July 2009

Homeowner Question:  Do you know anything about a modification company known as American Loan Modifications in FL? They are out of Pinecrest, FL on the east coast south of Tampa. My Answer:Many of these loan modification companies are hard to locate [...]

Update: THIS POST IS NOW CLOSED BECAUSE OF THREATS OF VIOLENCE AGAINTS THE OWNER AND SOME FALSE CLAIMS – 9/18/2009 It looks like New Leaf Loan Modifications out of Roseville California is still very much in the business. Even after [...]

This story just came out in the LA Times in regards to U.S. Rep. Laura Richardson’s rundown Sacramento house.  The story explains the uncleanliness of the home, yard and that neighbors of the congresswoman were complaining. The thing that stood [...]

The AP – The Obama administration, scrambling to get its main housing initiative on track, extracted a pledge from 25 mortgage company executives on Tuesday to improve their efforts to assist borrowers in danger of foreclosure. Blah, blah, blah…..blah, blah, [...]

Kurland, who was Angelo Mozilo’s No. 2 man at Countrywide, left in September 2006 — a year before the company began to crumble under the weight of rising loan losses. He founded Private National Mortgage Acceptance Co. early in 2008 [...]

It looks like the $hit is hitting the legal fan for some more Orange County loan modification scams and I couldn’t be happier. Maybe some of their counter parts will see the news and realize that it is only a matter [...]

If any of you have been following my blog or are in the business of helping homeowners, you already know that mortgage servicers are still giving homeowners the loan modification shaft. The facts are that after 2 years of asking [...]

The foreclosure pandemic wreaks havoc on America’s communities and families every day. The administration has responded with incentives to loan servicers — the companies that collect mortgage payments and initiate foreclosures — to rework loans. But servicers have proven extremely [...]

Arizona is infamous for having the anti deficiency law that made it really easy for homeowners to walk away from their homes with virtually no recourse in the future. Now, it looks like Arizona residents that live in their primary homes for 6 [...]

It looks like the infamous blogger in her own mind, Erin Baldwin and her incredibly slanderous blog, Bad Biz Finder have finally been silenced and rightfully so. As mentioned in my previous blog post, Ms. Baldwin had went our og [...]

It looks like this company is operating under several names like Homeland Support Services and Finance Administrators. Many scams do this to confuse consumers and avoid prosecution. Is this company doing the same thing? This homeowner alert will work in [...]

Homeowner Alert: Don’t do business with any business that cold calls you on the phone! There ARE reputable outfits out there, but they don’t cold call you and pitch you BS. Possible scam alert: Homeland Support Services, Prodigy Law Group [...]

CNN: Borrowers and housing counselors, however, have been complaining about the program since it began. Many say their servicers are not responsive — losing paperwork, not returning calls and never making decisions on applications. Some charge that servicers are violating [...]

CNN: Defaults of convenience The defaults do not always result in foreclosure or sale of the business; at times, defaults are used tactically to force concessions from lenders. “[Often] there has to be a default before the terms of the [...]

This question came as one of my blog comments and I though other homeowners could learn from it. So, here it is! Q.  Does anyone Know if the Website helpforhomeowners.org is a safe site to deal with for an FHA [...]

Bank of America, which purchased Countrywide last year, reached an agreement last fall with state attorneys general to make up to $150 million of relief available to certain borrowers who experienced a foreclosure, short sale or deed-in-lieu of foreclosure after [...]

The agency is at the heart of President Obama’s efforts to overhaul the financial system, but Miller, Frank and other congressional backers are locked in battle with Republicans and financial industry groups. Opponents say the agency’s proposed powers would hurt [...]

LA TIMES – Los Angeles County has the highest number of troubled hotels: 27, including the 469-room Marriott in downtown L.A., according to a new Atlas report. With the trend expected to continue throughout 2009, as many as 500 properties [...]

Looks like we have another loan modification scam to report. The company, Nations Housing Modification Center (NHMC), Glenn Rosofsky and Bryan Rosenberg were investigated by ABC News and I applaud them for shining the lights on these mortgage roaches in [...]

A servicer from Wells Fargo offers Macintosh a three month moratorium on her house payment. GLADYS MACINTOSH: At the end of that 90 days, then, I would owe 2100 dollars?  So, what are you really doing for me?  That’s not [...]

This story is a classic example of human creativity in the face of adversity. We all must use our minds and work towards real solutions to get out of our problems. Maybe this story of a woman who receives more [...]