Zombie Foreclosures and the Crucial Role of Judges

Zombie Foreclosures and the Crucial Role of Judges The Hardest Hit Fund was established by Congress in 2010 to provide mortgage relief and other assistance to struggling homeowners as part of a.

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Zombie foreclosures and the crucial role of judges "With the title clouded, neither the lender nor the owner maintains the parcel, so it falls into disrepair and becomes a blighting influence on the neighborhood."

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While some states have laws shortening the foreclosure process for an abandoned parcel, the fix that’s needed isn’t solely one for legislatures. The courts also play a crucial role. Improved judicial supervision of mortgage-foreclosure cases can prevent zombies, lessen blight and strengthen neighborhoods.

Zombie Foreclosures and the Crucial Role of Judges Patsy Hughes Contents Subprime lending caused foreclosure Circuit judge angel mortgage broker. foreign national nelson mullins colleague brian calub Strengthen neighborhoods. judges.

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How Judges Can Help Prevent Zombie Foreclosures. May 6, 2016. Share ; According to RealtyTrac, 25 percent of foreclosures in the U.S. are "zombies" – homes with no clear ownership of title. This happens when the owner has vacated the property, but the lender has not yet closed the case and.