Once a residential foreclosure matter is released from the Foreclosure Settlement Conference Part the Plaintiff can file a motion requesting a Court order appointing a Referee to compute the total amount due the Plaintiff on the underlying debt. Prior to filing a motion, the Plaintiff’s attorney must receive an OCA Affidavit from their client and then […]
February 2014
Bank of New York v. Silverberg & Why It’s Important
MERS has become a mysterious figure in the recent foreclosure boom. Many attorneys that work in the industry remain unsure of what exactly MERS is and who exactly works for MERS. MERS serves as a common agent for numerous participating banks. It was created in the early 1990’s in response to delays at local recording offices. […]
Possible Change in HAMP Modifications – Automatically Going Permanent
HAMP modifications are government incentivized modifications that work off of a homeowners gross monthly income to determine an affordable monthly payment. After determining what the homeowner can afford the bank weighs the value of the modified loan against the value of a foreclosure of the property. If the modified loan has a greater net present […]
