By Ryan Schuette | 06/17/2011
A New York appellate court has ruled against Mortgage Electronic Registration Systems, Inc. (MERS), increasing speculation about the role that possible re-foreclosures may play in a still-brittle market. It's the latest in a series of suits involving MERS, which was designed to allow the industry to fluidly and inexpensively transfer millions of mortgages from note-holding banks and institutions via an electronic system. MERS' own proposed rule prohibiting banks from foreclosing in its name - a central part of the controversy - remains in the works.
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By Joy Leopold | 11/19/2010
In another attempt to save struggling homeowners from avoidable evictions, Washington, D.C. Mayor Adrian M. Fenty has signed an emergency act that amends several sections of the District of Columbia Official Code. Most prominent in the new piece of legislation is the addition of a "foreclosure mediation" section, which has specific requirements banks must meet before proceeding with a foreclosure. Foreclosure sales resulting from a process that skipped a step or proceeded incorrectly will be considered void.
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By Heather Hill Cernoch | 09/02/2010
The Fisher Law Group, PLLC and M. Richards Epps, PC have created a partnership whereby Epps, who is based in Virginia Beach, Virginia, will serve as of counsel to the Fisher firm, which is headquartered in Upper Marlboro, Maryland. Epps will locally manage Virginia court appearances for all court and litigated matters regarding Fisher's Virginia foreclosure and bankruptcy cases.
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