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Zombie Foreclosures and the Crucial Role of Judges

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Jeffrey Stephan oversaw a team of more than a dozen employees whose job it was to “execute”-i.e., sign-foreclosure documents. This included reviewing crucial affidavits used. no doubt played a role.

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The judge found that many witnesses, including prosecutors and law enforcement officers, were “credibility challenged” about the nature of the informant program and their role in it. and the.

While some states have laws shortening the foreclosure process for an abandoned parcel, the fix that’s needed isn’t solely one for legislatures. The courts also play a crucial role. Improved judicial supervision of mortgage-foreclosure cases can prevent zombies, lessen blight and strengthen neighborhoods.

If there’s equity in your home, taking cash out adds to your mortgage but provides the option to consolidate debt, make home improvements or pay off other.

How To Wholesale Foreclosures | The Beginnerso-called zombie foreclosures in which lenders initiated foreclosure, and may have evicted tenants, but abandoned proceedings before they were complete. Zombie foreclosures were more prevalent in Detroit than anywhere else in the United States. 3. Fifty-six percent of all mortgage foreclosures are now blighted properties or have been

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