Tag archives for Foreclosure-Gate

Foreclosure Actions Drop Dramatically in Colorado

While nearly every state in the country has experienced some degree of foreclosure slowdown, Colorado’s year-over-year foreclosure rates are nothing to sneeze at. The volume of foreclosures filed in February of 2011 is a full 34.7 percent lower than that of a year ago, with a tally of 1,986 versus 3,042. Foreclosure sales at auction also fell 10.7 percent from Read full article »

Testimony in Senate Hearing Indicates Most Robo-Foreclosures Were Justified

According to John Walsh, acting comptroller of currency, in his testimony before the Senate financial committee, a review of bank foreclosures carried out during the time span of the robo-signing fiasco and prior indicates that “despite clear deficiencies…loans subject to foreclosure were, in fact, seriously delinquent and that servicers had documentation and legal standing to foreclose”. Walsh went on to Read full article »

Foreclosure Notification Process, Like Robo-Signed Affidavits, Could be Flawed

Some news outlets are already reporting on potential flaws in the foreclosure notification process – the part of foreclosure when the borrower is notified of delinquency in non-judicial foreclosure state – as “part two” of the robo-signing scandal. Should this turn out to be the case, the 27 non-judicial foreclosure states in the nation could experience their own “ForeclosureGate” as Read full article »

Wells Fargo Backing Down on Maryland Foreclosures

Although Wells Fargo has steadfastly maintained that it does not have the robo-signer issues that have plagued so many other major lenders, it is backing down and refilling foreclosures in Maryland starting today. According to a statement released by the lender on Wednesday, there are potential flaw in some pending Maryland foreclosures that will mean that the entire process needs Read full article »

New York Judges Hold Lawyers, Other Judges Accountable for Foreclosure Errors

In New York courts, judges are not just holding lenders accountable for mishandled foreclosure filings and processes; they are tackling their legal colleagues as well. Nassau County District Court Judge Scott Fairgrieve summed up the situation, saying that the entire robo-signing and potentially fraudulent foreclosure fiasco “reflects poorly on the profession as a whole,” while one of his colleagues simply Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.