Tag Archives: Foreclosure

Fraudsters Sentenced for Foreclosure Prevention Fraud Scheme

Mortgage Fraud Blog. Michelle Sylethia Jordan, a/k/a Michelle Harris and Michelle Welsh, 49; and her husband, Michael Paul Anthony Welsh, a/k/a Michael A. Welsh and Michael Paul S. Welsh, 45, both of Laurel, Maryland, were sentenced yesterday to 57 months … Continue reading

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Foreclosure Listings Added to Trulia Searches

Trulia.com, a website that details residential real estate listings across the country, has announced that it will begin including properties in foreclosure in its database, according to reports from RISMedia. Read more detail on Legal News Directory – Bankruptcy Law

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Protestors Demand Foreclosure Relief from Countrywide

California homeowners protested outside the offices of Countrywide Financial this week, demanding a moratorium on foreclosure proceedings and increased efforts at mortgage loan-modification. Read more detail on Legal News Directory – Bankruptcy Law

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When Mortgagees Claim They Never Received Foreclosure Notice

A mortgagor can complete a foreclosure and sale of a property, all without hearing a word from the mortgagee who is living at the property. However, the mortgagee may object to the foreclosure sale at the last minute, claiming that he or she … Continue reading

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Relief for Securitization Vehicles: Mortgage Modification under Foreclosure Prevention Program

In a recently-issued Revenue Procedure (Rev. Proc. 2008-28), the IRS states that the modification of certain mortgage loans under foreclosure prevention programs involving, for example, interest rate reductions, principal forgiveness, extensions of maturity and alterations in the timing of changes … Continue reading

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