Frustration Anger and Failed Modifications Profit Megabanks
Homeowners are still dealing with the frustration of loan modifications and getting angrier with every phone call, email and letter sent. The issues haven’t changed much from the onset of the Making Home Affordable Plan. Homeowners are still reporting that paperwork is being misplaced, that they are...
Modifications VS Foreclosures
The Obama Administrations plan to help consumers from losing there homes to foreclosure has been genuinely effective in assisting approximately two hundred thousand homeowners. The first half however of 2009 alone has brought on nearly one point eight million in foreclosures across the country. Mortgage...
Things secret mortgage servicers don’t want you to know
The secret mortgage servicers don’t want you to know is they can make MORE money off of homeowners when they keep your loan in default. A former employee of loan servicer EMC tells the inside story why so many people can’t get their loan out of default.
Loan modifications a struggle for Treasure Coast homeowners
Originaly By Nadia Vanderhoof: Since March, Leroy Stennett has spent more than 10 hours talking to seven people in five departments at Bank of America about getting his mortgage modified. In 2006, Stennett and his wife purchased a house in Port St. Lucie for $285,000, putting $95,000 down and adding...