Foreclosure News Archives

Jason Estavillo Defeats BofA and HSBC in Motion for Summary Judgement

Today the Law Offices of Jason W. Estavillo was successful in defeating Bank of America and HSBC Bank in their Motion for Summary Judgement or in the Alternative Summary Adjudication in San Francisco Superior Court. The Court held in our client’s favor on all of the causes of action: Cancellation of Instruments, Violations of Business…

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It is “A Wonderful Life” for a Property Owner in Florida

Judge Reference Popular Christmas Movie in Foreclosure Ruling It appears that not even Christmas time will stop the banks from going after homeowners and trying to take their property. These Scrooge-like entities with the heart as big as the Grinch’s, “an empty hole,” are pursuing properties and entertaining the judges with their flawed cases. Frustrated…

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Judge finds in Favor of Homeowners in Case Against Citibank

A colleague of the Law Offices of Jason W. Estavillo and founder of Foreclosure Defense Nationwide¸ Jeff Barnes, Esq., was successful in Florida Circuit Court where the Judge ruled in favor of the homeowners in a securitization case where Citibank was the “indenture trustee” for a Bear Stearns securitization. The homeowners’ expert witness Richard Kahn,…

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Obama Announces Measure to Lower Mortgage Insurance Rates

In an effort to help the housing market, Mr. Obama announced his decision to introduce a measure to lower mortgage insurance rates on federally issued mortgages. The new measure Measure is intended to aide hundreds of thousands of people across the country purchase homes.  The measure could offer savings of around $900 for each home buyer…

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State of New York awarded $150 million dollars in Foreclosure Settlement

Ocwen, an Atlanta-based firm, will pay New York’s Department of Financial Services (DFS) $150 million awarded due to their wrongful foreclosure activity. According to a court filing, the lawsuit accused Ocwen of commiting fraud by overcharging borrowers in order to drive up its own profits.  The suit stated that Ocwen’s practices “exemplify how America’s lending…

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The Federal Housing Finance Agency Announces New Post Foreclosure Policy

The Federal Housing Finance Agency (FHFA) recently announced a new policy allowing homeowners who lost their homes to foreclosure the opportunity to buy their properties back at current market value if the properties are owned by Fannie Mae and Freddie Mac. This is a big step forward as previously the policy required the owners to…

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