Written by South Carolina Foreclosure Defense Attorney Kristina G. Pierce
The Protecting Tenants at Foreclosure Act (“PTFA”), which is in effect from May 2009 through December 31, 2014 (thanks to the Dodd Frank Act), protects tenants living in homes that are facing foreclosure in South Carolina and throughout the U.S. The PTFA applies to any “immediate successor in interest” of a foreclosed property, which includes a bank that takes the title to a property after a foreclosure has been completed. Pursuant to the PTFA, the new owner of the house assumes the ownership interest of the previous owner, subject to the rights of “any bona fide tenant.” In addition, the PFTA provides that the new owner of the foreclosed property must comply with certain notice requirements ...
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Written Charleston Foreclosure Defense Lawyer, Kristina G. Pierce
Recently, the Office of the Comptroller of the Currency (O.C.C.) and the Federal Reserve accepted a settlement deal requiring ten of the largest residential lending banks ...
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Written by Charleston Foreclosure Defense Attorney, Kristen G. Pierce
"Cash for keys" may be a good result for some homeowners facing foreclosure. Cash for keys is exactly what it sounds like--the lender gives the ...
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Written by Russell A. DeMott Charleston Foreclosure Defense Lawyer, Russell A. DeMott
You're served with a South Carolina foreclosure complaint. Then what?
It's not a letter!
After practicing law for almost 18 years now, I see ...
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Written by Charleston Foreclosure Defense Attorney, Kristina G. Pierce
If you have applied for a mortgage modification and are considering retaining counsel for either modification or foreclosure defense assistance, read on.
First, I want to ...
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The foreclosure fiasco has left many Americans who always paid their debts in a position where the house payment has become unmanageable by no fault of their own. Of course you know that ...
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Written by Charleston Foreclosure Defense Lawyer, Kristina G. Pierce
If after reading HARP, Part One, you are interested in applying for a refinance of your loan through HARP, you may have some more questions. ...
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Written by Charleston Foreclosure Defense Lawyer, Kristina G. Pierce
Are you under water or upside down on your mortgage and want to keep your home? If your home is in a state of negative ...
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Sometime during the third or fourth week in May, 1.2 million homeowners went to their mailbox and pulled out a notice that their mortgage company, GMAC Mortgage (“GMAC”), filed for Chapter 11 bankruptcy ...
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Written by Charleston Foreclosure Defense Lawyer, Graves H. Wilson, Jr.
Having examined quite a few loan modification offers, I have mixed feelings about recommending that my clients accept a mortgage modification. Obviously, if the ...
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Written by Charleston Foreclosure Defense Lawyer, Graves H. Wilson, Jr.
There is nothing light or humorous about the mortgage foreclosure fiasco or the so called "National Mortgage Settlement." The settlement documents have now ...
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