Does the controversy that’s surrounding MERS and the foreclosure process signal a death knell for the firm or is it much ado about nothing? In an article here last week a New York State Appellate Court decision was discussed which held that the foreclosing entity needs to be in possession of both the mortgage and […]
In case you missed the 60 Minutes story on the foreclosure crisis, here it is! Introduction to the foreclosure crisis From an article here last week, Hallmark Abstract Sentinel readers knew the following: @font-face { font-family: “Cambria”; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 10pt; font-size: 12pt; font-family: “Times New Roman”; }div.Section1 { page: Section1; […]
MERS – The Mortgage Electronic Registration System issues an Announcement that appears to be an attempt to put the genie back into the bottle Summary: MERS has told its members not to foreclose in its name on home loans, effective immediately. As a recap for those not closely following the issues surrounding MERS and foreclosures, […]
While this decision does not help Ms. Agard (due to Res judicata) it does seriously call into question the validity of MERS assigning mortgages on behalf of its members/lenders. These are some excerpts from the decision which can be read in its entirety here. “…The Court recognizes that an adverse ruling regarding MERS’s authority to […]
Despite the questions swirling around foreclosures, the survey says that the majority of Americans are still willing to buy Over the last few months The Hallmark Abstract Sentinel as well as the partners of Hallmark Abstract Service have tried to outline all of the issues that exist in the world of foreclosures that can potentially […]
@font-face { font-family: “Cambria”; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 10pt; font-size: 12pt; font-family: “Times New Roman”; }div.Section1 { page: Section1; } Protecting your investment being purchased within the foreclosure crisis maze As we discussed through the example we gave in the article on Saturday of a denied title policy, it is critical for […]
Foreclosures, REO’s (real estate owned) and auctions on the courthouse steps have one thing in common: A critical need for the buyer to make sure that they can get clear title, owner’s title insurance (owner’s policy) and, in the case of an auction on the courthouse steps, to ascertain beyond a reasonable doubt that the […]
“Show me the money” – Jerry Maguire, the movie “Show me the note” – judges around the country If you are facing foreclosure, or in the process of having your house foreclosed, you do have rights. Make sure that the lender foreclosing has the right, or standing to do so. Make them “show you the […]
The United States Foreclosure Crisis Michael Haltman of Hallmark Abstract Service appearing live on 1220 KDOW in San Francisco The show: The Real Wealth Show with Kathy Fettke The topic: Who’s really got title now? Where: The interview can be listened to below (the interview begins at 4 minutes, 10 seconds into the broadcast). Taped […]
Standing to foreclose rears it’s head, this time in New Jersey In what seems to be playing out more and more often, an already decided foreclosure, this time in New Jersey was reversed because the foreclosing lender, Wells Fargo, could not prove that it had the standing to foreclose. The decision came down on Friday […]
