Saturday, March 3rd, 2012
LOS ANGELES, March 2, 2012 /PRNewswire/ -- American Loan Compliance ( www.americanloancompliance.com ), in association with Homeland Assistance , along with the Federal Relief Organization ( www.fedrelief.org ), certainly some of the nation's leading providers of American real estate compliance analysis and mortgage investigative solutions, were recently publicly recognized for ...
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Friday, March 2nd, 2012
Seventeen states have now introduced bills for state-owned banks, and others are in the works. Hawaii's innovative state bank bill addresses the foreclosure mess. County-owned banks are being proposed that would tackle the housing crisis by exercising the right of eminent domain on abandoned and foreclosed properties. Arizona has a ...
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Thursday, March 1st, 2012
Seventeen US states have now introduced bills for state-owned banks, and others are in the works. Hawaii's innovative state bank bill addresses the foreclosure mess. County-owned banks are being proposed that would tackle the housing crisis by exercising the right of eminent domain on abandoned and foreclosed properties. Arizona has ...
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Tuesday, February 21st, 2012
Some consumers will receive restitution for an alleged scam that involved three Delray Beach companies illegally charging up-front fees to help people save their homes from foreclosure, the Florida Attorney General's Office announced.The state has been able to collect $59,000 to distribute restitution payments to about 430 consumers who were ...
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Saturday, February 18th, 2012
Bank of America Corp . settled alawsuit over mortgage modifications brought by Nevada , stateAttorney General Catherine Cortez Masto said. Resolution of the case is part of the $25 billion accordthat Bank of America, JPMorgan Chase Co ., Wells Fargo Co ., Citigroup Inc. (C) and Ally ...
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Monday, February 13th, 2012
The deal requires five of the largest banks to reduce mortgage loans for about a million homeowners with homes that are underwater, meaning the home is worth less than what is owed.The banks will also send checks of $2,000 to about 750,000 Americans who were improperly or unfairly foreclosed upon.The ...
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Friday, February 10th, 2012
2.OK, what hardships are acceptable? Although each hardship is determined separately, the lender will usually consider these to be honored: a death in family, loss of employment or less hours, relocation for work, medical problems (hospitalized, bills), divorce, separation. Homeowners will need to write a hardship letter to the lender ...
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Tuesday, February 7th, 2012
How does this aid you? Well, if you currently own a mortgage insured by the Federal Housing Administration (FHA), you will be able to radically decrease your monthly home mortgage payments, interest rate, and possibly achieve a partial principal forbearance or balance reduction (a decrease in the amount you owe ...
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Tuesday, January 31st, 2012
Although everyone is eligible for the loan modification program but there are some prerequisites that need to be met to qualify for it. Under this plan a package of $75 billion is offered to help the homeowners and there are categories of the homeowners. The first category is of those ...
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Saturday, January 28th, 2012
Mortgage loan modification differs from refinancing in that refinancing gives borrowers a new loan. Refinancing involves more paperwork and more strict eligibility requirements. Loan modification simply changes the existing loan. The purpose of both loan modification and refinancing is to help troubled homeowners avoid foreclosure and remain in their homes. ...
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