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Category Archives: Miami foreclosure

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Reports: New Treasury Secretary Oversaw “Foreclosure Machine”

By Jacobs Legal |

The Miami foreclosure defense lawyers atJacobs Legal have not been shy with criticism of the current presidential administration, in particular with regards to a failure to hold big banks and executives accountable for their central role in the foreclosure crisis. Unfortunately, it does not seem as if the new administration is going to take… Read More »

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Ocwen Foreclosures Halted for Settlement Compliance Failure

By Jacobs Legal |

Ocwen Financial holds the keys to some 17,500 defaulted home mortgage loans – and can’t continue to foreclose on a single one. That is true at least for the time being, after the National Mortgage Settlement monitor announced the company is barred from foreclosure action after falling short of the required performance metrics. The… Read More »

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Millennials Reticent to Buy Homes, Finding Rent to be Better Financially

By Jacobs Legal |

A recent analysis by online residential real estate site Trulia encourages people in their 20s and 30s to take the plunge into home ownership, citing in its “Rent vs. Buy Report” that purchasing a home is now 23 percent less expensive than renting. That figure holds true across the country. Assuming a buyer age… Read More »

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Bruce Jacobs in Daily Business Review: Lenders Must Abide Statute of Limitations

By Jacobs Legal |

In a recent article for the Daily Business Review, a highly-regarded legal industry publication, Miami Foreclosure Attorney Bruce Jacobs of Jacobs Keely weighs in on the issue of why lenders can’t flout the statute of limitations. The piece, “Statute of Limitations Applies to Everyone, Even Lenders,” stems from the mortgage foreclosure case of Bartram… Read More »

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Bernanke: Wall Street Execs Should Have Been Imprisoned

By Jacobs Legal |

Former Federal Reserve Chairman Ben Bernanke has two major regrets when it comes to his agency’s handling of the financial meltdown of 2008. First, he says he should have been more aggressive with his public relations to explain to the public why massive bailouts of the companies that caused the crisis were necessary. Secondly,… Read More »

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Report: Eric Holder Cashes In After Giving Banks Big Breaks

By Jacobs Legal |

In a scathing article detailing dealings of former U.S. Attorney General Eric Holder, Rolling Stone’s Matt Taibbi writes about Holder’s lack of bank prosecutions in the wake of the housing market bust and how he may now be personally benefiting from that. Taibbi calls out Holder as “Double Agent,” parading “brilliantly” as the U.S…. Read More »

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JPMorgan Chase CEO Now a Billionaire

By Jacobs Legal |

The CEO of JPMorgan Chase & Co. has joined the billionaire club, according to the most recent report by Bloomberg News. Jamie Dimon, the assembler of Citigroup Inc. and now head of JPMorgan, has a net worth of $1.1 billion, derived primarily from a $485 million stake in the bank where he has been… Read More »

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Report: Hedge Funds Buying Distressed Properties at Alarming Rate

By Jacobs Legal |

It’s been eight years since the global financial crisis sent American homeowners into a tailspin. Many were fighting tooth-and-nail to keep their homes, and millions lost that fight. For a significant number, it was an uphill battle as they coped with job losses and stagnant wages on top of the plummeting value of their… Read More »

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Report: Housing Debt Saddles More Older Americans

By Jacobs Legal |

Retirement is supposed to be about enjoying those “Golden Years.” Those who have spent a lifetime working, raising families and contributing to society are supposed to be able to kick back and enjoy the fruits of all their labor – perhaps with travel or gardening or simply spending more time with loved ones. Of… Read More »

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Report: Wealth Gap Widens as Renting Becomes Norm

By Jacobs Legal |

In recent months, there has been good news on the housing economy front. Specifically, housing prices are rising once again to levels that reflect their actual value, a sign of overall economic recovery and growth after the Great Recession. But there is a downside to all this too. That recession, one of the most… Read More »

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