illinois short sale realtor: Score for the little guy! No more Dual Tracking on Foreclosures.
- 01/19/13 07:12 AM
New Federal Guidelines Prohibit Dual Tracking on Foreclosures New guidelines stipulating that banks and servicer's are prohibited from "Dual Tracking" on foreclosures as well as other guidelines giving homeowners a fighting chance to avoid a judicial foreclosure in Illinois. CNNMoney published an article breaking down these new rules and guidelines implemented by the Consumer Financial Protection Bureau. These new guidelines are not specific to only Illinois but for the purposes of this article, I am going to concentrate on Illinois since different states have different laws and are affected differently. CFPB Director Richard Cordray says "the new rules are aimed at trying … (0 comments)
New Federal Guidelines Prohibit Dual Tracking on Foreclosures New guidelines stipulating that banks and servicer's are prohibited from "Dual Tracking" on foreclosures as well as other guidelines giving homeowners a fighting chance to avoid a judicial foreclosure in Illinois. CNNMoney published an article breaking down these new rules and guidelines implemented by the Consumer Financial Protection Bureau. These new guidelines are not specific to only Illinois but for the purposes of this article, I am going to concentrate on Illinois since different states have different laws and are affected differently. 
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