Real estate blog entries tagged with new springville by Cornerstone Realty Partners

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Home : Blogs : Frank Rizzo : Frank Rizzo's Blog : Tag "new springville"

new springville: Recent Foreclosure Ruling Sets Precedent - 02/05/08 08:46 AM

Yesterday, there was an article in the Staten Island Advance www.silive.com, that discussed a recent ruling which homeowners prevailed in staving off the foreclosure. The article went on to mention that the homeowners could not make it the first year before falling behind. While they would of qualified for a traditional home loan (presumably FHA) they instead were "improperly pushed" in to a high interest subprime loan.
The judge ruled that the homeowner could be entitled to reimbursement for fees, payments and the mortgage my be unenforceable. Unenforceable?
This is not to say that there were not some mortgage brokers who were … (2 comments)

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Frank Rizzo

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