Category Archives: foreclosures

Zombie (Foreclosure) Update

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

Follow @Hallmark Abstract Service Last week we wrote an article that included an infographic defining what a Zombie Foreclosure is and the harm they do to the neighborhoods that they are in! These abandoned properties tends to be neglected, possibly vandalized and most definitely eyesores detrimental to the value of the other houses around them. […]

Buyer beware of mortgage securitization audit scams

What is a mortgage securitization audit? First things first, what is a mortgage securitization? This topic is vast and it opens up the world of Wall Street, the mortgage industry, the real estate boom, foreclosures and an investment product that you may or may not have heard of by the name of REMIC’s. It gets […]

Last nights 60 Minutes expose’ on the foreclosure crisis! (Video)

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; […]

60 Minutes and the foreclosure crisis: What Sentinel readers already knew

The foreclosure crisis, MERS, issues of standing, robo-signing, fraudulent notarizations and more! @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; } This Sunday on “60 Minutes“ Foreclosures 
As more and more Americans face mortgage foreclosure, banks’ crucial ownership documents for the […]

MERS 101 (Video)

If you have heard anything about the foreclosure crisis, you’ve heard about MERS! This video discusses some of the background of MERS, the Mortgage Electronic Registration System. With over one half of the nations mortgages “held” in its database, MERS is at the center of the controversy surrounding foreclosures.

Foreclosure statistics for January

Foreclosure statistics courtesy of Lender Processing Services (LPS) Despite the fact that LPS may be subject to fines concerning its handling of foreclosures, the company still provides some excellent foreclosure statistics. The are the LPS conclusions on foreclosures for the month ended January 2011. Delinquency rates increased slightly as a large number of loans were […]


SERS not MERS! If you have been a reader of The Hallmark Abstract Sentinel then by now you are aware of MERS and the controversy that surrounds it. The Mortgage Electronic Recording System has been at the heart of questionable foreclosures due to standing issues, as well as for having aided in the avoidance of […]

Title insurance and protecting yourself in a foreclosure purchase

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An example of a denied title policy due to the foreclosure crisis

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 […]

American Banker: New wrinkle in the foreclosure mess

New Point of Foreclosure Contention: Default Notice Last year’s robo-signing scandals delayed tens of thousands of foreclosures in the 23 states where the process is handled in court. A new controversy could complicate foreclosures in the other 27 states. At issue is the notice of default, the first letter that a mortgage lender or servicer […]