An analysis of data by The New York Times shows that more than 100 elder-care homes in the Bay Area were under foreclosure in the last six months, and that as many as 700 residents — who often need help with bathing, eating and other daily activities — may have faced eviction.
But its right to act as an agent for lenders in foreclosures is under attack.Foreclosure delays will cause further pain in the already-pummelled market for mortgage securities.
The role of lawyers is under scrutiny in the 23 states where foreclosures must be reviewed by a court.
One in four homeowners is under water and one in six is in danger of foreclosure.
Since the early 1980s, it has been under construction, in foreclosure or on the market more often than not.
At the time of the evictions, the land was under threat of foreclosure and negotiations were taking place with the government.
Kehoe's wife was ill with tuberculosis, he had stopped making mortgage payments, and he was under pressure for foreclosure.
Their home is in foreclosure.
It had been under the threat of foreclosure, but in 2008 the former owners, Arthur Paul and Pearl Hoffman, turned it over to the lender, Pan American Fund LLC. "I can tell you that my seller, as well as Fisher Auction, was pleased with the amount, where the bidders came from and the ultimate price," Mr. Fisher said.
According to people present in the courtroom, the discussions of the Saxon filing indicated that as many as 23 military foreclosures were under scrutiny in the Justice Department investigation.
That includes those for which foreclosure proceedings are under way.
