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Loan Modifications

Could The Fair Housing Act Keep You in Your Home?

Richard Zombeck | Posted 01.23.2014 | Business
Richard Zombeck

When foreclosure actions due to predatory lending are fought from a Civil Rights perspective, the rights and interests of the homeowner who was wronged becomes the focus. It's about fairness and an even playing field. That's all anyone ever wanted.

Shahien Nasiripour

Obama's HAMP Initiative Struggling To Help Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 07.24.2013 | Politics

A government auditor has warned that the U.S. Treasury Department doesn’t understand why distressed homeowners are re-defaulting at an “alarming...

FHFA Offers New Simplified Loan Modification

Anna Cuevas | Posted 07.06.2013 | Business
Anna Cuevas

Making it easier for homeowners to reduce their monthly mortgage payment and keep their homes is always favorable; however, providing homeowners with an incentive to fall behind on their payments could be an unfavorable strategy for both taxpayers and homeowners.

'I Cannot Afford The Inflated Mortgage I've Been Forced Into'

Home Defenders League | Posted 03.12.2013 | Business
Home Defenders League

For the next several weeks, HuffPost will be cross-posting "Foreclosure Horror Stories" from the Home Defenders League's "100 Stories Of What Wall Str...

'If I Did That To Anyone Else, I'd Be In Jail'

Home Defenders League | Posted 02.22.2013 | Business
Home Defenders League

For the next several weeks, HuffPost will be cross-posting "Foreclosure Horror Stories" from the Home Defenders League's "100 Stories Of What Wall Str...

Qualified Mortgages From the CFPB: Buyer Beware!

D. Sidney Potter | Posted 02.04.2013 | Business
D. Sidney Potter

Misrepresenting oneself to oneself has to be the lowest form of self-flattery. Not only does it breach the mother of all truism -- "know thyself" (wri...

California State Bar May Just be Lazy

Richard Zombeck | Posted 03.24.2013 | Business
Richard Zombeck

Since 2009, the California State Bar has inexplicably taken two fundamentally opposing positions regarding fees for pre-negotiation services which are necessary for a successful loan modification.

Mortgage Debt Relief Act Receives Much-Needed Extension

Anna Cuevas | Posted 03.12.2013 | Business
Anna Cuevas

Struggling homeowners can breathe a sigh of relief knowing that Congress has included an extension of Mortgage Forgiveness Debt Relief Act in an eleventh hour bill to avoid a possible fiscal cliff crisis.

The New Year Brings New Protections for California Homeowners

Anna Cuevas | Posted 02.05.2013 | Business
Anna Cuevas

According to Governor Brown, homeowners have suffered from abusive tactics. While acting in good faith, these homeowners are endeavoring to save their homes, while their lenders have not been transparent or committed to working with them.

Mortgage Servicing: Don't Fall Through The Cracks

Anna Cuevas | Posted 11.06.2012 | Money
Anna Cuevas

If you communicate with your mortgage servicer in writing and do not receive an adequate response, you should notify your local or state consumer protection office.

The Blame Game: Treasury Department Blames Banks for Little Foreclosure Progress

Anna Cuevas | Posted 10.27.2012 | Money
Anna Cuevas

They face ongoing frustration in dealing with servicers while they implement their programs, time delays, lost paperwork, and stress. Add to that a lack of accountability on behalf of the banks and faulty practices like robo-signing, and homeowners are vulnerable to mistakes and wrongful practices.

California Cities Rank Highest in Foreclosures

Anna Cuevas | Posted 10.21.2012 | Business
Anna Cuevas

July foreclosure data reveals that California ranks highest in foreclosure in the nation. Government officials are currently proposing legislation offer alternatives to avoid foreclosure, like loan modifications and principal reductions, to homeowners.

Peter S. Goodman

Homeowner Hell Continues: Mortgage Companies Fail To Abide Foreclosure Settlement

HuffingtonPost.com | Peter S. Goodman | Posted 10.25.2012 | Business

NEW YORK -- Katie Diaz arrives at the Bronx County Courthouse hoping for clarity, if not a reprieve from the foreclosure case threatening her home. Fi...

Foreclosure Related Suicide on the Rise

Anna Cuevas | Posted 09.16.2012 | Money
Anna Cuevas

Recent research concludes that there is a link between foreclosure rates and mental and physical health problems, as well as suicide attempts.

Can Mortgage Servicers Play by the Rules?

Anna Cuevas | Posted 09.08.2012 | Money
Anna Cuevas

The premise of these rules evolves around two principles -- protecting homeowners from surprise costs and preventing them from getting the runaround from their services.

California Fights Back: National Bank Settlement to Become Law

Anna Cuevas | Posted 09.04.2012 | Business
Anna Cuevas

If the governor signs the bill, it will go into effect on Jan. 1, 2013. It is expected that some banks will begin to implement the changes caused by the legislation prior to that time. Be your own best advocate in the fight to save your home from foreclosure, get the facts, and stay one step ahead.

Independent Foreclosure Review Coming to a Close

Anna Cuevas | Posted 08.28.2012 | Money
Anna Cuevas

Homeowners seeking a review on whether they have been unfairly foreclosed have been granted an extension, but the deadline is almost here.

BofA Tried To Screw Over Homeowner, Is Terrible, Says NJ Court

The Huffington Post | Alexander Eichler | Posted 06.25.2012 | Business

In 2009, Bank of America threw a lifeline to Sylvia Ficco, a struggling New Jersey homeowner who'd recently defaulted on a $591,000 home loan. Come jo...

Loan Mods Aren't A Cure-All For Delinquent Homeowners

The Huffington Post | Bonnie Kavoussi | Posted 06.22.2012 | Money

For many homeowners that have fallen behind on their mortgages, a loan modification doesn't prove to be a cure-all. Six in 10 delinquent homeowner...

NOBAR: Could It End the Credit Gap and Get Banks Lending Again?

Adam Levin | Posted 06.22.2012 | Money
Adam Levin

I propose the creation of a new banking industry initiative called NOBAR (Nonstandard Borrowers Alternative Resource). Its mission is to help responsible individuals with bad credit scores -- where reasonable and appropriate -- secure a new mortgage or refi.

Matt Sledge

Occupy Activist Son Helps Save Family Home From Foreclosure

HuffingtonPost.com | Matt Sledge | Posted 06.13.2012 | Business

A homeowner in Minneapolis who teamed up with her Occupy Our Homes activist son has succeeded in winning a loan modification from CitiMortgage. Col...

HAMP TIER 2 Mortgage Loan Modifications in a Nutshell

Anna Cuevas | Posted 06.08.2012 | Money
Anna Cuevas

Through recent revisions, the government hopes that its program will provide relief to more homeowners and make a bigger impact on the housing market by enabling more homeowners to prevent foreclosure.

6 Steps to Stabilize High-Foreclosure Neighborhoods

Miriam Axel-Lute | Posted 08.01.2012 | Money
Miriam Axel-Lute

These steps are just a start, but the lessons from the financial crisis are clear as day. Will we learn from them, and let government do what we created it to do, or will we tumble back into the mess that got us here in the first place?

Keep Your Home, California!

Anna Cuevas | Posted 07.10.2012 | Business
Anna Cuevas

According to the U.S. Treasury Department, California has been one of the hardest hit among state foreclosure rates. That standing made the state elig...

200,000 Homeowners to Receive Principal Reduction Offer From Bank of America

Anna Cuevas | Posted 05.09.2012 | Money
Anna Cuevas

As part of a $25 billion settlement agreement between the government and five major banks for fraudulent foreclosures, Bank of America agreed to $11 billion in mortgage principal reductions.