Truth in Foreclosure

HAMP Trial Plan Fraud: What Can You Do?

Have you been offered a trial plan from your lender through HAMP? Did you complete all your trial plan payments but now your lender isn’t doing what you thought they agreed to do? What options do you have? Can you make them perform?

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Produce the Note Campaign Produces Uncertainty for You

There’s been a lot of reports in the news and on foreclosure websites about the Produce the Note campaign. There havve been a few landmark cases where homeowners have been able to get their homes awarded to them by the court (and the mortgage nullified) because their lender couldn’t produce the actual deed of trust promissory note that proved they owned the mortgage. According to the OptionARM Lawyer Blog, there was a recent California court ruling on a case where the homeowner’s sole defense was that the lender couldn’t produce the note. Here’s a synopsis of what happened.

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Continuing the Predatory Lending Fight

NACA’s campaign against Fleet focused national attention to the issue of predatory lending. NACA brought over 400 people to testify in front of the Senate banking committee and has been able to get banks such as Wells Fargo to reduce the customer payoffs by up to $20,000 because of Truth in Lending Violations...find out more at the site...

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HOPE for Homeowners Changes

On May 20, 2009, President Obama signed Senate bill 896 into law. It has many provisions meant to help stem foreclosures and deal with several problems that have developed since the HOPE for Homeowners, Home Affordable Refinances, and Home Affordable Modifications have been implemented. Your new H4H mortgage will be no more than 90% of the new appraised value of your home with the lender essentially writing down your current mortgage to that amount. Yes...this is one of the few programs that actually allows principal forgiveness.

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Obama Foreclosure Relief Plan Details

I'm still trying to make it through the 50+ pages of documents below to find the most valuable tidbits for you, but I wanted to post these links so you can begin your own research. I'll post more this afternoon...

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Heading for Foreclosure?

Have you had a hard time trying to keep your head above water? Perhaps you have been slipping on your mortgage payments. Have you been getting telephone calls from your lenders asking you to call them? If you think your home is headed for the foreclosure list, here are a few things you will want to do.

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State Law Summary

The following summaries give some information on individual state foreclosure laws. Timelines will vary depending on specific circumstances and each situation. The timelines noted within are based on uncontested actions and assume no delays. They give the time for the sale, then the running totals for various procedures, until the end, when the longest time [...]

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