REFinBlog

Editor: David Reiss
Brooklyn Law School

May 15, 2017

Buying a Foreclosure or Short Sale

By David Reiss

DailyWorth quoted me in Should I Buy a Foreclosure or Short Sale? It reads, in part, I’m looking to buy a new home, and I’ve noticed that there are a couple of “short sale” and foreclosed homes in the area where … Continue reading

January 27, 2017

Foreclosure or Short Sale?

By David Reiss

BeSmartee.com quoted me in Which One Is Worse: Foreclosure or Short Sale? It opens, If you’re faced with either a foreclosure or a short sale situation and aren’t sure what to do, read on. We asked some experts which one is … Continue reading

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January 27, 2017 in foreclosure | Permalink | No Comments

August 3, 2016

The Future of Mortgage Default

By David Reiss

The Consumer Financial Protection Bureau has shared its Principles for the Future of Loss Mitigation. It opens, This document outlines four principles, Accessibility, Affordability, Sustainability, and Transparency, that provide a framework for discussion about the future of loss mitigation as … Continue reading

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August 3, 2016 in foreclosure | Permalink | 1 Comment

August 2, 2016

Tax Liens and Affordable Housing

By David Reiss

NYU’s Furman Center has released a Data Brief, Selling the Debt: Properties Affected by the Sale of New York City Tax Liens. It opens, When properties in New York City accrue taxes or assessments, those debts become liens against the … Continue reading

July 1, 2016

The Sloppy State of the Mortgage Market

By David Reiss

I published a short article in the California Real Property Law Reporter, Sloppy, Sloppy, Sloppy: The State of the Mortgage Market, as part of a broader discussion of Foreclosures Following Problematic Securitizations.  The other contributors were Roger Bernhardt, who organized the discussion,  as well as … Continue reading

May 2, 2016

Nonbank Servicers Pose Risks for Homeowners

By David Reiss

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has released its Quarterly Report to Congress (April 27, 2016). The Report focuses on how nonbank servicers raise risks for homeowners participating in the Home Affordable Modification … Continue reading

April 22, 2016

Nonbank Mortgage Servicers and the Foreclosure Crisis

By David Reiss

The United States Government Accountability Office has issued a report, Nonbank Mortgage Servicers: Existing Regulatory Oversight Could Be Strengthened. The GAO found that The share of home mortgages serviced by nonbanks increased from approximately 6.8 percent in 2012 to approximately 24.2 … Continue reading