According to a recent national study done by Jacksonville-based LPS Applied Analytics, Florida is among the top-ranked states when it comes to the amount of time it takes to refer a home for foreclosure. Mortgages typically go into foreclosure after the third late...
Month: December 2010
Bank of America Sued for Loan Modification Practices
On Friday, two state attorneys general filed a lawsuit against Bank of America accusing the mortgage lender of widespread fraud in the way it has handled borrowers' requests for loan modifications on their mortgages. These lawsuits have interesting timing. Attorneys...
Attorney General: West Palm Beach Loan Modification Firm Swindled
The Florida Attorney General's Office has filed a complaint against American Home Solutions Group, a now-defunct company in West Palm Beach that claimed to offer help to struggling homeowners who were seeking loan modifications. The company charged up-front fees to...
Lender Processing Services Denies Chapter 13 Trustee Is Suing
Jacksonville-based Lender Processing Services, Inc. (LPS), a company that provides mortgage servicing technology, publicly posted protest letters against Reuters and The Florida Times-Union Friday. They were in relation to a Reuters investigation into the company's...
Final Chapter 7 Trustee Lawsuits Filed in Bernard Madoff Case
The second anniversary of the Chapter 7 bankruptcy of Bernard Madoff and Bernard L. Madoff Investment Securities Inc. is December 11. That means that the statute of limitations for the bankruptcy trustee to file bankruptcy fraud and look-back lawsuits is about to run...
November Chapter 7 & Chapter 13 Personal Bankruptcy Filings Down
The November total of consumer bankruptcy filings under Chapter 7 and Chapter 13 were down 13.3 percent over the total for October, according to the American Bankruptcy Institute (ABI), a multi-disciplinary, nonpartisan organization focusing on insolvency issues....
Floridians Have Second Highest Credit Card Delinquency in U.S.
According to a quarterly analysis by TransUnion, Florida ranked second worst in the nation when it comes to the credit card delinquency rate. Almost 2 percent of Floridians are 90 days or more delinquent on at least one credit card bill. On the other hand, Florida...