Latest News and Events

December 15, 2008 - Potestivo & Associates, P.C. is the New Lender Processing Services
December 15th 2008
December 15, 2008, Potestivo & Associates is the new Lender Processing Services

November 20, 2008 - Potestivo & Associates, P.C. Hires Associate Attorney
November 20th 2008
November 2008, Potestivo & Associates hires new associate attorney, Neil F. Narut, who brings significant default servicing legal experience to the team in Chicago, Illinois. Chicago, Ill., November 20, 2008 - Potestivo & Associates, P.C., an award-winning legal services provider to the default servicing industry, is pleased to announce the hiring of a new associate attorney, Neil F. Naru

October 20, 2008 - Potestivo & Associates Named as Top Workplace in Detroit
October 20th 2008
October 20, 2008, the Detroit Free Press named Potestivo & Associates, P.C. as one of the best 25 companies with fewer than 250 employees to work for in the Detroit area. Rochester Hills, Mich. October 20, 2008

October 2008 Managing REO - Manufactured Housing Legislative Update
October 15th 2008
The bailout bill and the housing recovery act have some important implications for the manufactured housing arena.By Justin F. Carter, Esq. As seen in Managing REO / SourceMedia, October 15, 2008Congress and President Bush have passed into law several significant provisions this year in response to the declining housing market. Specifically, the Housing and Economic Recovery Act of 2008 was passe

September 23, 2008 - Committee for Actual Real Estate Solutions, Inc. (CARES) Continues its Efforts on Capitol Hill
September 25th 2008
Washington, DC

August 8, 2008 - Fannie Mae Adds Potestivo & Associates to Its Attorney Network as Mortgage Defaults in Michigan Continue to Rise
August 8th 2008
On August 8, 2008, Fannie Mae selected Potestivo & Associates, P.C. to join their limited nationwide network of approved default servicing attorneys.   Rochester Hills, Mich., August 8, 2008

July 1, 2008 - Potestivo & Associates Receives Attorney Summit Award
July 1st 2008
On June 12, 2008, Potestivo & Associates attended the Fidelity National Foreclosure Solutions, Inc. 7th Annual Attorney Summit at Ponte Vedra Beach, FL where the firm received the award for Best Performance in Foreclosure and Bankruptcy for 2007. Rochester Hills, Mich., July 1, 2008

June 2008 DS News - Looking Beneath the Surface
June 30th 2008
By Michael J. Woods, Esq. As seen in the DSNews, June 2008 Do you remember about four years ago when a grilled cheese sandwich fetched an astonishing $28,000 bid at a popular Internet auction site? The lunchtime favorite, allegedly depicting an image of the Virgin Mary, was even said to bring about good luck. Apparently, the buyer felt this incredibly high price was a good value for this 'lucky'

June 24, 2008 - Potestivo & Associates Raises Over $5,000 for the American Cancer Society
June 27th 2008
On June 21-22, Potestivo & Associates sponsored a fundraising team for the American Cancer Society

May 14, 2008 - Ocwen and Potestivo & Associates Work with Wayne Co. Officials on Home Foreclosure and Property Preservation Solutions
May 14th 2008
On April 17, 2008, representatives from Ocwen, Potestivo & Associates, Wayne County, and the City of Detroit met to discuss retention options for homeowners facing foreclosure and solutions for vacant properties located in Wayne County.   Rochester Hills, Mich., May 14, 2008 - With foreclosure rates at record numbers in Michigan, Ocwen and Potestivo & Associates are working with W

May 2008 REOMAC Update - A Guide to Increasing the Return on an REO Sale through Property Maintenance and Preservation
May 9th 2008
A Guide to Increasing the Return on an REO Sale through Property Maintenance and Preservationby Justin F. Carter, Esq. As seen in the REOMAC Update, March/April 2008 Today's REO market is like an overstocked grocery store with few browsing customers. In fact, the customer really must dig past all the bruised apples (let alone the apples with the unknown worm inside) to find the juicy apple hid

April 28, 2008 - David G. Marowske, Associate Attorney, Appears as Expert Counsel on Local Cable Program
May 9th 2008
On April 16, David G. Marowske, associate attorney, Potestivo & Associates appeared on 'Point of Law' hosted by Cecil D. St. Pierre, Jr. on TV Warren to discuss the topic of Foreclosure Law. Rochester Hills, Mich., April 28, 2008 - David G. Marowske, associate attorney, Potestivo & Associates, P.C. recently appeared on a local Michigan cable television show, 'Point of Law,' hosted

February 29, 2008 - Michigan State Legislature Passes Bill for Loan Officer Registration
February 29th 2008
On February 27, 2008, the Michigan House of Representatives and Senate unanimously passed House Bill 5287 which requires loan officer registration.  The bill is anticipated to be signed by Governor Jennifer Granholm next week.  This legislation focuses on loan origination to ensure that consumers are working with qualified and professional loan officers.  With many subprime mortga

February 18, 2008 - Proposed State Bill to Delay Foreclosure for Service Members
February 22nd 2008
On September 6, 2007, State Senator Dennis Olshove of the 9th district introduced a bill to the Michigan legislature regarding delaying foreclosure proceedings until after the end of borrower's military service. Under this proposed bill, if the borrower is a service member, the court on its own motion or by the borrower, may stay foreclosure proceedings until six months after the completion of the

