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foreclosure: REMEDY FOR SOME FORECLOSURE VICTIMS! - 01/19/12 06:00 PM
REMEDY FOR SOME FORECLOSURE VICTIMS!
 
If you lost your home through foreclosure in 2009 or 2010 there may be a remedy waiting for you.  The Office of the Comptroller of the Currency (OCC) has ordered an independent review of foreclosures processed by GMAC Mortgage, HSBC Finance Corp., Sun Trust Mortgage and EMC Mortgage.
 
If one of these loan servicers processed your foreclosure, and you believe that you were financially harmed during their foreclosure process, you may have some cash coming! 
 
The government has determined that there may have been flaws in the foreclosure processing in some cases.  … (0 comments)

foreclosure: THE INSANITY CONTINUES: BANK'S POLICY PREVENTS HOMEOWNER FROM MAKING PAYMENTS! - 02/12/11 04:22 PM
The Insanity Continues: Bank's Policy Prevents Qualified Homeowner From Making Payments With Government Assistance!
  
Last month we published a post about the new KEEP YOUR HOME CALIFORNIA program.  This program was designed to help California homeowners who lost their jobs by paying qualified borrower's mortgage payments of up to $ 3000 per month for up to six months, giving the homeowner time to find new employment.
This is a case where a government program could actually help both the homeowner and the lender.  If the homeowner finds new employment they get back on track and another foreclosure is avoided. 
How … (2 comments)

foreclosure: California 90 Day Foreclosure Moratorium: Viable Solution or Window Dressing? - 06/16/09 03:53 PM
New Foreclosure Prevention Act For California Now Law
 
California's new Foreclosure Prevention Act went into effect on May 22, 2009.  The object of the exercise is to delay the foreclosure process an additional 90 days, extending the period to a total of 180 days for those who qualify.  The object is to provide more time for lenders to work with borrowers to provide loan modifications, turning "non performing assets" into productive loans and keeping borrowers in their homes.      
 
The question is, will it really help or is it just politics as usual?  As with so many of these … (0 comments)