FORECLOSURES STOPPED IN 23 STATES – GMAC
FORECLOSURES STOPPED FINALLY! The Attorney General in Connecticut, Richard Blumenthal, is investigating GMAC Mortgage, which is one of the nation’s biggest servicers of home loans. He claims that there are defective foreclosure documents. Foreclosures Stopped – Finally! around September 20, 2010. Connecticut’s Attorney General is insisting that GMAC Mortgage, which is a unit of Ally…
FORECLOSURE PROOF? 62 MILLION HOMES – REALLY?
MERS 62 Million Homes May Become Free and Clear Some Day! Yep, it’s true it’s my understanding over 62 million homes are currently held in the name of MERS [Mortgage Electronic Registration System]. This is a system that was concocted by and for the benefit of the mortgage industry. A bankruptcy court in California recently…
State Probes Into 3 Law Firms For Falsifying Foreclosure Documents
BREAKING NEWS! It has come to my attention that the Florida Attorney General’s office just announced they are conducting investigations into the state’s three biggest foreclosure law firms for allegations of deceptive and unfair actions. These firms, which at times are called “foreclosure mills,” are the Tampa-based Shapiro & Fishman, Fort Lauderdale Law Offices of…
Don’t Qualify For A Loan Modification?
Unfortunately, last month more delinquent homeowners learned they didn’t qualify for President Obama’s foreclosure program. New concerns regarding the U.S. housing market’s health and vibrancy have rightfully renewed interest in the success of President Obama’s foreclosure prevention programs. It has been wondered that an increase in foreclosures, combined with the current drop in housing sales, could…
Loan Modifications Don’t Work
According to two Republican Congressmen, President Barack Obama’s plan to help homeowners avoid foreclosure is a failure. According to a resource, Rep. Jim Jordan, R-Ohio and Rep. Darrell Issa, R-Calif communicated to Treasury Secretary Timothy Geitner a letter, which was sent not too long ago, telling him to “end immediately” the Home Affordable Modification Program…
Foreclosure Avoidance
Home foreclosures are unfortunately still a serious problem in our country. Though, foreclosure rates are down in areas such as Atlanta, that’s not the case in most of America. Each month, there are thousands of foreclosures in newspapers across the country and many predict the numbers will stay the same for some time to come.…
What Is Foreclosure?
When a homeowner fails to repay their debt in full and defaults on their mortgage a foreclosure takes place. The lending institution will sell the property to repay the debt to make up for the loss on their books. The cause for foreclosures vary and in today’s financial crisis, some of the main causes of…
Foreclosure Solutions
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