Recently in Loan Modifications Category

These days the phrase "home robbery" is synonymous with stolen homes and mortgage nightmares.  It used to mean that belongings had been stolen out of your home, but nowadays when we hear "home robbery," more and more homeowners say it...
Even though the Obama administration created a $75 billion program to limit foreclosures and help make homes more affordable through loan modifications -I think it's fair to say that the program isn't working as intended.  When questioning why they continue...
While the banks sit high and mighty on their perch on the shoulders of the average American citizen, homeowners struggle to come to terms with the fact that the banks simply do not care about helping them out. Today's economy...
CNBC's Diana Olick reports that for homes with two mortgages, the second mortgage holder is often demanding a short sale buyer pay them in cash on the side, and they're not disclosing it. And that's against the law.Diana Olick from...
For lots of us, the goal for 2010 is to make it as little like 2009 as possible. And for millions of Americans, that means trying to get a fresh start on their mortgages after Wall Street ravaged the economy.But...
Loan servicers act as middlemen between borrowers making mortgage payments and investors who own their loans.  It's the loan servicing company that is responsible for  managing the loan. Though they play a crucial role in the subprime mortgage mess, they...
Florida homeowners Sara and Moshe have been working tirelessly trying get someone at Bank of America to respond to their many requests for BofA to correct their bank accounting errors. All promises made by BofA representatives to correct inaccuracies,...
While many homeowners have taken the jump from making regular mortgage payments on a monthly basis to a temporary loan modification plan, few of these have been able to make a successful transition to permanent modifications that would allow them...
A New York Judge sent a strong message to a California bank -enough is enough. When the Judge became annoyed and obviously frustrated by the bank's continual refusal to work out a loan modification with the distressed homeowners, he had...
A new petition urging Congress to take swift action and regulate the mortgage servicing industry is circulating and growing momentum. As the economy and homeowners continue to struggle, this unregulated industry continues to be the source of  much of the...
A memoir exposing the steep price consumers pay when facing mortgage servicing errors, inaccurate credit reporting, illegal debt collection practices, identity theft and weak consumer protection laws. THE BOOK » DENISE'S STORY »