loan modification: FTC and DOJ doens't care about you or your home - 09/22/09 10:14 PM
The Loan Modification news site has a great article about the FTC and DOJ and explores if they are helping or in fact hurting homeowners.
There are countless stories about Obama's plan failing, and in case you have been living under a rock then let me update you. Obama's plan has … (0 comments)
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loan modification: FTC to ban charging monies for loan modification by years end - 09/18/09 03:47 PM
The move by the FTC comes as federal and state officials plan to expand a crackdown on loan modification scams to other schemes that prey on debt-ridden consumers.
From the article:
Working together, we can send a clear and straightforward message: If you perpetrate mortgage fraud . . . we will … (0 comments)
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loan modification: FTC goes after two more companies, update on Lucus, and more. - 09/17/09 06:19 PM
A press release earlier today from the FTC shows that they are not in fact starting to sleep but still actively going after those who are accused of scamming home owners into illegally paying upfront fees for loan modification services which are never completed.
From the press release:
Infinity Group Services … (0 comments)
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loan modification: Loan Modification Companies- 4 Tips To Help You Find A Legitimate One - 09/16/09 09:38 PM
The current mortgage and housing crisis has resulted in an increased demand for loan modifications. To meet this demand, new loan modification companies and services are cropping up everywhere. While some of these services and companies are legitimate and may be able to help you with your loan modification, others are … (2 comments)
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loan modification: Loan Modifications Not Happening - 08/11/09 12:17 AM
"I think the banks are looking at the market bottom and trying to hold on to som eof their loans and properties until things get better," said Bill Newton, executive director of the Florida Consumer Action Network. "But it sure doesn't help the rest of us, especially since they're working with … (2 comments)
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loan modification: Making Home Affordable Program On Track To Help Millions - 08/04/09 11:03 PM
from loan-deals.com news:
WASHINGTON - Today, the Obama Administration released its first monthly Servicer Performance Report detailing the progress to date of the Making Home Affordable (MHA) loan modification program. The purpose of the report is to document the number of struggling homeowners already helped under the program, provide information on … (0 comments)
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loan modification: NC goes after california loan mod companies, Federal Loan Mod Law Center in trouble (again?) - 07/30/09 03:01 AM
Summary's of www.loan-deals.com
The Federal Loan Modification Law Center is the subject of a federal lawsuit in California filed by the Federal Trade Commission. In April, the FTC charged the firm with misrepresenting that, in exchange for an up-front fee, it would obtain a loan modification or stop foreclosure in virtually … (0 comments)
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loan modification: California goes after 23 loan modification companies - 07/15/09 05:33 PM
Loan Modification News has a great article regarding some recent (today in fact) court cases of the AG going after loan modification companies in california (and other states)
"The loan modification industry is teeming with confidence men and charlatans, who rip off desperate homeowners facing foreclosure," Brown said in a release. … (0 comments)
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loan modification: loan modification scammers step in when loan servicers refuse to provide relief - 07/15/09 02:16 AM
From Loan Modification News
The National Consumer Law Center has just released a report "loan modification scammers step in when loan servicers refuse to provide relief". The report, available here via pdf states what we have been pointing out for a very long time. Loan Modification scams are here and … (0 comments)
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loan modification: Understanding Loan Modification Program Options - 06/15/09 10:15 PM
Most lenders offer loan modification programs to borrowers who are having a difficult time making their monthly mortgage payments. Lenders have set up Loss Mitigation Departments to handle this aspect of their business and have trained staff to help troubled homeowners with loan modifications to avoid foreclosure. The foreclosure process is … (1 comments)
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loan modification: York Attorney General Goes After 14 Companies - 06/10/09 10:53 PM
The new york attorney general Andrew Cumos has gone after 14 loan modification companies and plans to go after at least one more in the near future.
Earlier today Cumos said he filed an "Intent To Sue" to Amerimod, aka American Modification Agency, Inc for illegally charging up front fees and … (0 comments)
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loan modification: Loan Modification Costs - 06/10/09 10:33 PM
If you are considering applying for a loan modification you may be wondering how much it may cost you. Actually a loan modification can cost you thousands of dollars all the way down to absolutely nothing if you negotiate your own loan modification.
There are many loan modification companies who will … (1 comments)
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loan modification: Loan Modification Scam News Website ! - 04/05/09 02:29 AM
It's actually gotten that bad that the Loan Modification News site www.loan-deals.com has actually started a loan modification scam news section!! (I am not kidding)
For more information click here: Loan Modification News Scams
… (0 comments)
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loan modification: Three Articles About Loan Modification Fraud/Scam Companies on Loan-Deals.com - 03/26/09 06:24 PM
More Fraud From Loan Modification Companies: HOPE NOW:
" According to the Commission, the defendants advertised, marketed, and sold mortgage loan modification services to consumers nationwide using Web sites including newhopemodifications.com and hopenowmod.com. The FTC charged the defendants with violating federal law by misrepresenting that they could obtain mortgage loan modifications … (0 comments)
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loan modification: Answers To Your Loan Modification Questions - 03/26/09 01:37 AM
If you are considering a loan modification you probably have several questions. It can be a confusing time, trying to get your bills under control and deal with an unfamiliar process such as a loan modification. To get your application for a loan modification approved you will need to become familiar … (1 comments)
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loan modification: 5 Tips For Fast Approval Loan Modifications - 03/22/09 10:35 PM
If you are facing a financial hardship and having trouble making your monthly mortgage payments, then a loan modification may really help your situation. A loan modification will lower the monthly payments on your mortgage by either lowering the interest rate, extending the length of the payment schedule, forgiving part of … (0 comments)
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loan modification: Loan-Deals.COM: Should You Hire A Loan Modification Attorney? - 03/19/09 08:55 PM
www.loan-deals.com has a great article titled Should You Hire A Loan Modification Attorney?
From the article:
If you are considering a loan modification to help lower your monthly mortgage payments you may be confused by all the loan modification services that are available. New loan modification services and companies continue to … (0 comments)
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loan modification: What You Need To Do To Get Yourself Qualified For A Loan Modification - 03/17/09 03:25 AM
What You Need To Do To Get Yourself Qualified For A Loan Modification
If you are a homeowner having a hard time making your monthly mortgage payments due to a financial hardship, then a loan modification might be just what you are looking for. A loan modification involves revising the loans … (0 comments)
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loan modification: How To Fill Out Your Loan Modification Forms For Approval - 03/09/09 02:20 AM
A loan modification can really help homeowners in financial hardship. What a loan modification does is change the terms of the loan to make your monthly mortgage payments more affordable. In order to get a loan modification approved you must submit a loan modification application. This application includes several forms for … (3 comments)
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loan modification: Citi to allow jobless to pay less on loans - 03/02/09 11:12 PM
March 3 (Reuters) - Citigroup Inc (C.N) will announce a new program on Tuesday aimed at reducing financial srains on unemployed homeowners, the Wall Street Journal said.
Under the program, Citigroup will temporarily lower mortgage payments to an average of $500 a month for certain borrowers who have recently lost their … (1 comments)
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