Latest Mortgage modification Stories
SAN FRANCISCO, July 2, 2012 /PRNewswire-USNewswire/ -- California's State Legislature voted today to pass the Homeowner Bill of Rights, legislation introduced by Attorney General Kamala Harris and championed by consumer advocates and homeowners. The California Foreclosure Reduction Act-- AB 278 (Eng, Feuer, Mitchell) & SB 900 (Leno, Corbett, DeSaulnier, Evans, Pavley, Steinberg)--passed 53-25 in the Assembly and 24-13 in the Senate this afternoon. The bill now awaits Governor...
National Consumer Law Center Report Urges All States to Quickly Adopt Strong Programs Download a PDF of the full report, executive summary, tables and related online content at: http://www.nclc.org/foreclosures-and-mortgages/rebuilding-america.html BOSTON, Feb. 6, 2012 /PRNewswire-USNewswire/ -- Looking for a fix to help the broken housing market? There's already a proven inexpensive solution that can help head off the predicted 10 million homes in the United States that will be...
CARLSBAD, Calif., Jan. 16, 2012 /PRNewswire/ -- Many homeowners are sick and tired of paying on their upside-down mortgages while their neighbors and fat cat bankers get bailed out by the Fed. Some are working two jobs just to make ends meet while their mortgage payments go up and some say it feels like their lender is ripping them off. Most need some degree of help and are perfectly capable of working directly with their lender to get the help they need, provided they have a clearly...
LOS ANGELES, Jan. 4, 2012 /PRNewswire/ -- Advocates for Consumer Affairs, Advocates for Consumer Affairs is a network of experienced certified forensic loan auditors specializing in the research and analysis needed to provide attorneys and loan modification companies with the Forensic Loan Audits & Qualified Written Requests that they need to even the playing field with Lenders and successfully negotiate Principal Reductions, Interest rate Reductions and Loan Modifications on...
LAS VEGAS, Nov. 22, 2011 /PRNewswire/ -- A foreclosure review process was recently announced by the federal government in which 4.5 million consumers can submit their foreclosure cases for review, resulting in potential restitution. Click for infographic. With nearly an entire month having passed since this announcement, eligible parties should now be receiving the application via traditional mail. Efficiencies come into question. Is it reliable to mail anything to...
SANTA MONICA, Calif., Nov. 21, 2011 /PRNewswire-USNewswire/ -- Consumer Watchdog today said executives of leading Internet companies Google, Microsoft and Yahoo! should face criminal charges for their roles in allowing mortgage modification ad scammers to advertise on their sites. The nonprofit, nonpartisan group's call came as the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced it had shut down ad scammers on Microsoft's Bing search engine...
Reports of Deal Gives Lenders National Advertising Campaign While Requiring Minimal Efforts to Reach Homeowners Hurt by Banks Misconduct Newport Beach, CA (PRWEB) November 10, 2011 Although aggrieved homeowners ensnared by a foreclosure system riddled with misconduct may get their first shot at getting resolution from the banks, homeowners should not assume their rights will be protected by the recently announced federally mandated settlements, according to Vito Torchia, Jr., managing...
ForecloseByowner.com is a free and secure social networking site that gives homeowners in foreclosure a trusted environment where they can network with other homeowners and receive advice from real estate professionals. Los Angeles, CA (PRWEB) September 21, 2011 The US housing market is in the midst of an unrelenting foreclosure crisis. Millions of families have lost their homes to foreclosure and millions more are expected to lose their homes in the next few years. With home values...
CARLSBAD, Calif., July 13, 2011 /PRNewswire/ -- New loan modification programs have helped hundreds of thousands of people drop principal, reduce payments, or receive zero interest loans for the last several years, but many homeowners still haven't taken advantage of the programs available. The United States Treasury Department is reporting the average modification for each homeowner reduces payments by 36%. Someone with a $2000 monthly mortgage payment saves an average of $720 per month,...
CENTURY CITY, Calif., July 6, 2011 /PRNewswire/ -- Michael McDevitt, America's leading real estate finance and mortgage loan audit expert, was recently featured in Bloomberg's Business Week showcasing the advantages consumers have in loss mitigation transactions using mortgage compliance analysis reports, forensic loan audits, mortgage securitization audits, and REST Reports. The excerpt praised Michael McDevitt as dedicated to spreading knowledge, educational tools and awareness in his...
