Blog Archives

Mortgage Fraud Settlement: Biggest Since Tobacco Cases

Last February, Florida Attorney General and 48 other states entered into a settlement agreement with five of the nation’s largest mortgage servicers: Bank of America, Citibank, JPMorgan Chase, Wells Fargo, and Ally/GMAC. Their liability stems from their systemic abuse of the foreclosure process as well as inappropriate mortgage-servicing practices. Read the rest of this entry

How to write a hardship letter – Part I

PART I

As we’ve discussed in previous blogs, Lender(s) and lien holders must all agree to a short sale for its approval. Everyone’s consent is necessary to clear the title on the property. To obtain the required approval, a hardship letter along with many other documents are required to be completed, compiled, and submitted. Every document is important, but standing alone, the hardship letter could be the one document that could make or break the deal. If you’re in financial trouble or are falling behind on your mortgage payments, you should speak with an attorney and real estate agent immediately to discuss your options. Read the rest of this entry