Bank of America – Fannie Modification
HMH came to me following a financial hardship. He faced high payments on his Bank of America serviced loan, with a rate of 5.625. The...
Read MoreZombie Titles
The latest foreclosure horror: the zombie title By Michelle Conlin Thanks to Reuters. COLUMBUS, Ohio | Thu Jan 10, 2013 1:58pm EST...
Read MoreConsumer Financial Protection Bureau Guidelines
U.S. Consumer Watchdog to Issue Mortgage Rules By EDWARD WYATT Thanks to New York Times Published: January 10, 2013 WASHINGTON — Banks and...
Read MoreAurora, Bank of America, Citibank, Chase, MetLife, PNC, Sovereign, SunTrust, U.S. Bank, Wells Fargo –
Independent Foreclosure Review to Provide $3.3 Billion in Payments, $5.2 Billion in Mortgage Assistance WASHINGTON–Ten mortgage...
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Calibur – Formerly Vericrest
I have only modified one Vericrest loan, and that one was non-owner occupied and way underwater and with a sky high minimum variable rate....
Read MoreDebt Forgiviness Will Be Imputed Income Unless Congress Acts
Beware of IRS Tax Whammy With Short Sales and Mortgage Modifications in 2013 Posted on Wednesday (December 26, 2012) at 6:00 pm to...
Read MoreObama to Replace DeMarco – Stingy Leader of Fannie and Freddie
BYE-BYE DEMARCO! Obama to Replace Director of FHFA 3 You know, I was having kind of a crummy day… nothing serious, just dragging my feet a...
Read MoreCalifornia Puts Attorneys Out of the Modification Practice
California State Bar RECENT Decision to Cause More Harm to Homeowners in Foreclosure Thanks to Martin Andelman It’s hard to imagine...
Read MoreStratigic Default
Giving Up and Getting Out Foreclosures are no longer a last resort, and a growing percentage of americans think it’s ok to strategically...
Read MoreJumbo Modification
A residential property where the first loan was more than around $729,000 at the time of the default is not eligible for modification...
Read MoreWhat Caused the 2007 Crash
The Trillion Dollar Mistake That Triggered the Economic Meltdown Thanks to Martin Andelman It was summer, 2006, and Fed Chair Alan...
Read MoreStrategic Defaulters – To Jail With You
FHFA Looking to Jail Strategic Defaulters by my friend Martin Andelman The Federal Housing Finance Administration (“FHFA”), which is the...
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