#foreclosureloss

Colorado Adds “Foreclosure Online Sales”

Keith Gantenbein

Feb 13, 2017

Colorado Adds “Foreclosure Online Sales”

Colorado has joined the new age in providing online foreclosure auctions. Last year, Realauction.com was approached by the Denver Public Trustee’s office and asked to provide Denver with its own auction site. That site is up and running and bringing huge cost savings to Denver and making it easier for more people to be able to bid on the foreclosed properties. Realauction.com runs many foreclosure auctions throughout Florida. One by one, counties in Florida put their foreclos

Goldman Sachs $1.5 Billion Mortgage Settlement Agreement

Keith Gantenbein

Mar 17, 2016

Goldman Sachs $1.5 Billion Mortgage Settlement Agreement

Goldman Sachs Group, Inc. announced last week they had reached an agreement to resolve an ongoing investigation of the Residential Mortgage-Backed Securities Working Group. The agreement was attained after more than seven years after the worst financial crisis hit the U.S. in which Goldman Sachs played a role. The agreement will conclude any real or potential civil claims from the Department of Justice, New York and Illinois Attorneys General, National Credit Union Administra

Nationstar Providing Millions of Dollars to Milwaukee Homeowners

Keith Gantenbein

Sep 2, 2015

Nationstar Providing Millions of Dollars to Milwaukee Homeowners

Nationstar Mortgage will be providing up to $30 million dollars to distressed Milwaukee homeowners under a special agreement with the city. In a move worthy of Washington politics, the majority owner of Fortress Investments, which owns Nationstar, is also the co-owner of the Milwaukee Bucks. There have been months of negotiations, bad media press and upcoming hearings on how the city will finance a proposed $500 million Bucks arena. Analysts say the two are definitely related

Keith Gantenbein

Jul 13, 2015

Denver Real Estate Attorney Keith Gantenbein Teaches CLE for National Business Institute.

Denver Real Estate Attorney Keith Gantenbein is teaching a Continuing Legal Education Class (CLE) today on the new RESPA, TILA guidelines for Loss Mit and Loan Servicing. The event is sponsored by the National Business Institute (NBI). The CLE is titled "Top RESPA, TILA and HMDA Oversights: What the CFPB and State Regulators are Looking For." ; The class will focus on foreclosure defense and loss mitigation regulations and what happens to lenders when they fail to meet those

Tax Law Legislative Update Given by Denver IRS Lawyer Tyler Murray

Keith Gantenbein

Jul 2, 2015

Tax Law Legislative Update Given by Denver IRS Lawyer Tyler Murray

Tax law attorney Tyler Murray, of Gantenbein Law Firm in Denver, presented The Annual 2015 Tax Law Legislative Update at the multi-sectional luncheon held June 10, 2015. The event, sponsored by the Colorado Bar was held at the CBA CLE office on Grant Street, Denver and attended by Denver-based attorneys representing Real Estate, Business, Trusts, Estates and Tax areas of law. Mr. Murray, spoke on recent legislation enacted this year involving changes to a wide range of tax su

JP Morgan Chase Robo-Signing; $50 Million Settlement to Homeowners

Keith Gantenbein

Mar 4, 2015

JP Morgan Chase Robo-Signing; $50 Million Settlement to Homeowners

In yet another settlement, JPMorgan Chase has admitted to filing tens of thousands of documents that were not reviewed by the people who had signed and authenticated to their accuracy. Many in the banking and legal community are shocked that Chase would admit to such wrongdoing in more than 50,000 fraudulent payment change notices. In court documents, it was stated that Chase “improperly signed, under penalty of perjury, by persons who had not reviewed the accuracy of the not

Keith Gantenbein

Feb 25, 2015

OCWEN: Alarmingly at Risk?

Ocwen Financial Corp. (OCN) subservices all the mortgage loans for Home Loan Servicing Solutions (HLSS). Mangrove Partners is an investment manager (hedge funds) and one of the largest shareholders of HLSS. HLSS is an affiliate of Ocwen. Mangrove Partners sent HLSS a letter demanding HLSS terminate its business relationship with Ocwen. Mangrove Partners sites a “dereliction of duty” and said it is “imperative” HLSS terminate its servicing relationship with Ocwen “without dela

Keith Gantenbein

Feb 2, 2015

More Troubles for OCWEN in 2015

Ocwen Financial Corp. faced major problems throughout 2014. It seems this year will be more of the same. Announced Friday, January 26th, Ocwen will hire outside accountants and pay $2.5 million to the state of California in exchange for the state to halt their bid to suspend the company’s license. California state regulators previously announced Ocwen failed to comply with providing them with loan information as requested. This latest settlement only covers Ocwen’s failure t

Foreclosure Lawsuit May Initiate New FHA/HUD Crisis

Keith Gantenbein

Jan 30, 2015

Foreclosure Lawsuit May Initiate New FHA/HUD Crisis

In what some are saying is an innovative lawsuit, a group has filed a lawsuit in Ohio, alleging lenders who failed to take required mitigation steps prior to foreclosing on mortgages guaranteed by the Federal Housing Administration (FHA) under the authority of the U.S. Department of Housing and Urban Development (HUD) have violated the False Claims Act. When a borrower defaults on an FHA-guaranteed mortgage, the FHA reimburses the lending bank for the losses. A condition of e

Keith Gantenbein

Jan 23, 2015

Keith Gantenbein to Teach at 2-day National CLE Regarding Rule 120, Mortgages

Excited to announce that Keith Gantenbein, of Gantenbein Law Firm, has been invited to teach at a 2-day National CLE, starting today, sponsored by the American Bankruptcy Institute (ABI). Mr. Gantenbein will be speaking about some of his most passionate issues: the Rule 120 Foreclosure Hearing in Colorado, Dual-Tracking, and CFPB (Consumer Finanacial Protection Bureau) Rules and Regulations, as they relate to mortgages. If you have an issue with your loan modification, mortag

Life After Foreclosure: Private Mortgage Insurance (PMI) Companies Suing Borrowers on Foreclosure De

Keith Gantenbein

Jan 19, 2015

Life After Foreclosure: Private Mortgage Insurance (PMI) Companies Suing Borrowers on Foreclosure De

A couple living in New England are facing another battle after losing their home to foreclosure. Their mortgage insurance company is suing them for $136,000. The Galindo’s came to the U.S. to build a better life for themselves and their toddler daughter. They worked hard and bought a two-family house in 2005 for $410,000. They didn’t have the money saved to make a large down payment so their lender required they buy an insurance policy in order to qualify for the mortgage. T