Tag Archives: Foreclosure
Did your lender screw up?
If your house was in foreclosure in 2009 or 2010 and your mortgage servicer misbehaved, here is some good news.
You can request to have your foreclosure case reviewed by an independent firm. If the reviewer determines that you suffered “financial injur… Continue reading
Foreclosure deal coming soon
After a year of discordant negotiations, a settlement is said to be imminent between U.S. states and the nation’s largest mortgage lenders that would allow the banks to walk away from America’s foreclosure mess for a reported $25 billion.
Reuters quote… Continue reading
Foreclosure help falls short
A federal program to help unemployed homeowners avoid foreclosure has come to a disappointing end with less than half of its $1 billion spent and two-thirds of its anticipated recipients receiving nothing.
The Emergency Homeowners’ Loan Program, which … Continue reading
3 years of total chaos
This month marks the third anniversary of the end of America’s financial system as we know it. No one is celebrating. Everyone is outraged. And the aggrieved are lined up seeking unprecedented billions of dollars in compensation.
The foreclosure mess t… Continue reading
Robosigning: the con goes on
Remember that kerfuffle last fall over “robosigners,” those over-caffeinated paper-pushers who forged and rubber-stamped their way through thousands of foreclosure documents a day in order to ram them through our overwhelmed court system?
Turns out the… Continue reading
A bank against foreclosures
Banks can work with borrowers, help them avoid foreclosure and remain profitable.
That’s a lesson large lenders should learn from Webster Financial Corp., a regional bank based in Waterbury, Conn. The bank, which services $8 billion in mortgages and ho… Continue reading
Petraeus takes off the gloves
Just six months into her job as assistant director of the Office of Servicemember Affairs at the Consumer Financial Protection Bureau, Holly Petraeus is kicking butts and taking names of mortgage lenders who dare to mess with America’s military familie… Continue reading
$1.2 million mansion for $10K?
Here in Florida, the Foreclosure State, we thought we’d already cataloged every genus responsible for this plague on all our houses, from the predatory lenders to the oblivious robosigners and rocket dockets to the no-mod-for-you bank Nazis. That was, … Continue reading
Mortgage help for unemployed
If you are behind on your mortgage payments because you lost your job, you may be able to get up to $50,000 in help from the government.
But act quickly.
This week, HUD announced a new interest-free government loan program for homeowners who are on the… Continue reading