On Monday November 7, 2011 a Public Hearing was held in Manhattan to discuss the topic of “Mortgage Foreclosures in New York.” For those interested, a brief summary is provided by an attendee in addition to this link for an article at Thomson Reuters that also examines the discussions that took place. Meeting Summary “Today I attended […]
Does the controversy that’s surrounding MERS and the foreclosure process signal a death knell for the firm or is it much ado about nothing? In an article here last week a New York State Appellate Court decision was discussed which held that the foreclosing entity needs to be in possession of both the mortgage and […]
Important update: The court case referenced in the article is Bank of New York, etc., respondent, v Stephen Silverberg, et al., appellants, et al., defendants. (Index No. 17464-08), 2010-00131, SUPREME COURT OF NEW YORK, APPELLATE DIVISION, SECOND DEPARTMENT, 2011 NY Slip Op 5002; 2011 N.Y. App. Div. LEXIS 4899, June 7, 2011, Decided. MERS : […]
Hallmark Abstract Service June Newsletter If you would like to receive the newsletter by email in the future send your name and email address to mhaltman@hallmarkabstractllc.com or leave them in the comment box below. Hallmark Abstract Service Have you ever been to a closing where the title wasn’t cleared? Hallmark hasn’t! Visit our website to […]
What is a mortgage securitization audit? First things first, what is a mortgage securitization? This topic is vast and it opens up the world of Wall Street, the mortgage industry, the real estate boom, foreclosures and an investment product that you may or may not have heard of by the name of REMIC’s. It gets […]
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In case you missed the 60 Minutes story on the foreclosure crisis, here it is! Introduction to the foreclosure crisis From an article here last week, Hallmark Abstract Sentinel readers knew the following: @font-face { font-family: “Cambria”; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 10pt; font-size: 12pt; font-family: “Times New Roman”; }div.Section1 { page: Section1; […]
The foreclosure crisis and “Pooling and Servicing Agreement” (PSA) violations On March 31st The Hallmark Abstract Sentinel published an article that discussed the upcoming 60 Minutes story (airing tonight) on the foreclosure crisis, and the potential for it to have far reaching implications and ramifications. The following paragraph comes from the Sentinel article that can […]
The foreclosure crisis, MERS, issues of standing, robo-signing, fraudulent notarizations and more! @font-face { font-family: “Cambria”; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 10pt; font-size: 12pt; font-family: “Times New Roman”; }div.Section1 { page: Section1; } This Sunday on “60 Minutes“ Foreclosures As more and more Americans face mortgage foreclosure, banks’ crucial ownership documents for the […]
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