Wow! Citi recognizes that something is hooky (technical term) with the processing of foreclosures at one of the largest foreclosure mills in Florida and thus stops sending them new foreclosures to handle…hey what about those already underway?!? Maybe slowing down foreclosures and at least verifying the documents might be a good idea. The Law Offices [...]
List of Lenders targeted by Texas Attorney General
October 6, 2010 By Leave a Comment
The following is the list of mortgage servicers (lenders) that have been initially targeted by Texas Attorney General Greg Abbot’s office for possible foreclosure fraud. If your loan is in a foreclosure status or you have been wrongfully foreclosed within the last four years please seek assistance immediately. – The Bank Slayer Last updated 11 [...]
Citi will give you 6 months for free!!!!
February 16, 2010 By Leave a Comment
Yeah!!! Citi announced that it will let borrowers stay in their homes for up to six months plus snag $1,000 to help defray costs for relocation, if they agree to a deed-in-lieu of foreclosure. (i.e., so you will stop suing them, trying to get a loan mod, short sale or file bankruptcy not to mention [...]
Holiday foreclosure moratorium is a worthless!
December 22, 2009 By 1 Comment
While Bank of America, JPMorgan Chase & Citi are suspending foreclosures for the holidays, just like Fannie Mae and Freddie Mac, this is a nothing more than a sick joke on those in Texas. Why? Quite simply it doesn’t help you one bit. I will make a fearless promise…ready…no one in the State of Texas will be foreclosed [...]
Strategic defaulters put downward pressure on values
November 9, 2009 By 11 Comments
Sadly less than 20% of all homeowners facing a foreclosure situation choose to list their house for sale. The mortgage unit of Citigroup says one in five borrowers who defaults does so willingly, even though they’re able to pay the mortgage. “It’s a very large number, and it’s a very, very significant risk to the housing recovery,” [...]
