Dual-track Foreclosures (working with the homeowner on modification of the loan while simultaneously pursuing foreclosure) is now forbidden. Also forbidden, as if lenders didn’t already know, are robo-signing practices to process foreclosures. Robo signings were uncovered in 2010, when lenders hired people off the street to sign default documents in order to expedite foreclosures. Robo [...]
With the new HARP 2.0 many borrowers are uncertain about government loans and how to determine if they have a government backed loan which are Fannie Mae or Freddie Mac. If your mortgage is owned by Fannie Mae or Freddie Mac, you may be eligible for a Home Affordable Refinance to take advantage of lower interest rates. Your [...]
Closet Foreclosures Hiding ~ List & Sell Now!
Homeowner and investors, learn more about how to short sale without a deficiency. Many of the homes for sale in Melbourne FL are Bank short sales. Many borrowers opt not to do loan modifications beca…
Loan Modifications, Short Sales STOP Foreclosures.
There are options and alternatives to relieve mortgage distress. Loan Modifications, Short Sales options that STOP foreclosures. Request the complimentary Mortgage Relief Guide.
From:
A1AFinancialRe…
In a recent post Mortgage Modification Plan Continues to Produce Limited Results, it states, “Under HAMP the federal government offered incentive payments to lenders and servicers that agreed to modify loans in accordance with clearly defined guidelines. Despite these incentives, when homeowners fall behind in payments many lenders simply seek foreclosure rather than working with [...]
My thought is, start appealing to the top brass with hope it will have a trickle down effect. Following is just one of the letters I have emailed to the CEO of big boy lenders: Dear Mr Pandit, I read the article on Housing Wire and was delighted to see that Citigroup is paving the [...]