlement software, announced that it has been selected by HousingWire as a 2017 HW TECH100(TM) award winner, an honor given to the most innovative technology companies in real estate..

New Jersey. Foreclosures in New Jersey took around 1,212 days to complete. Florida. The Florida foreclosure process took on average 1,196 days. (To learn about the basics about foreclosure laws in these states and others, see our Key Aspects of State Foreclosure Law: 50-State Chart.) States With the Fastest Foreclosure Timelines