I don’t know if you realize this. As the people in the United States have become more aware of the foreclosure crisis and the devastating impact it is having on the people facing foreclosure and their families, more and more people, organizations and state agencies are coming to their aid. Since early June, I have [...]
On June 9 the Attorney General of Massachusetts announced that Fremont General, a bankrupt subprime lender, agreed to a settlement of $10 million. It was alleged that the company had used predatory lending practices that led to foreclosures in Massachusetts. In the settlement Fremont denied that they did anything wrong. Fremont had been a large [...]
When it comes to foreclosures most of our focus is on the person facing foreclosure. We look at the impact the foreclosure may have on them and their family. You may not realize it but mortgage companies and investors are also affected. Most people think that when a mortgage company acquires a home through a [...]
Found some interesting information that I had to pass along to you today. As you know, I stress that if you are facing foreclosure, you should get the help of a lawyer or an expert in loan modifications to help you rather than trying to do it all by yourself. There is an organization, NeighborWorks [...]
You may be in the middle of a financial hardship. Perhaps it was a job loss and you fear that it may be months before you get another. Maybe there are mounting medical bills and these are draining your savings. It may have been a divorce and suddenly you can’t make ends meet financially. It’s [...]
