Blog Archives

The Mortgage Settlement Claim Filing Deadline is FRIDAY!

Recall from previous blogs, that the deadline to file a claim under the National Mortgage Settlement Fund is Friday, January 18th, 2013. If your loan meets the minimum requirements below, then you may be eligible to recover money for the wrongful foreclosure of your home. Read the rest of this entry

Merry Christmas from Fannie & Freddie…?

Fannie Mae & Freddie Mac: No foreclosures for the holidays

Mortgage giants Fannie Mae and Freddie Mac recently announced that they will temporarily halt all bank repossessions and evictions beginning in mid-December until Jan. 2, 2013.  Well, isn’t this nice of them!  Part of me wants to say thank you and another part of me wants to roll my eyes.  Although this may be welcome news to those going through the foreclosure process, in my opinion this is just their way of creating “good publicity” masking the fact that due to employee vacations, etc. they just can’t get it all done in time! Read the rest of this entry

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

DEFICIENCY JUDGMENTS AND TAX LIABILITY

A main concern that every homeowner should have when considering a short sale, deed in lieu, mortgage restructuring, or foreclosure is the potential of a Deficiency Judgment. Read the rest of this entry