Over the course of the last month, I have received numerous phone calls from prospective clients regarding loan modifications. I have been told over and over that they were offered a 100% guarantee on a loan modification by either another attorney or a loan modification company. This is my response, “RUN!” There is NO ONE who [...]
The general idea behind Loan Modifications as put forth by President Obama was noble and much needed however the implementation of the idea is riddled with holes, hurdles, and hazards.
Problem 1
The Making Homes Affordable Act and the Guidelines set forth by President Obama make obtaining a loan modification difficult for those borrowers who are/were the [...]
The Court System is finally standing up for the little guy! Recently, the Southern District of New York ruled in favor of a borrower who was being foreclosed upon by their mortgage bank because the bank could not prove they owned the mortgage.
History
Years ago, lenders conspired to bypass the mortgage recording systems put in place by [...]
