Manhattan Foreclosure Cases Speed Up As Courts Implement Rocket Docket. Manhattan judges have implemented a rocket docket for Manhattan foreclosure cases. It seems the end is near for Manhattan homeowners hoping to take advantage of the borough’s notorious long foreclosure litigation time.
Which banks are positioned to capitalize on stress test results? (MoneyWatch) The Federal Reserve just released the results of their stress test on 18 of the largest. In addition, Ally Bank continues to be a well-capitalized bank with a leading position in the.
implement, expand, or enhance rocket docket programs. rocket Dockets are a collaborative effort between the County and Commonwealth’s Attorneys to process the appropriate cases more swiftly through the judicial system, which creates cost savings and more quickly identifies defendants for the appropriate drug treatment.
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Seven defendants indicted in $49.6M mortgage fraud scam FBI makes arrests in sweeping mortgage, welfare fraud case. The FBI made numerous arrests in New York City, Orange County and Monsey on Thursday morning in what federal prosecutors described as a.
To clear a huge backlog of foreclosures, Florida judges are hearing "rocket dockets" of nearly 1,000 cases a day.
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Researchers at the Federal Reserve Bank of Cleveland say that their findings show that fast-tracking foreclosures on vacant properties in states that handle foreclosures through the courts could.
Florida’s rocket docket has been suggested as a reason why so many banks are now voluntarily dismissing Florida foreclosure cases: The banks just aren’t ready to go forward. Those voluntary.
ACLU Says Foreclosure ‘Rocket Docket’ Unconstitutional – The American Civil Liberties Union says that Florida’s ‘rocket docket’ designed to speed up the foreclosure process to benefit bankers’ is unconstitutional, and will challenge the system to the fullest extent of the law in court. The U.S. 20th Judicial Circuit operates the system, which.
Watch ‘rocket docket’ at work The national rate of foreclosure jumped by 79 percent between December 2006 and December 2007, according to RealtyTrac, a company that compiles data on home foreclosures. foreclosures continued to climb in January, though at a slower pace than the month before.
The state’s rocket docket was started last June to speed up foreclosures in the five counties, which had been flooded with a back-log of 40,000 foreclosure cases as a result of homeowners losing jobs, giving up on paying mortgages due to falling home prices, mortgages that adjusted and became to costly to afford and a bevy of other troubles.