BofA Gave Bonuses to Foreclose on Clients, Lawsuit Claims By Hugh Son & David McLaughlin – Jun 15, 2013 12:00 AM ET Bank of America Corp. (BAC), the second-biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents….Read More→
As my readers (and anyone who knows me) know, I am a Short Sale Specialist. I aggressively fight for the right of home owners to get them out of their unaffordable mortgages all the while with the intent of removing them from future liability.
Title Problems due to Foreclosures MAY have found a solution! It has been a very unfortunate result of this economy and the prior mortgage boom………a broken chain of title. A chain of title shows the continuum of legal, documented owners of a property. For many years after the boom busted lenders were foreclosing on homes…Read More→
It appears by their actions that Fannie Mae and Freddie Mac are “fixing” real estate prices….. For the majority of short sales either Fannie Mae or Freddie Mac are the investors that back the loan. Years ago it was a very good thing that they backed the loan as they kept the obnoxious servicers in…Read More→
Mortgage Debt Forgiveness Act EXTENDED to January 1,2014 Finally, at long last and with all the drama our politicians are known for, the Mortgage Debt Forgiveness Act was extended to the end of this year!!! If the act did not receive an extension, borrowers who received relief in the form of forgiven debt may have…Read More→
If you are behind on your bills and on the receiving end of collection phone calls, you will probably hear collectors make some very threatening statements. While most debt collection professionals try to stay within the boundaries defined by the Federal Fair Debt Collection Practices Act (FDCPA), many others cross the line on a regular…Read More→