Maintenance | FORECLOSURE FRAUD | by DinSFLA

Tag Archive | "maintenance"

Las Vegas City Council sets hearing on foreclosure proposal, Bankers may face jail?

Las Vegas City Council sets hearing on foreclosure proposal, Bankers may face jail?


Ok, so what. So they won’t go to jail for Massive Fraud… I think we’ll take whatever comes their way.

I guess not mowing is much more serious crime…YAWN ~

LVRJ-

A proposal that could put bankers behind bars for failing to maintain foreclosed homes in Las Vegas will likely advance, albeit with some changes to the wording.

The City Council recommending committee on Tuesday voted to hold another hearing Nov. 15 on the measure, proposed by Ward 6 Councilman Steve Ross, which would make it a misdemeanor offense for lenders to allow distressed houses to fall into disrepair.

The delay will give banking, real estate and other special interest groups more …

[LVRJ]

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New foreclosure registry approved in Palm Beach County

New foreclosure registry approved in Palm Beach County


Someone said it best,

We need to have a law and registry that provides the home addresses, home and cell phone numbers of ALL affiants and robo-signers so we can locate and depose them!?

WPTV-5

WEST PALM BEACH, Fla. – A growing list of foreclosure filings and not enough to staff to handle the problem in Palm Beach County.

The bursting housing market bubble created that double whammy in Palm Beach County.

Now, county leaders have approved a new registry to smooth things out.

In hopes foreclosed homes won’t be abandoned, the new registry banks would inspect foreclosed properties and give property manager names to county code enforcement.

[WPTV-5]

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Lenders say they’re owners ‘in name only’ and don’t have to pay for upkeep

Lenders say they’re owners ‘in name only’ and don’t have to pay for upkeep


This is when those placeholders “A Bad Bene, Bogus Assignee” might come in handy… Maybe AG Harris will put a stop to this madness.

MSNBC-

Not according to Deutsche or other banks. They say they aren’t really the owners, despite the fact that their name appears on the property title. They also say they are not responsible for maintenance.

Representatives of Deutsche, as well as U.S. Bank, BNY Mellon and HSBC — three other major lenders that Los Angeles is investigating with an eye to suing, all said that loan servicers are responsible for property upkeep, as well as tasks such as sending default notices, modifying loans, selling homes, and collecting rent and mortgage payments.

“We’re there in name only,” said Teri Charest, spokeswoman for U.S. Bank. “We’re trustees. We have a very limited role.”

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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