Principal Reduction Is Real It seems that the press engine on principal reductions is real. BofA has announced that they are beginning 200,000 principal reductions as part of the $25B settlement … [Read more...]
Treasury warns Chase of permanent HAMP witholdings
December 7, 2011 by Leave a Comment
Treasury warns Chase of permanent HAMP witholdings The Treasury Department will withhold Home Affordable Modification Program payments from JPMorgan Chase (JPM: 33.95 +2.17%) and Bank of America … [Read more...]
Holocaust Survivor Income Not Acceptable for Loan Modification
September 26, 2011 by Leave a Comment
If being the victim of Nazi persecution was not enough, a client of ours has another injustice to suffer under Chase. The client came to us because he has been fighting to keep his modest home from … [Read more...]
Loan Mod Scams are from Mars, Thomson Law is from Venus
December 14, 2010 by 3 Comments
Link to Final FTC Rule The Federal Trade commission issued the final rule Mortgage Assistance Relief Services (MARS). The Final Rule seeks, among other things, to: 1) prohibit providers of such … [Read more...]
Mortgage Modification Hammers Credit
August 15, 2010 by 6 Comments
Original Article Here I am face to face with 3 to 5 homeowners a day with difficulty in paying their mortgage. Whether it is current budget, pending or post layoff, pay cuts or just waking up to … [Read more...]
Bank of America Extending Mortgage Modification Outreach
June 2, 2010 by Leave a Comment
BofA opening outreach centers in NV and FL. Way to go BofA over 200,000 foreclosures later in NV. This is the most ridiculous press release I have ever read. Servicers in general couldn't find their … [Read more...]
More Scam Principal Reduction Programs
June 1, 2010 by 2 Comments
So, I use Google alerts to let me know when someone is having a conversation about loan mods, principal reduction etc online. So, I look at my Google alert today and lo and behold there are three … [Read more...]
Loan Modifications Are A Scam
May 27, 2010 by 2 Comments
Yes, I said it. "Loan Modifications Are A Scam" Strong words I know. Watch the video and you will understand. Everyone is doing a horrible job explaining what a HAMP or HAMP like modification is going … [Read more...]
Home Ownership For Life
May 26, 2010 by 3 Comments
So I found this webpage Home Ownership For Life Now, they are probably good guys. They have the best of intentions and the road to hell is paved with them. But, the title says it all "Home Ownership … [Read more...]
