According to the New York Times – Angelo R. Mozillo, the co-founder and former chief executive of Countrywide Financial, may soon face a civil lawsuit from the Justice Department. This disclosure comes almost seven years after the subprime mortgage machine he created and oversaw began its rapid decline in August of 2007 leaving investors and […]
Real estate issues related to property located in Arizona.
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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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