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The Consumer Financial Protection Bureau (CFPB) is reportedly investigating how banks are handling zombie foreclosures – homes in foreclosure that have been vacated by the homeowner before.
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Yet looking at the Dodd-Frank law, the state AG settlement and the regulations promulgated by the CFPB, you’d believe that the. the Consumer Financial Protection Bureau is probing "zombie".
· Follow @Hallmark Abstract Service Last week we wrote an article that included an infographic defining what a Zombie Foreclosure is and the harm they do to the neighborhoods that they are in! These abandoned properties tends to be neglected, possibly vandalized and most definitely eyesores detrimental to the value of the other houses around them..
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On June 11, RealtyTrac published an update: "Homeowner Vacated "Zombie" Foreclosures Down 10 Percent From A Year Ago in Q2 2015," written by jennifer von pohlmann. According to RealtyTrac, "The total.
No More Zombie Class Actions: Supreme Court Stops Class Members from Filing.. Another Shot at the Target: CFPB Payday Loan Rule Faces New Challenge.
the foreclosure process whether or not they are occupied.” These are the true zombie mortgages. Like the characters of popular culture, a true zombie mortgage is a creature you thought had died only to see it reborn to hunt and haunt you. Zombie mortgages have contributed to the growing problem of abandoned properties, especially
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The Coming Curse of the “Zombie Foreclosures” If you think you’ve heard the last about foreclosures, think again. There are a ton of them in the pipeline.
The Consumer Financial Protection Bureau (CFPB) reportedly is paying close attention to so-called zombie title foreclosures. "Zombie.
they quickly fall into disrepair and become targets for vandalism, graffiti and squatters, all of which can bring down the value of surrounding homes. According to Realty Trac, one out of every five.
This article was originally published on MoneyTalksNews.com as ‘Regulators Target foreclosure relief scams‘..