This is very scary for anyone attempting a mortgage modification and/or short sale. Imagine thinking that your short sale or loan modification was “in review” (we discuss this review process in another article here) then suddenly find out you are in foreclosure or worse – foreclosed already. Sadly this happens every month in the Greater [...]
2,500 Homeowners Put Into Foreclosure While Awaiting Mortgage Modifications
December 16, 2010 By Leave a Comment
Taylor Bean & Whittaker chairman Lee Farkas Charged with Securities Fraud
June 16, 2010 By Leave a Comment
If your mortgage was funded or serviced by Taylor, Bean & Whittaker then it needs to be audited. TBW was notoriously difficult to deal with in the final stages of its life and closing a short sale or loan mod was near impossible as no one seemed able to pull the trigger. Well now the [...]
Does the government own my mortgage?
April 13, 2010 By Leave a Comment
Who is actually owed the money on your mortgage and how much is owed? Recently we’ve seen TARP documentation showing a flow of money into mortgage-backed securities. If large banks like Bank of America routinely foreclose on the wrong house are we sure mortgage payment are going to the correct place? Is the bank going [...]
HAMP can help foreclosures but increases risk
March 8, 2010 By Leave a Comment
Why does HAMP help and hinder? Simple. Borrowers hope and believe that HAMP will somehow resolve their mortgage woes when in fact it can exasperates them but slowing the foreclosure process without resolving an inability to make the payments. HAMP tends to instill false hope in borrowers many of who soon find out either: a) [...]
