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 →
Category Archives: Foreclosure News
Homeowners in Foreclosure Failed by Justice System
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 idealists and dreamers. How many celebrities and wealthy individuals do … 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. 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” from representing distressed … 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
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 committed by the mortgage banking industry. In response, they are passing legislation … Continue reading →