New rules to ensure mortgage lenders, servicers treat borrowers fairly

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New rules to ensure mortgage lenders, servicers treat borrowers fairly

New rules to ensure mortgage lenders, servicers treat borrowers fairly POSTED: September 12, 2016 It came as quite a shock to many distressed homeowners that the U.S. Treasury’s Home Affordable Modification Program and Home Affordable Refinance Program would end Dec. 31. You still have until then to get out from the “under” that the bursting […]

Ocwen partners with NAACP to help struggling homeowners

  Planning four community outreach events in 2016 April 5, 2016 Ben Lane KEYWORDS BORROWER ASSISTANCE NAACP OCWEN OCWEN FINANCIAL OCWEN FINANCIAL CORP. OCWEN LOAN SERVICING Ocwen Financial is partnering with the NAACP to host a series of community outreach events designed to reach struggling borrowers and help them stay in their homes. According to […]

Ringleader of massive, brazen mortgage modification fraud scheme pleads guilty

Ringleader of massive, brazen mortgage modification fraud scheme pleads guilty Joins co-conspirators in admitting guilt March 23, 2016 Ben Lane 3 Comments KEYWORDS LOAN MOD SCAMS LOAN MODIFICATION MORTGAGE FRAUD MORTGAGE FRAUD INVESTIGATIONMORTGAGE MODIFICATION The supposed ringleader of a massive mortgage modification fraud scheme pleaded guilty earlier this week to charges that he and others […]

Forensic loan audits no help in foreclosure

Forensic loan audits no help in foreclosure Posted on 30, Nov -0001 At 12:00 AM  Forensic loan audits no help in foreclosure Forensic loan audits no help in foreclosure Your home is facing foreclosure. You receive a “forensic loan audit” solicitation. The company asks you for upfront fees to conduct a forensic review of your […]

You Can Avoid Foreclosure

You Can Avoid Foreclosure It’s an ugly beast nobody wants to deal with but even if you start off with the best intentions and lots of money on the side, foreclosure can still become a reality in your life. The HARP program and other refinancing methods can all help a homeowner, that’s you, stay in […]

Tips for getting a mortgage loan modification

Tips for getting a mortgage loan modification Getting a mortgage loan modification might seem like a quest only a mythic hero could achieve. After all, the ranks of those who’ve lost homes in foreclosure dwarf the number of homeowners who’ve received mortgage help. Meet Lisa Langlois, mythic hero. Langlois, a single mom, actress and homeowner […]

Loan Modification Frequently Asked Questions

Loan Modification Frequently Asked Questions A Loan Modification is a permanent change in one or more of the terms of a Borrower’s loan, allows the loan to be reinstated, and results in a payment the Borrower can afford. Question 1: How many Loan Modifications may a Borrower receive? Answer:  Borrowers are permitted to receive a Loan […]

Modifications and the Discharged Mortgage Loan Dilemma

Mortgage borrowers who are granted Chapter 7 bankruptcy discharges and do not reaffirm their mortgages present unique issues for their lenders and mortgage servicers (collectively, mortgage lenders). When a loan secured by a mortgage on the borrower’s principal residence (the mortgage loan) is discharged in bankruptcy, the borrower’s personal liability on that loan is removed. […]

Chapter 13 – Bankruptcy Basics

This chapter of the Bankruptcy Code provides for adjustment of debts of an individual with regular income. Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years. Background A chapter 13 bankruptcy is also called a wage earner’s plan. It enables individuals with regular income to develop a plan […]

Attorney David Galler Predicts a Volatile End of the Year for Consumer Bankruptcy

Attorney David Galler Predicts a Volatile End of the Year for Consumer Bankruptcy Atlanta, GA (September 2015) – David Galler, of Galler Law, LLC, discusses a significant overhaul in bankruptcy forms, claiming it will cause inevitable confusion for attorneys, creditors, judges and even the court itself. “Effective December 1, 2015, most official bankruptcy forms are […]