Mortgage Foreclosures, Missing Promissory Notes, And The Uniform Commercial Code

A situation in which a homeowner is unable to make full principal and interest payments on his/her mortgage , which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract. Fraudsters are using a documents-checking process known as a mortgage securitization audit as a means of scamming foreclosure-threatened homeowners… Even when the process is legitimately carried out, the Federal Trade Commission suggests it’s worthless.

In order to prevail on appeal, MERS must demonstrate that the trial court abused its discretion when it found, based on the testimony, evidence, and pleadings before the court at the time when it considered the motion to set aside default judgment, that MERS lacked a meritorious defense to the foreclosure proceeding or had an interest that could be impaired.

Answer to foreclosure due from homeowner within 21 days; hearing on the receiver within 25 days; …

Failure To Hold Promissory Note May Block Forclosure

Tracking the economic effects of the housing bubble (crash) as a result of years of loose monetary policy. Start here to learn the basics – what foreclosure is how it generally works, and what your options are for avoiding foreclosure. The holder of your mortgage must publish notice of the foreclosure in the official county newspaper for public announcements where the real property is located for four consecutive weeks prior to the scheduled foreclosure.foreclosure

Any final judgment of foreclosure entered under this subsection is for in rem relief only. In Connecticut the foreclosure writ includes an application for foreclosure mediation with a court mediator which is described in more detail in prior posts to this blog.foreclosure

I am afraid many homeowners will buy into the chance that they will own their house without having to pay for it. Then, one day, after not having paid the mortgage for two years, …