All Posts Tagged With: "rights"
Mortgage News: Investors Have Rights Too
What rights do mortgage investors have when loan servicers want to change loan terms? That is the essential issue in this case which pits Greenwich Financial Services Distressed Mortgage Fund 3, LLC against Countrywide Financial Corporation, now a part of Bank of America.
Does the safe harbor provision created by Congress last March for mortgage servicers [...]
Tenants Get New Rights When Homes Are Foreclosed
There are any number of reasons why foreclosures are awful and one of them concerns tenants: Until new legislation was signed by President Obama last month tenants could be evicted from a foreclosed home, regardless of whether or not they had a lease or paid their rent in full and on time.
Now, however, the old [...]
How Come My Broker Wants Me To Leave My Open House?
Question: My real estate broker wants to hold an open house – and wants me to leave! What’s up with this? Who knows more about the house than the owners?
Answer: There’s little doubt that owners are the world’s leading authority on the in and outs of their homes. But the real question ought to be: [...]
Judge To Lenders: Show Me The Note
With mortgage practices under fire on Capitol Hill and across the country, a federal court decision in Cleveland is now proving more important each day: Homeowners can’t be foreclosed unless mortgage owners actually go to court and prove they have the right to call the loan.
At first this may seem unimportant. After all, when a [...]
What Happens If My Mortgage Is Sold?
Millions of loans are outstanding, including a large number sold each year from one lender to another. If it happens that your loan is among those sold, worry not — Uncle Sam makes the process safe and protects your interests.
Your mortgage may be a debt to you, but in the world of mortgage financing [...]
What If My Lender Is Wrong?
If you think your lender has not properly credited a payments then send the lender a letter, by certified mail with a return receipt, requesting the account history. Include the account number. State that under RESPA — the Real Estate Settlement and Procedures Act — that you have filed a “qualified written request” for information. [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
What are “transfer development rights?”
Transfer development rights (TDRs) are a zoning tool used to control land usage.
Suppose you have a farm. The local government wants you to keep the farm intact and not subdivide. So, to encourage the retention of open farm land, the local government will allow you to sell you right to subdivide to someone else [...]
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