Category Archives: foreclosure

What is a Zombie Foreclosure? (Infographic)

title insurance, New York,New York City,Long Island,Michael Haltman

Follow @Hallmark Abstract Service A Zombie Foreclosure is simply a house currently in the foreclosure process that sits vacant having been abandoned by the owner and not yet taken back by the lender! Most of us have driven by homes we suspect are long-abandoned, are being foreclosed, that typically will be neglected, have very possibly […]

Guest Post: THE MORTGAGE FOLLOWS THE NOTE . . . . . or Does it?

foreclosure and the mortgage follows the note

  Prior article at The Hallmark Abstract Sentinel: ‘The Foreclosure Process: What a difference a state makes!‘ THE MORTGAGE FOLLOWS THE NOTE . . . . . or Does it? By Charles Wallshein Esq. October, 2012, All Rights Reserved  Perhaps most frustrating for attorneys defending securitized mortgage foreclosures is not knowing the identity of the […]

The Foreclosure Process: What a difference a state makes!

US foreclosure statistics

Does it matter whether a property foreclosure is being pursued within a judicial state or a non-judicial state? You bet it does! For those who may be unfamiliar with the difference between judicial and non-judicial foreclosures, the short answer has much to do with time. Lots and lots of time.  And, as we say in […]

Hallmark Abstract Service comments on the civil penalty levied in a misuse of MERS case!

Sign of the times - Foreclosure

Hallmark Abstract Service partner Michael Haltman quoted in Mortgage Professional Magazine! The U.S. Attorney’s office in New York has levied a civil fine on the Steven J. Baum PC law firm over the firm’s mortgage foreclosure practices. Michael Haltman was asked by Mortgage Professional for a comment which appears below. The entire article can be […]

MERS, foreclosures, the mortgage note, the New York State Appellate Court decision and another nail in the coffin!

Important update: The court case referenced in the article is Bank of New York, etc., respondent, v Stephen Silverberg, et al., appellants, et al., defendants. (Index No. 17464-08), 2010-00131, SUPREME COURT OF NEW YORK, APPELLATE DIVISION, SECOND DEPARTMENT, 2011 NY Slip Op 5002; 2011 N.Y. App. Div. LEXIS 4899, June 7, 2011, Decided. MERS : […]

Feeling the effects of foreclosure crisis mitigation efforts

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The foreclosure crisis: PSA has nothing to do with the prostate!

Foreclosure signs, Mortgage crisis,

The foreclosure crisis and “Pooling and Servicing Agreement” (PSA) violations On March 31st The Hallmark Abstract Sentinel published an article that discussed the upcoming 60 Minutes story (airing tonight) on the foreclosure crisis, and the potential for it to have far reaching implications and ramifications. The following paragraph comes from the Sentinel article that can […]

Foreclosure takes an emotional toll as well as a legal and financial one

Foreclosure and ALL its potential ramifications beyond simply losing a home Whenever I receive a new article from Mandelman Matters I know that it will at the very least be informative and sometimes, as it was this morning, an important read for a variety of other reasons. Having recently taught a CLE class on the […]