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The Helen Oliveri Team Blog

Chicagoland Real Estate

By Helen Oliveri | Broker in Hawthorn Woods, IL
  • Florida Man Sues to Reverse Foreclosure on His Home

    Posted Under: Foreclosure in Florida  |  November 10, 2010 1:27 PM  |  1,022 views  |  No comments
    Legal experts say Michael D. Carlson's bid to reverse the foreclosure on his home after it's been sold to a third party may be the first of its kind — but it's unlikely to be the last. Carlson recently filed a motion in Pinellas Circuit Court seeking to undo a foreclosure judgment against him from 2008, saying he never knew about the legal proceeding until it was over. As part of the motion, the 42-year-old divorced father of three also wants his home in Dunedin back. The problem is, Carlson's lender, Bank of America, sold it more than a year ago to another couple, who thought they had bought the foreclosed property free and clear.

    Read full article here
  • Tip of Titanic iceberg: GMAC Mortgage halts foreclosures to fix flawed process

    Posted Under: Financing in Florida  |  September 22, 2010 1:17 PM  |  1,009 views  |  No comments
    Tip of Titanic iceberg: GMAC Mortgage halts foreclosures to fix flawed process
    September 21, 2010 — St. Petersburg Times

    Wake up and good morning. We are reminded again of one of the biggest messes -- and that's a competitive world -- in Florida these days: Banks and their law firms pushing to foreclose on homes without proper paperwork and without following court-mandated procedures. In this case, the screw-up belongs to Ally Financial Inc., whose GMAC Mortgage unit halted evictions in Florida and 22 other states amid allegations of mishandled affidavits. So says a Bloomberg News story.
 
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