Mortgage Modifications Lead To Foreclosure
Mortgage Modifications Don’t Help Mortgage modifications didn’t help three year old Anthony, who often tells his mom Jill G., of Mesquite, Texas before he goes to bed: “I wanna go to the other house.” Jill, Anthony and their dog, Tiffy a black Lab-mix, moved approx 12 miles to a rental after their home in Garland…
Foreclosure Crisis
Foreclosure crisis: Federal Bailout Oversight Panel Raises Alarms During a recent hearing members of a congressional panel responsible for monitoring the government’s bailout programs gave alarm and frustration over the possible repercussions of the home foreclosure crisis. This hearing conducted by the bipartisan Congressional Oversight Panel was initially to examine the Treasury Department’s foreclosure prevention…
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…
Bank of America and Foreclosure Freeze
Bank Of America – Foreclosure Review Over a month ago Bank of America declared a foreclosure review that would give customers confidence that they were being treated fairly. However, there are a lot of questions yet to be answered. America’s largest bank, B of A, put a freeze on foreclosure sales in 23 states last…
Foreclosure
Foreclosure – In The News Now In a recent hearing, called by the bipartisan Congressional Oversight Panel, which was given the responsibility of monitoring the government’s foreclosure bailout programs, Sen. Ted Kaufman (D-Del.), the panel’s chairman said “if investors lose confidence in the ability of banks to document their ownership of mortgages, the financial industry…
Loan Modification
Loan Modification – Does It Really Work? Recently in a hearing, called by the bipartisan Congressional Oversight Panel, which was given the responsibility of monitoring the government’s foreclosure bailout programs, the panel members pounded the Treasury Department for the shortcomings in its mortgage loan modification process. This hearing came only days after a report issued from…
Fighting Foreclosure
Fighting Foreclosure – Don’t Just Roll Over How long will it be before the nightmare of home foreclosures is over? Ask Mike Dillon, who’s been fighting foreclosure to keep his New Hampshire home for the majority of the past decade. Mike did miss 2 payments in 2002, he then caught up and was current on…
US Foreclosures Increasing!
US Foreclosures have increased across most of our large metropolitan areas. According to RealtyTrac, the US foreclosures crisis has spread like a spider’s web [my words] across a larger area of our country. According to my information, Wells Fargo will refile documents on 55,000 foreclosures after admitting there were technical mistakes. US Foreclosures Crisis spreading…
GMAC – Ally Halts Foreclosures in 23 States
GMAC – Ally Halts Foreclosures in 23 States It is my understanding in a report from Bloomberg that GMAC Mortgage has directed brokers and agents to halt foreclosures on homeowners in 23 states including Florida and New York state. So, it’s true GMAC – Ally Halts Foreclosures in YES 23 states! GMAC – Ally Halts…
Foreclosure Fraud Again
Foreclosure Fraud Again – Yep, you read it right! Hey folks, guess what there’s foreclosure fraud again – the financial giants have figured out another way to profit from fraud. Yep, after destroying communities across America with shady subprime loans, the mortgage industry has launched a new assault on our nations neighborhoods with a new…
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