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And, the homeowner cannot take out another home equity loan for at least five years, unless to pay for necessary upkeep on the home. The homeowner will need approval from the FHA to get the new home equity loan, and total debt cannot exceed 95% of the home’s appraised value at the time.
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New Report Says Conferences Prevent Foreclosures But Strain NY Courts by Andrew Keshner, New York Law Journal, November 29, 2010 Issue [New York’s] Mandated pre-foreclosure conferences have become increasingly effective in helping to keep people in their homes, but the labor-intensive proceedings are straining court resources and have contributed to an "unprecedented" shift in the civil.
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In Sherman, Texas, The Southeast Texas Record reports: In an attempt to stop a non-judicial foreclosure on their property, Collin County residents Alan and Kelley Anderson filed a lawsuit against CitiMortgage Inc. and mortgage electronic registration systems, also known as MERS, on July 23 in collin county district court.
In an attempt to stop a non-judicial foreclosure on their property, Collin County residents Alan and Kelley Anderson filed a lawsuit against CitiMortgage Inc. and Mortgage Electronic Registration Systems, also known as MERS, on July 23 in Collin County District Court.
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