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!
As if homeowners weren’t under enough duress, they now have to contend with the very real possibility of their loan being sold off in what is best described as a fire sale!
US Bancorp.: Degrading Neighborhoods One REO At A Time!
Examining the best and worst of short sale lenders from 2011 with the hopes that they will all be on the “good” list for 2012.
An open letter to investors regarding foreclosure versus short sale.
Californis Association of Realtors® makes recommendations to lenders urging for more action.
The expiration date for temporarily higher loan limits ends early for Well Fargo.
According to the U.S. Treasury mortgage payments have been modified and fewer individuals would face foreclosure proceedings. Reports show that at the end of January: • At the end of January, 947,000 households had received a deduction in their mortgage payments through HAMP. • 3% of 1.7 million households are eligible for HAMP. • 116,297 […]
