by James Robert Deal | Jun 27, 2016 | Foreclosure
When the housing crisis sent the American economy to the brink of disaster in 2008, millions of people lost their homes. The banking system had failed homeowners and their families. New investors soon swept in — mainly private equity firms — promising to do better....
by James Robert Deal | Oct 2, 2015 | Bankruptcy, Foreclosure, short sale
Sean has a problem with his condo. Sean moved out years ago. He continues to rack up condo dues at the rate of $300 per month. Sean is overloaded with credit card and medical debt, and creditors are threatening to sue. Sean’s condo is “under water”,...
by James Robert Deal | Mar 23, 2014 | Foreclosure
CFPB: Zombie foreclosures hurt borrowers The Consumer Financial Protection Bureau is keeping an eye on “zombie” foreclosures, which it worries cause “direct borrower harm,” according to a CFPB executive. Zombie foreclosures occur when a bank starts the foreclosure...
by James Robert Deal | Mar 23, 2014 | Foreclosure
New Federal Rules on Foreclosure —By Erika Eichelberger – Thanks to Mother Jones On Thursday, the Consumer Financial Protection Bureau, the federal consumer watchdog set up by the Dodd-Frank financial reform bill, announced a new set of foreclosure-prevention...
by James Robert Deal | Sep 15, 2013 | Foreclosure
Deceptive Practices in Foreclosures Thanks to the New York Times September 13, 2013 In early 2012 when five big banks settled with state and federal officials over widespread foreclosure abuses, flagrant violations — including the seizure of homes without due process...
by James Robert Deal | Aug 19, 2013 | Foreclosure, Rental Modification
Renters in Foreclosure: What Are Their Rights? Federal law gives important rights to tenants whose landlords have lost their properties through foreclosure. Renters and tenants are now being affected by foreclosures almost as often as homeowners. The financial...