BAC Home Loan Servicing and Countrywide are just plain crooks. While there is nothing wrong with a lender taking control of a situation with an abandoned home (per the powers granted to them in your deed of trust/mortgage that you signed at closing) the rampant mark up of fees and side dealings like this have [...]
Countrywide Will Pay $108 Million for Overcharging Struggling Homeowners
June 7, 2010 By Leave a Comment
Forensic Mortgage Loan Audit Scams: A New Twist on Foreclosure Rescue Fraud says FTC
June 7, 2010 By Leave a Comment
The latest foreclosure rescue scam to exploit homeowners is a forensic mortgage loan audit says the FTC. They should have said MAY BE a scam. What the FTC doesn’t tell you is that it is only a scam if there is no value to the audit. A good audit will analyze your loan not just [...]
FTC ban on upfront loan mod fees looming
March 11, 2010 By 4 Comments
On March 29, 2010 the loan modification realm is likely to see massive changes. It appears that the FTC’s proposed ban on upfront loan mod fees will soon be in effect. This is good and bad. The good news is that hopefully most of the rip-off operations available through the internet will be out of [...]
