Fannie Mae and Freddie Mac Update COVID-19 Mortgage Forbearance Guidelines

By MCS12

Many homeowners who needed to refinance their Fannie Mae and Freddie Mac mortgage loan or even buy a new home were all left in limbo because of the COVID-19, Coronavirus pandemic. Leaving most mortgage borrowers with not knowing what to do next about the uncertainty of refinancing or purchasing a new home. Fannie Mae and Freddie Mac announced…

Stop A New York Foreclosure Sale Date, Look For These Errors

By MCS12

(For informational purposes only and not intended as legal advice or legal consulting.) This is how to stop a New York foreclosure by spotting errors. Once a homeowner spots errors that can void a foreclosure sale, then the homeowner can raise Standing. On December 23rd, 2019 the “New York Governor Andrew Cuomo” signed this new…

Stop A Manhattan Foreclosure In 10019 Zip Code

By MCS12

(For informational purposes only and not intended as legal advice or legal consulting.) Do you have a Clinton or Chelsea, 10019 zip code foreclosure lawsuit? If so this is now the highest concentration of foreclosures in Manhattan! Surprisingly, there were 20 first-time foreclosures last year in the 10019 zip code, which represented 13% of the…

Bureau of Consumer Financial Protection Releases Mortgage Complaints

By MCS12

The Bureau of Consumer Financial Protection released a snapshot of mortgage complaints on their website filed by consumers. This report allows everyone to see the trends in mortgage complaints being filed and the progress. These complaints received allows the Bureau of Consumer Financial Protection to regulate consumer financial products or services under existing federal consumer financial laws, enforce…

Using Cash Out Refinance To Stop Foreclosure

By MCS12

Cash out refinance options offer the perfect solution to stop foreclosure by using the equity existing in the property. Often times foreclosure rescue scams trick homeowners by stealing equity in the property, in exchange for offering to stop foreclosure. Sadly, most homeowners are unaware that they can work out a better solution to use their cash…

Using QWR Qualified Written Request As Foreclosure Defense Strategy

By MCS12

(This is not legal advice, for informational purposes only). If your home is in foreclosure, the worst thing that you can do is “do nothing or wait” until the last minute to respond. In a foreclosure situation, you must act fast and the sooner you act the better chances you will have to resolve your foreclosure situation.…