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Judge limits compensation to foreclosed Oakland Co. property owners

Pontiac Oakland Circuit Judge Denise Langford Morris ruled Tuesday that compensation owed to property owners unjustly foreclosed upon will not be retroactive prior to a July 2020 decision of the Michigan Supreme Court.
The case filed by two homeowners against Oakland County was the flagship that helped set a new Supreme Court precedent for how counties handled tax foreclosures. So Oakland County s decision came as a blow to advocates who believed the Supreme Court s ruling would apply to a bevy of cases across the state that predated the July 2020 opinion.
The state s high court in summer 2020 had ruled then-Oakland County Treasurer Andrew Meisner was involved in an “unconstitutional taking without just compensation” under the Michigan constitution when he foreclosed on a property for $8.41 in unpaid taxes. The Southfield property at issue was later sold at county auction and the county kept all funds. ....

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Detailed text transcripts for TV channel - MSNBC - 20161130:23:47:00

On the other hand, he sold to it cit. and there are nonprofit that s say that one west really stands out for sort of awful foreclosure practices. there is a group that accused them of foreclosing on something like 36,000 homes. i m pretty sure it is more than 30,000. and more importantly, they accused them of not going into neighborhood that s are predominantly black and latino. they deny it. but he will be facing some pretty super just questions over the next few weeks. all right. thanks very much. appreciate it. we ll be right back. nominations and mike pence trip to washington and more. i m happy. it s medicare open enrollment. have you compared plans yet? it s easy at medicare.gov. or you can call 1-800-medicare. medicare open enrollment. you ll never know unless you go. i did it. ....

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CNN Your Money October 26, 2013 18:22:00

The federal government accused 13 banks, including bank of america with unsound foreclosure practices in 2009 and 10. the bank s admitted no wrong doing but paid $3.6 billion in settlement money. the sarinas cut, $2,000. now hear this, bank of america made the sarinas made a verbal offer of $100,000 in an effort to make things right in a fair way they say. but they tell cnn that $100,000 is not a fair settlement. and, christine, here s their wish list or the majority of their wishlist. mortgage-free five bedroom, three bathroom home in the pontchartrain park subdivision in new orleans where they live and also a monetary for $750,000 for the five members. sounds like a reasonable way for bank of america to get out of a bad and sticky situation that bank of america made a terrible mistake and hurt this family. we ll keep up to date with what ....

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Detailed text transcripts for TV channel - MSNBC - 20131021:16:35:00

Keep it from collapsing and being lehman before lehman was lehman. so there is an argument out there that the u.s. government said to jpmorgan if you guys buy bear stearns we ll be lenient with you in terms of lawsuits about the mortgage-backed securities. bear stearns purchased. there s an argument the u.s. government is not being all that lenient. on the other hand, this is not just one suit. jpmorgan is under attack here for a lot of different things that various elements and operations of its business did wrong. so i think there is a bit of a message being sent here that banks can t keep operating as if these prosecutions simply are a cost of doing business which is to say being lawless to a certain degree is simply a cost of doing business. a suit, a settlement of this size is kind of a shot across the bow to say, you guys actually have to begin playing by the rules in a more serious way. let s talk about that, jake in terms of playing by the rules. jpmorgan has other recent set ....

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CNN Erin Burnett OutFront August 29, 2013 03:59:00

The bank sold off their home for $48,000, less than half of what they owed. these are some of the files of people that we ve helped over the years since katrina. reporter: james perry leads an organization that fights foreclosures. they re so proud of what they accomplished because they worked so hard to get there. it didn t matter how many hurricanes came, those families rebuilt because they were there to stay. reporter: in a statement, bank of america said we apologize to them for the events that clearly should not have happened the way they did. while we did not provide the service they expected from us, we re confident this is a unique case. the federal government accused 13 banks, including bank of america, with unsound foreclosure practices in 2009 and 10. the banks admitted no wrong doing but paid $3.6 billion in settlement money. their cut? ....

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