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 those laws judiciously, and educate and empower people to make better-informed financial decisions. Bureau of Consumer Financial Protection This report reveals many interesting data points about complaints submitted by consumers: Between November 1, 2016, and October 31, 2018, approximately 11 percent of complaints were about mortgages. Most mortgage complaints wereRead More →

Deed in Lieu Of Foreclosure Mortgage Cancellation Secrets

The following information is not legal advice and should not be used as legal advice, please consult an attorney for legal advice.  A Deed in Lieu of Foreclosure has advantages and disadvantages. Generally, lenders don’t often offer a Deed in Lieu of foreclosure to homeowners. Some homeowners or real estate investors, consider getting a lender to agree to allow a Deed in Lieu of foreclosure a good thing. However, there are many factors to consider and we will go over them. Advantages The borrower is often considered the big winner in a Deed in Lieu of foreclosure situation and this all depends on what theRead More →

Bankruptcy TILA Fraud Violations Mortgage Cancellation Secrets 1

(The following is not legal advice or meant to be utilized as legal advice)  Bankruptcy is often used by many homeowners to stop their mortgage foreclosure in the United States. Most often bankruptcy doesn’t exactly stop the foreclosure from happening forever, it’s simply a delay tactic. Where many homeowners even after filing bankruptcy are foreclosed on and even evicted later down the road. If homeowners and bankruptcy attorneys would get educated on TILA fraud violations and RESPA more foreclosure situations could be resolved in bankruptcy matters. What’s very sad is that many homeowners only file for bankruptcy protection because they have fallen beyond in theirRead More →

Georgia Foreclosure Help Mortgage Cancellation Secrets

If you live in Georgia and have a mortgage foreclosure, the best place to understand where to get legal help for a loan modification (especially if denied) is the Office of Attorney General Chris Carr! Find out what programs or assistance your state offers. In the state of Georgia, there are several options available to homeowners in a foreclosure situation: Here are some tips from the Office of Attorney General “Chris Carr” taken from their website. Contact your lender or servicer and make arrangements to cure the default.  Usually, this means making a cash payment to bring the loan current. Contact your lender or servicer and makeRead More →

Mortgage Cancellation Secrets Forms Get

(The following is not legal advice or intended to be used as legal advice.)  RESPA can be a powerful New York Foreclosure defense. The problem is “how to avoid being labeled a deadbeat” among New York residents who just seriously don’t want to pay their mortgage notes. It seems some bad apples are causing others to suffer. Ask any ethical homeowner, if their “mortgage lender restructured payments that made the monthly loan payments much more affordable or maybe also included reducing the principal balance, would they jump on accepting such an amazing offer?” Likely, the answer to that question would be “heck, YES!” and theirRead More →