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Tag: Home affordable

get another modification

Can I Get A Second Modification On My Home? #Redefaulting

Local News, Politics & Econ August 1, 2013August 1, 2013 John Maseredjian 0 Comments

Well the inevitable has happened!  Homeowners who received home loan modifications in the past several years are beginning to default on their modified loans at an alarming rate.  In fact the pattern of homeowners going from default to modification then back into default is becoming so prevalent that society has seen fit to give it […]

bank of america modification scandal

Bank of America Encouraging Employees to Delay Modifications and Foreclose

Industry, Politics & Econ June 18, 2013April 20, 2016 John Maseredjian 0 Comments

Well it seems that what we all suspected was in fact true!  According to a former Bank of America employee, Loss Mitigation Specialists were told to delay the Home Affordable Modification Process (aka HAMP) and were even given bonuses for foreclosure initiations!

barack obama on housing and short sale

Government Lawsuits Against Banks: Is it really help for homeowners?

Politics & Econ October 3, 2012October 3, 2012 John Maseredjian 0 Comments

  As we approach the deadline to file a lawsuit against the “big” banks for their alleged fraudulent behavior and activity, with regards to their involvement in the housing market crash, we are starting to see a new round of promises for retribution from government “heads” across the country; but are the promises sincere or […]

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