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Foreclosure Law Firm Butler & Hosch Shuts Down
Butler & Hosch, one of the nations largest foreclosure law firms shut their doors last week. The Firm, founded in 1972, had offices in multiple states and was handling up to 60,000 foreclosure cases when it closed. The employees were notified of the […]
Judge Finds In Favor Of Homeowners In Case Against Citibank
A colleague of the Estavillo Law Group 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 […]
Obama Announces Measure To Lower Mortgage Insurance Rates
In an effort to help the housing market, President 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 […]
State Of New York Awarded $150 Million 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 […]
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 […]
Foreclosures On The Rise
According to CNBC, the number of borrowers losing their homes is rising again. 123,109 properties were reported to be in some state of foreclosure during the month of October representing a 15% increase from September. At The Law Offices of Jason W. Estavillo, […]