December 2007

FORECLOSURE PREVENTION COUNSELING EFFORTS RECEIVE BOOST FROM $180 MILLION APPROPRIATION NeighborWorks® America Selected to Award Grants to Approved Intermediaries  WASHINGTON, D.C. – Today NeighborWorks America announced that it was named in the FY2008 Consolidated Appropriations Act to administer a $180 [...]

Let the truth be known. Most homeowners do not respond or fight back when they are facing foreclosure. The lender files the notice of default and the court hearing comes and goes without an appearance from the defendant (homeowner). Four [...]

New York Attorney General Andrew Cuomo has issued subpoenas to Merrill Lynch and Deutsche Bank for their roles in packaging and selling mortgage loans. (By Louis Lanzano — Associated Press) The nation’s largest banks are losing billions of dollars from [...]

 Please join our one of a kind homeowners forum for foreclosure help. A safe place where you can ask questions and get answers in this unique and interactive community that was created to assist people in an anonymous, yet open format. Meet [...]

More than 200 lawyers have volunteered to help financially strapped homeowners facing foreclosure in response to a request by Chief Justice Thomas Moyer to provide free legal advice. The president of the Ohio State Bar Association put out a call [...]

CALABASAS, Calif. and NEW ORLEANS, La., Dec. 21 /PRNewswire-FirstCall/ — Countrywide Financial Corporation (NYSE: CFC – News) and the Association of Community Organizations for Reform Now (“ACORN”) announced a joint initiative to develop a blueprint for home retention programs, with [...]

1:05 P.M. EST THE PRESIDENT: Thank you all for coming. Welcome to the White House. I’m pleased to sign a bill that will help homeowners who are struggling with rising mortgage payments. The Mortgage Forgiveness Debt Relief Act of 2007 [...]

Submitted by Bill H. I have been an FHA originator for 25 years and I can tell you that the FHASecure is a joke. In order to qualify, the borrower must be diliquent on his mortgage, but all of his [...]

By Moe Bedard and Aaron Krowne It has been 4 months since President Bush announced a new refinancing program called the FHA Secure. This new refinancing product was touted as a foreclosure prevention device and viable alternative to homeowners stuck [...]

A story of encouragement from the LoanSafe.org forum. In life, we all need to hope for the best and plan for the worst. The forum is all about paying it forward and helping one another out. A place where homeowners can [...]

This is a post in my forum at LoanSafe.org from a struggling homeowner. I thought I would showcase these every now and then on my blog so people can see the troubles that homeowners face when they reach out to the [...]

The U.S. House Judiciary approved a new bankruptcy bill Wednesday that would enable homeowners to modify their mortgages in bankruptcy court. The bill that has been designed to keep homeowners in their homes has had it’s share of controversy and opposition. The bill [...]

Since day 1 in running this blog and my forum, I have been alerted and have personally experienced the abuses that homeowners are suffering at the hands of their lenders or servicers. Uncaring employees, rude employees, unanswered phone calls, multiple [...]

 Reader response to – Foreclosure Warfare – “It is troubling that the plaintiff has filed this case before it had any interest in it” Myshkin ~ In the mortgage and foreclosure world so much abuse has been tolerated for so long [...]

By Moe Bedard & Aaron Krowne “It is troubling that the plaintiff has filed this case before it had any interest in it,” Hamilton County Common Pleas Judge Steven E. Martin said in a letter to Wells Fargo’s lawyer. The [...]

We don’t always hear about successful stories where someone fought back against their lenders and was lucky enough to avoid foreclosure with a loan modification. Our forum at LoanSafe.org has had some recent homeowner success stories and I wanted to [...]