Archive for the ‘Foreclosure’ Category

What You Need to Know About the Mortgage Loan Modification Process

March 23, 2015

If you’re facing foreclosure, you’re probably looking for options – and a mortgage loan modification might be one choice on the menu. In a mortgage loan modification, one or more of the requirements of a loan are changed so that the person paying the loan can more easily meet the terms. When a loan modification […]

Read More

Lender’s Failure to Comply with HAMP May Provide Foreclosure Defense

January 8, 2015

The Home Affordable Modification Program (HAMP) is a government program that allows struggling homeowners to modify the terms of a mortgage to make payments more affordable, allowing them to continue to pay for the property rather than face foreclosure. The problem is that many lenders fail to comply with HAMP’s rules. As a result, some […]

Read More

Home Affordable Modification Program Could Help You Keep Your Home

December 23, 2014

Reaching the point in life where you are finally able to buy your own home is an accomplishment. Not only is home ownership part of the American dream, but it can provide families with a sense of security and pride. Unfortunately, the housing market continues to be extremely volatile. With the fluctuating economy, many homeowners […]

Read More

Hot Off the Press: Loan Servicers Must Make “Good Faith Effort” To Keep Homeowners Out Of Foreclosure

April 30, 2014

While the economic downturn affected everyone, some homeowners had a particularly tough time as they saw their mortgages sold from one company to another and discovered promises made by one lender not being honored by the next.  The result was a large number of foreclosures, many of which could have been avoided. However, that’s about […]

Read More

Feds Announce Even More Problems with Mortgages

August 19, 2013

Cleaning up the home mortgage mess that has harmed so many borrowers in New York and across the country could take years more. The Consumer Financial Protection Bureau (CFPB) found that many banks and nonbanks continue to be sloppy in the handling, organization and transfer of key documents and records. They also have poor procedures […]

Read More

New York Foreclosures Up 66%

July 18, 2013

Ask 10 people how the U.S. economy is doing and you’ll probably get 10 very different answers.  The truth is that no one seems to really know.  One thing we do seem to know is that while foreclosure filings in many states have decreased, states with judicial foreclosures – including New York, are up 66%. […]

Read More

Wells Fargo Hit with Sanction for ‘Egregious’ Mortgage Loan Actions

April 30, 2013

Wells Fargo was recently sanctioned $3.1 million for flagrantly and repeatedly violating court orders related to its mortgage debt collection practices. A federal judge in Louisiana imposed the substantial penalty against the nation’s second largest mortgage loan servicing company for misapplying mortgage loan payments and charging improper fees against individual bankruptcy debtors. Despite ample opportunities […]

Read More

Westchester County Real Estate Sales Remain on Upswing!

April 26, 2013

The Westchester real estate market continues on the road to recovery in the first quarter of 2013, according to the Hudson Gateway Multiple Listing Service, the White Plains Daily Voice reports. First quarter home sale closings were up 7 percent over the same period last year. The transactions so far this year mostly involved properties […]

Read More

Wrongful Foreclosures on Military

March 8, 2013

In January 2013, regulators ordered banks to identify military members and other borrowers who were evicted in violation of federal law, according to nytimes.com. The findings were turned over to regulators in February 2013. The regulators found that banks including the four largest, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo wrongfully foreclosed on […]

Read More

Credit Card Users May Face New Fees

February 19, 2013

Financial planners usually advise clients against running up debt on credit cards. Now there is another reason to be cautious about whipping out the plastic for your next purchase. Since January 27, 2013, merchants who accept MasterCard and Visa are able to add a surcharge to your bill.  The surcharge is the result of a […]

Read More
More Results »