Sentence examples for foreclosure chain from inspiring English sources
Meanwhile, defaults, the first link in the foreclosure chain, are running at an annual pace of 2.2 million so far this year.
The acting comptroller of the currency, John Walsh, testified last week that while there were widespread problems with documentation and oversight of law firms and other crucial links in the foreclosure chain, only a "small number of foreclosure sales should not have proceeded".
This spiral is not unlike what many in the Inland Empire know about the housing market, how one foreclosure can unleash a chain of events that soon leaves an entire neighborhood half-vacant.
The alleged document fraud could open up the entire chain of foreclosure proceedings to legal challenge.
Herb Blecher, an LPS senior vice president, said that even as more houses were lost to foreclosure it might create a chain reaction.
If ever presented for foreclosure, endorsements should demonstrate a clear chain of title, from origination through to foreclosure; and this should match the records at the public office.
Homeowners trying to fight off foreclosure were hampered by the convoluted chain of title -- in other words, it wasn't clear who was actually foreclosing on them.
So instead of moving forcefully on foreclosure relief, the players in the mortgage chain — lenders, servicers and investors — have spent months parsing whether the incentives are adequate.
But "OneWest stood out," among all of the banks defrauding their customers, journalist David Dayen wrote in his 2016 book Chain of Title, which details the foreclosure fraud scandal.
Another question is whether his financial troubles — the house with the chains in the basement was in foreclosure — might have eventually pushed the women's situation to a deadly crisis.
Many of the foreclosures that were scrutinized showed gaps in the chain of title, the report said, indicating that written transfers from the original owner to the entity currently claiming to own the deed of trust have disappeared.
