Yet another loan workout or modification scam. I am disgusted by the number of calls we receive every week detailing a company or lawyer who takes someone’s hard earned money and fails to deliver on their promise to modify the home mortgage.
Housing counselors can provide advice on buying a home, renting, defaults, foreclosures, and credit issues. Advice from housing counselors can be provided at little or no cost to consumers. Related Post National City Discriminatory Loans Costs $35 Milli… CFPB Proposed changes to our Mortgage Servicing Ru… Debt Collection Surveys to be Mailed to Consumers CFPB […]
According to Bloomberg News: Fannie Mae will begin bulk auctions of mortgages, including some sales targeted for non-profit groups and small investors, as Fannie Mae moves to reduce the number of non-performing loans “sour mortgages” on its books. Related Post Can You Get a Mortgage After a Bankruptcy? HSBC sued by NY Attorney General for […]
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The story is one that thousands of homeowners have experienced over the last 8 years: job loss, financial collapse, and possible bankruptcy. The homeowner diligently works with the lender to reduce payments, following the lender/servicer’s instructions only to find complete mismanagement by the lender/servicer to properly document agreements and then the initiation of a foreclosure. […]
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