Tag Archives: Federal tax law

FlagStar Bank Ordered to Pay Homeowner Victims

Michigan-based Flagstar Bank was ordered to pay $27.5 million to homeowner victims and pay an additional $10 million in fines for obstructing homeowners’ attempts to save their homes from foreclosure. The Consumer Financial Protection Bureau (CFPB) was the agency who … Continue reading

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Aronowitz & Mecklenburg Sold to Large Texas-Based Foreclosure Firm?

For the past few weeks, we have been hearing rumors that foreclosure law firm Aronowitz & Mecklenburg was being sold to a Texas-based law firm. We now heavily suspect Aronowitz & Mecklenburg has been sold to Barrett Frappier & Weisserman, LLP – … Continue reading

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Colorado Foreclosures on the Rise: Highest Since 2007 Crisis

Last month, Colorado’s foreclosure filings had the highest increase in seven years. The increase in foreclosures filings rose a whopping 57% from the previous August (2013). Colorado hasn’t seen that type of increase since the beginning of the mortgage crisis … Continue reading

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Post-Foreclosure Deficiency Judgments

In Florida, homeowners are facing collections from foreclosures that happened years ago. A deadline change in Florida’s state law has triggered a mass filing of “deficiency judgment” claims against borrowers who had defaulted on their home loans. Other states throughout … Continue reading

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Foreclosures up 5% in July, 2014

A total of 49,624 U.S. properties started the foreclosure process for the first time in July, a 5% increase from June. There was a two percent increase in foreclosure filings in the U.S. last month (July) with 109,434 properties in … Continue reading

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AG Sues Castle and Aronowitz

The Colorado Attorney General sued the state’s two largest foreclosure law firms today: The Castle Law Group and Aronowitz and Mecklenburg. The lawsuits allege violations of Colorado’s Consumer Protection Act, Anti-trust Act and the Fair Debt Collection Practices Act. The … Continue reading

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HELOC Defaults Could Cause Another Credit Crisis

Almost ten years ago, during the housing boom, homeowners began taking out Home Equity Line of Credit loans, more commonly known as HELOCs. Beginning around 2004, these loans became popular because the interest rates were typically deductible under federal and … Continue reading

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