Today’s Foreclosure NewsUpdate: Renters in Florida face the same plight. Article here. Update: Fannie, Freddie and Task Forces around the country are ignoring the new tenant law as well (article here). ———— It should come as no surprise that the industry who created and pushed complex and risky loan products to American homeowners have even less regard for tenants who [...]
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In a recent decision, the Honorable Jeff Bohm of the United States Bankruptcy Court of the Southern District of Texas got right to the point: Hard times generate scam artists. Particularly with respect to homesteads, these unscrupulous individuals prey upon the homeowners’ fears of losing their major asset: the house which gives shelter to their [...]
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Update: 3/4/10: HAMP is truly a failure after one year; moreover, lenders use its process to distract homeowners while they foreclose as fast as they can. Article here. ——Original Post—— Five months ago, the Obama Administration released a program that was supposed to reach up to 3 to 4 million at-risk homeowners by providing mortgage [...]
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