February 13, 2008 - Detroit, Michigan Had Highest Foreclosure Rate in 2007
February 22nd 2008
According to RealtyTrac Inc., a mortgage research company, Detroit and the surrounding cities of Dearborn and Livonia, had the highest foreclosure rate in the country for 2007. Other metropolitan Detroit cities of Warren, Farmington Hills, and Troy were also ranked in the top twenty of households in foreclosure. These numbers are attributed to Michigan's high unemployment rate and a distressed rea

February 12, 2008 - Bush Administration Announces Project Lifeline
February 22nd 2008
A new program was announced today by the Bush administration in the efforts to combat the ever increasing foreclosure crisis. Project Lifeline will extend help and hope to delinquent borrowers who are faced with foreclosure. This initiative is supported by the nation's largest lenders including Bank of America, Citigroup, Countrywide, JP Morgan Chase, Washington Mutual, and Wells Fargo. Under th

February 5, 2008 - Mortgage Fraud on the Rise
February 22nd 2008
With the increase of foreclosures, there has also been a steady increase in mortgage fraud in Michigan and across the country. Mortgage fraud is an intentional misstatement, misrepresentation, or omission by the mortgage applicant or other interested individual that is depended on by a lender in order to fund or insure a mortgage. The Federal Bureau of Investigation reports that Michigan is one of

January 28, 2008 - Genesee County Land Bank Authority Redeveloping and Reusing Tax Foreclosed Properties
February 22nd 2008
Genesee County, Michigan has received recent national attention regarding its Land Bank Authority. Since its creation in 2002, the Genesee County Land Bank Authority (GCLBA) has strived to acquire properties as a result of tax foreclosure and reuse that land according to the best needs of the county and community. Its mission is to return these properties to the tax roll if possible and to impro

January 16, 2008 - President Bush Signs The Mortgage Forgiveness Debt Relief Act of 2007
February 22nd 2008
On December 20, 2007, President Bush signed The Mortgage Forgiveness Debt Relief Act. Introduced on September 25, 2007, this Act was specifically designed to assist those distressed Americans avoid foreclosure. It allows borrowers to refinance their mortgage with the protection that they do not have to pay any taxes on any debt forgiveness that they might receive. Under previous law, if one's home

January 7, 2008 - Foreclosure Prevention Methods offered by the State of Michigan
February 22nd 2008
In response to the rise of foreclosures in the state of Michigan, the state legislature has passed or is actively working on passing bills in order to combat foreclosure and assist its citizens in foreclosure prevention and education. The following is a summary of bills and programs for homeowners. Michigan Home Loan Protection ActAct is designed to prevent predatory mortgage lending practices. H

December 13, 2007 - Potestivo & Associates Participates in Attorney General's Foreclosure Forum
February 22nd 2008
The State of Michigan's Attorney General's office hosted a Foreclosure Forum at Cobo Center in Detroit. It is reported that approximately 4,500 homeowners attended this well publicized event in the hopes of speaking with lenders and independent counseling agencies to aid in foreclosure prevention and avoidance. The event was designed with several components for homeowners to seek assistance. The e

November 27, 2007 - Potestivo & Associates Participates in Mayors National Forum on Homeownership Preservation and Foreclosures
February 22nd 2008
The City of Detroit and Mayor Kwame Kilpatrick hosted the United States Conference of Mayors Council's National Forum on Homeownership Preservation and Foreclosures. Held at the new MGM Grand Hotel, this event was designed to open the lines of communication and develop strategies in order to address and combat the increase of foreclosures in cities across the country. Participants include mayors

November 19, 2007 - Potestivo & Associates Expands and Renovates its Rochester Hills Location
February 22nd 2008
Potestivo & Associates is currently involved in a month long renovation and expansion project in its Rochester Hills office. The firm is expanding into an additional 5,500 square feet of office space. The expansion will provide additional offices and work space for its growing practice in particular its REO, Title, and Loss Mitigations departments. In addition, a new break room was designed fo

October 30, 2007 - Potestivo & Associates, P.C. Selected for Fannie Mae POA REO Pilot Program
February 21st 2008
Potestivo & Associates, P.C. is pleased to announce that is has been chosen for Fannie Mae's POA REO Pilot program.  Potestivo & Associates was one of four law firms in the state selected for this program.  The firm will assist Fannie Mae sell its portfolio of real estate assets in the state of Michigan.   Potestivo & Associates' Real Estate (REO)department is an ex

August 3, 2007 - Potestivo & Associates, P.C. Announces Opening of Third Office in Chicago, Illinois
February 21st 2008
Potestivo & Associates opened its third office in Chicago, Illinois on August 3, 2007.  Associate Attorney Amy Kalarickal is currently managing and operating this office, and she is handling legal matters including foreclosures, bankruptcy, landlord tenant cases, REO closings, and litigation.  Employed with the firm since 2001, Ms. Kalarickal is a graduate of Michigan State Universit

May 22, 2007 - Second Annual RES Summit Held at Henry Ford Museum
February 21st 2008
On May 22, 2007, Potestivo & Associates held its annual Real Estate Servicing Summit at the Henry Ford Museum. The summit's primary goal was to provide a forum to develop and broaden communication between lenders, servicers, realtors, prosecutor offices, and city officials and leaders. With the increase of foreclosures in the state of Michigan, it is imperative that these events occur in order

Legal Education Opportunites Available
February 21st 2008
Potestivo & Associates is pleased to offer to its clients training sessions on various legal topics including foreclosures, bankruptcy, landlord tenant matters, home retention, and REO closings.  Our experienced attorneys and staff will travel to client site to provide instruction and training to staff members and management. Training sessions have included informal discussions to trivia