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Foreclosure Delays Stretch Imagination

Over the past month we noticed that Bank of America has been resuming foreclosures on loans originated by Countrywide. As you may recall in October BofA voluntarily imposed a foreclosure moratorium following the robo-signing scandal. We actually expected an increase...

Parties Involved in Foreclosure Process

There are a few major players in the short sale industry. First and foremost, there is the borrower, the person who signs the mortgage note. This is the person who owns the house and borrows the money from the bank. Next, there is the bank itself. This can be broken...