Mortgage
First of its Kind Program Aims to Drastically Reduce North Carolina Foreclosure Actions
August 19, 2008 Posted by North Carolina Real Estate
Raleigh, NC - August 18, 2008 - (RealEstateRama) — Raleigh - Gov. Mike Easley has signed into law legislation that he expects will reduce home foreclosure filings due to the sub-prime mortgage crisis during the next two years. The governor’s “Emergency Foreclosure Reduction Program” could keep more than 25,000 working families in their homes and […]
Company promised to save homes from foreclosure, pocketed money instead
May 10, 2008 Posted by North Carolina Real Estate
Raleigh, NC - May 2, 2008 - A Lenoir County company that targeted distressed homeowners with false offers to help save them from foreclosure has been ordered to stop taking consumers’ money, Attorney General Roy Cooper said today.
“Times are tough and many people are looking for help to save their home,” said Cooper. “We won’t […]
Attorney General Roy Cooper calls on Congress to strengthen mortgage
December 3, 2007 Posted by North Carolina Real Estate
“A national law to fight predatory lending is long overdue, but it shouldn’t come at the expense of North Carolina homeowners. If Congress passes this law as currently written, North Carolina consumers will actually be worse off. Congress must allow our state to keep the strongest laws in the country.”
Waterstone Capital Advisors Pays Over $1 Million to Defeasance Clients
October 31, 2007 Posted by North Carolina Real Estate
CHARLOTTE, N.C., Oct. 31 /PRNewswire/ — Waterstone Capital Advisors, LLC an established defeasance consulting firm, has just announced their financial product, whereby commercial real estate borrowers can receive a present value cash payment for their share of the residual float from a CMBS loan at the closing of a defeasance transaction.