CAN THE ROBO-SIGNING SETTLEMENT HELP ME STAY IN MY HOME OR STOP FORECLOSURE?

By
Real Estate Agent with Trademark Loss Mitigation

 

Stop Houston and Spring TX ForeclosureThe news has been abuzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders. Chances are you have a lot of questions:



  • What is robo-signing?
  • Which banks are involved?
  • How much money is the settlement worth?
  • Who is eligible?

For distressed homeowners, however, there is only one question that is important: Can this settlement help me stay in my home? This report will help to answer all of these questions and help homeowners who are in danger of foreclosure learn what options are available to them.

WHAT IS ROBO-SIGNING?

During the height of the foreclosure crisis, many banks were faced with more foreclosures than they were equipped to handle. The government alleges that, during this time, some banks fraudulently processed and approved these foreclosures at an impossible pace.

They automated part of the process by having numerous people forge the signature of bank officials to complete the foreclosure. This practice was given the name “Robo-Signing” by the media.

WHICH BANKS ARE INVOLVED?

There were five national banks involved in the settlement:

  • Bank of America
  • JPMorgan Chase
  • Wells Fargo
  • Ally Financial/GMAC
  • Citigroup

CAN THIS SETTLEMENT HELP ME STAY IN MY HOME?

The answer: Possibly! While the government intended a portion of this settlement to punish the banks for their fraudulent behavior, it is clear that the main focus of the settlement was to get the banks to help current distressed homeowners and create some positive movement in the housing market. While there is no guarantee that homeowners will meet the eligibility requirements of the settlement, there are more options available to those who wish to pursue foreclosure alternatives.


Certified Distressed Property Expert Agent
WHAT DO I DO NOW?

As a Certified Distressed Property Expert (CDPE), I make it my business to know all of the ins-and-outs of the options that are available for people who are in danger of losing their homes. Even if you are not specifically eligible under this settlement it is important to remember one thing:

YOU HAVE OPTIONS!

 

 

As a Certified Distressed Property Expert (CDPE) I am uniquely qualified to help determine your eligibility and answer any questions you may have about the settlement. Call me or email me and set up your free, confidential consultation. Let me help you figure out the best foreclosure alternative option for you.


 

Houston TX and Spring TX short sale specialistThe Trademark Loss Mitigation team is a family owned business and  includes a multi-state network of real estate agents, attorneys, title companies, short sale negotiators, credit repair providers, mortgage providers, inspectors and investors. Together, those professionals act as a NO COST short sale outsourcing solution for Realtors and Homeowners.

Jim McNinch, Certified Distressed Property Expert (CDPE);

Short sale agent, Short sale specialist

Jim@trademarklossmitigation.com

http://hosted.cdpe.com/trademark
http://www.trademarklossmitigation.com
832-330-4588


 

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Houston TX, Spring TX short sale specialistThe Trademark Loss Mitigation team is a family owned business and  includes a multi-state network of real estate agents, attorneys, title companies, short sale negotiators, credit repair providers, mortgage providers, inspectors and investors. Together, those professionals act as a NO COST short sale outsourcing solution for Realtors and Homeowners.

Jim McNinch, Certified Distressed Property Expert (CDPE);

Short sale agent, Short sale specialist

Jim@trademarklossmitigation.com
http://hosted.cdpe.com/trademark
http://www.trademarklossmitigation.com
832-330-4588

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Lenn Harley 04/12/2012 12:18 AM
Location:
Texas
Tags:
cdpe agent
robosigning settlement
houston spring short sale specialist

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Rainmaker
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Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

It is difficult for me to determine who is saving face more in this debacle Jim.  I'll let the numbers speak for themselves when this is all meted out.      

Apr 12, 2012 12:55 AM #1
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Jim McNinch

Short Sale Specialist, Texas
For No Cost short sale assistace, contact me now!
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