I don’t know if you saw or heard about it. On December 30, 2009, the city of Memphis and Shelby County, Tennessee where Memphis is located filed a federal lawsuit against Wells Fargo. The suit alleges that Wells Fargo had their loan officers steer members of minority groups who were buying homes and looking for [...]
On November 5, 2009 the gloves came off in the state of Ohio. At stake is how much control can a state have over the way a mortgage company modifies loans for people facing foreclosure in that state. Up until now mortgage companies have run their loan modification programs without any monitoring from state and [...]
Ever since the start of the Making Home Affordable Modification the mortgage companies have been slow in processing applications for loan modifications for people facing foreclosure. Numerous times in past posts here on my blog I have commented on how poorly the companies have treated these people. Up until now the mortgage companies have controlled [...]
You probably know already. I recommend that people who are facing foreclosure and who want to save their homes get help from either a lawyer or an expert skilled in loan modifications. The reason I do this is simple. Represented People Are More Likely to Save Their Homes On November 18 NeighborWorks America sent out [...]
On Thursday, November 19, a judge in Suffolk County New York handed down a decision which shocked the mortgage industry to its core. The judge wiped out the $525,000 payments a couple owed on their mortgage. As a result of his decision, they now own their home free and clear. What Led to This Monumental [...]
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