Why are modifications being undermined when they would so obviously preserve the value of the “loan?” The answer is because the real party in interest in the foreclosures is the servicer, not the trust, which doesn’t own the loan anyway, nor even the investor/beneficiaries, who reap very little out of the proceeds of foreclosure. 2,494 more words
Tags » Mortgage Modification
Florida Supreme Court to rule on the Five Year Statute of Limitations
by William Hudson
In Florida, a five-year statute of limitations rule may prevent banks from being able to foreclose despite ongoing litigation. 1,151 more words
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This for general information only and NOT an opinion on your case.
I was responding to a client about the goals in opposing the wrongful foreclosures. 783 more words
Mortgage loan modification has obtained great reputation among these challenging times of economic accident and financial meltdowns. Large levels of rising prices have modified the way people live significantly. 742 more words
Seven in 10 homeowners who apply for help under the federal government’s signature mortgage aid program are rejected, according to a government report released Wednesday. 72 more words