Archive for Stop Foreclosure
You are browsing the archives of Stop Foreclosure.
You are browsing the archives of Stop Foreclosure.
By Moe Bedard
The foreclosure process moves fast and in order to make it through this unforgiving time frame, you need to have a plan. The basic “mental foundation” for anyone in this situation is to “hope” for the best and plan for the worst because there are NO guarantees or rhyme or reason when attempting [...]
Popularity: 2% [?]
Obama wants the government to step in to help homeowners facing foreclosure. McCain has gradually broadened his position to support government intervention, but wants stricter requirements for borrowers seeking aid.
Obama’s plan to fight foreclosures:
Give homeowners the chance to have their loan modified, provided they meet certain criteria.
Popularity: 5% [?]
Popularity: 5% [?]
What? You are not late? NO loan modification for you. To the end of the line. Next!
That is the usual lip service borrowers receive when they reach out to their servicers when they are not yet late on their mortgage payment. Many reach out because they know they will soon be in very deep trouble and [...]
Popularity: 8% [?]
This is a great story of man that is truly using his power and the law to help people. Sometimes you have to “not” uphold the law to make a difference in the world. This is when people come first and the law second.
Especially when it involves kicking people out of their homes.
(Hat tip to [...]
Popularity: 7% [?]
The chairman of the House Financial Services Committee called on lenders to stop filing foreclosures until a new foreclosure-prevention program takes effect.
On Wednesday, Rep. Barney Frank (D-Mass.) had called on lenders to make immediate use of the program, which is included in a massive housing package that passed the House this week and is [...]
Popularity: 9% [?]
Get your gloves on and start training for the fight of your life because foreclosure defense is going to be no easy battle. Make no bones about it, you are definitely fighting against one of the toughest and most powerful opponents in the world.
The banks!
Popularity: 17% [?]
Popularity: 17% [?]
By Frank D. Russo
Legislation that would reform the foreclosure process in California for the benefit of homeowners trying to hold on to their homes passed the Assembly today on a 55 to 18 vote, just one vote above the two-thirds majority it required. Ten Republican Assemblymembers joined 45 of the 48 Democrats in voting for [...]
Popularity: 8% [?]
Submitted by an American Homeowner:
The most crushing thing to me has been the judgement. Every single situation has a story behind it and they are NOT all bad.
Who is the “real” enemy here? Those who were spoon fed the American Dream and wanted a *home*? Who had poor education and were guilty of trusting their [...]
Popularity: 6% [?]
The candidates have been scurrying to obtain support from the American consumer. AKA, The American worker, blue collar folks or Homeowner Joe.
In their attempts to connect, are they just showing how disconnected they really are?
The guy suffering in the street is someone that all presidential candidates are out of touch with. How can any of the candidates [...]
Popularity: 6% [?]
Loan modification story submitted by Momof3boys
Yup, you read that correctly!!!!! WE GOT A MODIFICATION!!!!!!!!!!
Home Eq called us today with an offer we COULDN’T refuse!!!!!!!!! Our initial starter rate was 9.95% going up next month….Well, they called tonight and gave us 8% fixed for 5 years!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!! WOW!!!!!!!!!
Popularity: 25% [?]
Popularity: 25% [?]
Question to Moe from a reader and Countrywide borrower, Melena
Several years ago when I worked for a local builder, Countrywide was one of our preferred lenders. They seemed to have a strong customer service base but is apparent that has changed. Why? Did they grow too fast? New management perhaps? Why don’t they seem to [...]
Popularity: 1% [?]
Please join our one of a kind homeowner’s forum to help you stop foreclosure and where you can ask questions and get answers in this unique and interactive community. This forum was created to assist people in an anonymous, yet open question format. Meet other homeowners that are trying to get a loan modification and are going through [...]
Popularity: 6% [?]
By Poppy (36 year mortgage industry veteran & senior underwriter)
This is a challenging and open statement to those of you in the Servicing game, Modification, Short Sale, Deed in Lieu, Collections, better known as the Work Out phase of our industry.
This is where I started in this industry in 1972, at a little tiny, itsy bitsy [...]
Popularity: 5% [?]
“This is deadly serious,” Sheila Bair said in a speech Downtown. “Foreclosures are too high in Pittsburgh and around the country.”
The FDIC chairman seems to speaking out more and more in regards to the efforts of lenders and servicers to perform loan workouts and loan modifications. Bair spoke at a downtown Pittsburg, Pa. to more [...]
Popularity: 10% [?]
Outlines Visions For Tackling America’s Immediate And Long-Term Economic Challenges
Just days before the State of the Union Address, Hillary Clinton urged the current administration to take immediate action to jumpstart the ailing economy. She outlined the solutions that can be taken now to fix the mortgage crisis and get more money in the pockets of [...]
Popularity: 25% [?]
By JacMac - Homeowner & Single Mother from New York
See her actual Loan Modification Paperwork From Countrywide Here. An incredible 5.25% 4o Year Fixed Mortgage! You don’t get to see an actual loan modifcation document often and I wanted homeowners to see for their own eyes.
JacMac - “I did not have the horrible experience that others unfortunately [...]
Popularity: 5% [?]
By Poppy (30 year mortgage industry veteran and senior underwriter)
Well, my hat is off to you citizens of America, you have not disappointed me once again. Just about everyone that responds to the articles in the Newspapers and Media that report on this now widening foreclosure debacle, has in their infinite wisdom, deemed that the distressed [...]
Popularity: 1% [?]
Countrywide loan modification.
People think that I enjoy reporting doom and gloom. Some people out there in the bogsphere think that I get my thrills by bashing Angelo Mozilo and Countrywide. One person has went so far to say this about my blog, “He also pointed to me to what may be the most anti-Countrywide blog out there.” Thanks Jane [...]
Popularity: 44% [?]
Baltimore’s mayor and City Council are suing Wells Fargo Bank, contending that its lending practices discriminated against black borrowers and led to a wave of foreclosures that has reduced city tax revenues and increased its costs.
The recent surge in homeowner defaults nationwide, generated by lax lending practices during the real estate boom, has officials bracing [...]
Popularity: 1% [?]
By Moe Bedard
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 a peep, answer or simple appearance from the defendant (homeowner). 120-180 days later, the trustee sale happens on the court steps and [...]
Popularity: 36% [?]
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 other homeowners that are going through the same thing and get the help you need [...]
Popularity: 11% [?]
Safe Loan Modification Service
888-432-6634
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Law Office of Gregory A. Paiva & Associates