Every home foreclosure is different, of course. But numerous cases shows the uphill battle facing many troubled borrowers who believe that they are losing their homes for questionable reasons, like onerous fees.
One problem is ascertaining who actually owns the note underlying each home loan. This seemingly simple task has turned difficult as more home mortgages […]
Dubious fees push people into foreclosure
March 3rd, 2008 · No Comments
Tags: Foreclosure Information · Foreclosure Statistics · Mortgage Notes
Countrywide To Expand Its Foreclosure Help Program
February 11th, 2008 · 2 Comments
Countrywide under heavy pressure to help borrowers avoid foreclosure, announced an expanded program to help people with subprime mortgages stay in their homes.
The program created by the largest U.S. mortgage lender and the Association of Community Organizations for Reform Now, or ACORN, comes as hundreds of thousands of borrowers nationwide face rising rates on their […]
Tags: Avoiding Foreclosure · Mortgage Refinancing
Ocwen Financial Corp In Trouble with Veterans Administration
January 28th, 2008 · No Comments
As the property manager for thousands of foreclosed homes owned by the U.S. Department of Veterans Affairs, Ocwen Financial Corp. has neglected maintenance, been proven slow to sell houses and charged taxpayers for repairs that weren’t made, a report by the federal Government Accountability Office says. The company, which also handles mortgage payments and foreclosures […]
Tags: Foreclosure Information · Military and Veteran Mortgages · Mortgage Notes