Quiet Title Lawsuits and the Mortgage Securitization (MERS) Argument By: Michael Powers By now, you have probably heard of the MERS system and mortgage backed securities. The MERS system was the system used to transfer, sell and “pool” millions of … Continue reading →
Category Archives: Foreclosure News
CFPB Encourages Attorney Representation for Distressed Homeowners By: Michael Powers In December of 2013, the Consumer Financial Protection Bureau (CFPB) announced a new campaign. The campaign seems to convey that the CFPB encourages attorney representation for distress homeowners. They call … Continue reading →
Homeowners in Foreclosure Failed by Justice System By: Michael Powers There are no two ways about it. The US legal system has always served the interests of those who can afford it. Truth and justice? Well, those are words for … Continue reading →
HAMP Loan Modification Defects Beginning to Surface By: Michael Powers In response to the mortgage crisis of 2007, President Obama rolled out his Making Home Affordable (MHA) Programs. Beneath the MHA umbrella, The Home Affordable Modification Program (HAMP) was a … Continue reading →
Foreclosure Attorney: What They Do, and Which One’s Right for You. By: Michael Powers If you are seeking assistance with mortgage delinquency or foreclosure, you’ve probably been told to “hire a foreclosure attorney”. The Federal Trade Commission (FTC) forbids “non-attorneys” … Continue reading →
Foreclosure Alternatives Reducing Mortgage Delinquency By: Michael Powers Recently published Hope Now statistics are showing a declining mortgage delinquency rate. Both loan modification and foreclosure alternatives have contributed to reduce foreclosure starts in 2013. While the mortgage crisis is not … Continue reading →
Legislators Pass Homeowner Protection Laws to Stop Deceptive Practices By: Michael Powers Banks are bracing themselves for lawsuits as legislators pass homeowner protection laws designed to stop deceptive practices. Your legislators are telling you that they have seen enough fraud … Continue reading →
Why is Bank of America Paying to Steer Homeowners Away From Foreclosure Defense Attorneys?
By: Michael Powers If Bank of America is paying money to steer homeowners away from foreclosure defense attorneys, they must believe that there is some value in doing so. To the consumer seeking assistance with a foreclosure or distressed mortgage, … Continue reading →