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Serving a Defendant in a Residential Foreclosure Action by Publication

Jimerson Firm

A residential mortgage foreclosure action is initiated in Florida by filing a verified complaint with the appropriate court. It is important for the plaintiff to check the local rules in the county where the foreclosure action is filed to determine if there are any procedural requirements. 49.08, Fla. 1)(c), Fla.

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North Carolina AG Permanently Enjoins Debt Settlement Business

Collection Industry News

and North Carolina’s Unfair and Deceptive Trade Practices Act, N.C. fees for its services and misleadingly represented that it would provide refunds to consumers in the event that it could not obtain loan modifications or prevent foreclosures. § 14-423, et seq. , View source.].

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House Passes Debt Collection Bill

Collection Industry News

The decision also clarified that businesses engaged in non-judicial foreclosure proceedings are not debt collectors under the FDCPA. The bill, the Comprehensive Debt Collection Improvement Act, passed the House by a vote of 215-207. It now heads to the Senate for consideration.

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Explained: The Adrenaline-Driven Rise to GameStop Stock

Credit Corp

A few weeks ago, the company ( stock trading as ticker: GME) traded around lows of ~$19. Well, A Trading Euphoria Caused By …. For those of you unfamiliar with stock trading, the two firms had shorted the GameStop stock by borrowing the stock to sell at a given price, with the idea that they will purchase back the stock later.

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Make Sure to Verify a Debt Collection Affidavit Before Signing

FFGN COLLECT NY

In 2015, the Federal Trade Commission came down on Chase for robo-signing affidavits. Chase was one of 13 financial institution censured for robo-signing documents in support of debt collection suits and foreclosure. Such is the case again with Chase. But robo-signing wasn’t just happening within Chase.

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How to Invest $1,000 in Real Estate

Credit Corp

Publicly-Traded REITs. These companies trade on public stock exchanges, which makes them extremely liquid. A combined strength and weakness of publicly-traded REITs is their dividend yield. Because they trade on public stock exchanges, they tend to move in disturbing correlation with stock indexes.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. attorney’s office to stop judicial foreclosures and evictions on accounts previously referred to the DOJ. For more information, click here.