885 Million Mortgage Docs Exposed in Data Breach

About 885 million mortgage documents dating back to 2003 have been exposed by a data breach within First American Financial Corp., a title insurance provider. The breach exposed bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and drivers license images online. Anyone who knew the URL for a …

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New Tax Laws Favoring Real Estate Likely DOA In Congress

Political divisiveness on Capitol Hill likely will prevent Congress from passing legislation this year addressing important tax initiatives that affect real estate, including the state and local tax (SALT) deduction and an extension of the Mortgage Forgiveness Debt Relief Act, lobbyists for the National Association of REALTORS® said Wednesday. 1. Clarification is needed on opportunity …

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Washington State Time-Barred Foreclosures and the Statute of Limitations

Over the past several years, those who service loans in the State of Washington have seen a dramatic rise in the number of lawsuits in which delinquent borrowers seek to quiet title to their homes on the grounds that lenders are barred from foreclosing based on Washington’s six-year statute of limitations. Historically, these lawsuits allege that the …

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She lost her house and her savings to a group of California scam artists who stole $11 million from thousands of struggling homeowners

Barbara Barkley is 4 feet 10 inches tall. So she designed her home in Chesapeake, Va., just for herself, with all the counters and handles lowered. People told her the changes would make the house harder to sell, but she didn’t care. “I planned to live there until I died,” said Barkley, 68. Instead, she …

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