such as phony credit counselors or individuals who ask you to sign over the deed to your home, and be selective about whom you ask for help. Start seeking help from HUD counseling agencies and other reputable local agencies.
They work with a large number of loan servicers to achieve affordable mortgage payments and help homeowners avoid foreclosure. There are similar agencies in every state throughout the nation, so be sure to consider that route as well. Just make sure they are the official housing agencies backed...
Help From the Feds The federal government has talked a lot about stemming the tide of foreclosures, and most policymakers agree that keeping people in their homes is better for the housing market. But the feds haven't provided much help so far. The programs introduced are so narrowly focused ...
1 [vii] Smith, Stocks, Consumer advisory: Don't fall for a foreclosure relief scam or bogus legal help, July 23, 2014, http://www.consumerfinance.gov/blog/consumer-advisory-dont-fall-for-a-foreclosure-relief-scam-or- bogus-legal-help/ The enumerated items are the exact verbiage from the...
to get the housing crisis behind us, we are going to have to face up to the fact that not everyone who wants to stay put will be able to do so. Delaying the inevitable, by passing misguided legislation or by overreacting to banks’ problematic documentation, does nothing to help us move...
Doubt is Cast on Firms Hired to Help Banks The regulators reached an $8.5 billion settlement with banks, scuttling a flawed foreclosure review run by eight consulting firms. In the end, borrowers ... Silver-Greenberg,Protess 被引量: 1发表: 0年 FIVE Things: Homeowners Need to Know The ...
If you're currently unable to afford your mortgage payment, and won’t be able to in the near future, a loan modification might be the ideal option to help you avoid foreclosure. Forbearance Agreement: While a loan modification agreement is a permanent solution to unaffordable monthly payments,...
The arrangement satisfied the ratings agencies, but it has not satisfied the courts. Real estate law dating back hundreds of years requires that to foreclose on real property, the foreclosing party must produce signed documentation establishing a chain of title to the property; and that has not ...
The Administration committed $75 billion to try to help three to four million struggling homeowners avoid foreclosure and reduce the spillover effects of the foreclosure crisis on the economy as a whole. After a year of operations, ending in March 2010, only about 230,000 borrowers had entered...
Many had high hopes that the government’s review of more than four million troubled mortgages would help break the legal logjam that borrowers like Scott find themselves in. But after spending more than two years and $2 billion, regulators at the Office of the Controller of the Currency abrup...