Excess Proceeds – Your Money After Foreclosure
Excess proceeds after foreclosure can be claimed from the Maricopa County Treasurer’s Office by filing a claim for your money. Life after foreclosure does exist, and there may even be an opportunity to get some money back into your pocket. While not available in all cases, a homeowner that has equity in their house at […]
Jury: Ex-IndyMac Execs Must Pay $169 Million for Negligent Loans + MORE
Three former IndyMac Bancorp Inc. executives must pay $169 million in damages to federal regulators for making negligent loans to homebuilders as the real estate market was deteriorating, a jury decided. The federal court jury in Los Angeles issued the verdict against Scott Van Dellen, the former chief executive officer of IndyMac’s Homebuilder Division; Richard […]
How $8.5 Billion Foreclosure Settlement Affects Borrowers
Q&A: Status and Affect of Billion Dollar Settlement Many details of the $8.5 billion mortgage foreclosure settlement that federal banking regulators announced Monday have not been finalized yet. Here are some answers for borrowers. Q: How much money is in it? A: Ten banks and mortgage companies will pay $3.3 billion in cash to borrowers and […]
Ten Economic Questions for 2013
Here are some questions to think about… Bill McBride or CalculatedRiskBlog.com raises some interesting questions for 2013. Below are the four most related to real estate, and click the link below for a full list. 1) US Policy: This is probably the biggest downside risk for the US economy in 2013. I assume some sort […]
