Tag archives for Robo-signer

Cold, Hard Numbers: 21.1

21.1: The percent increase in new foreclosures during Q3 2011. The spike was caused when banks and other lenders lifted the voluntary moratorium on foreclosures implemented in late 2010 in the wake of the robo-signing scandal. Read full article »

Massachusetts Supreme Court Revokes Ownership of Property Purchased at Foreclosure Auction

You can’t lose what you never had – or can you? The Massachusetts Supreme Court ruled earlier this week that Francis Bevilacqua, who purchased his home at a foreclosure auction in 2006, never had legal title to the property since the lender had no right to foreclose on it in the first place. Five years later, the robo-signing bank’s “dubious Read full article »

August Posts 33 Percent Spike in Foreclosures

It looks like the unofficial moratorium on foreclosure may be over. 33 percent more U.S. homes received an initial default notice in August over July – the biggest monthly gain in four years. While an initial notice does not guarantee a foreclosure, the spike does seem to indicate that lenders are done waiting for resolution on the robo-signer crisis and Read full article »

Non-Distressed Housing Market is Shrinking

In the second quarter (Q2) of 2011, 31 percent of all home sales in the country were a foreclosure sale. And that number would be much larger, say analysts, if it were not for foreclosure delays stemming from the robo-signing fiasco last fall. While this number is significant, some analysts believe that it is not actually the most important figure Read full article »

American Home Mortgage Servicing Accuses LPS of Robo Signing

After unsuccessfully trying to recover losses via mediation and discussion, American Home Mortgage Servicing Inc. (AHMSI) is suing Lender Processing Services (LPS) and affiliate DocX LLC for “improper execution, notarization and recording of assignments of mortgages,” also known as robo-signing. The allegations cover more than 30,000 residential mortgages and the suit was filed in a district court in Dallas County, 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.