Loan Servicers Still Have Too Many Incentives to Foreclose

“Just follow the money,” said Deep Throat in the movie All the President’s Men. This simple, easy to understand advice is applicable across so many issues, including mortgage loan servicing. If the money were there, loan servicers would find a way to modify loans and prevent foreclosure. Instead, servicers cite lack of authority, complexity, program [...]

Foreclosures in Texas – Options and Answers for Homeowners

 1. WHAT ARE MY CHOICES IF I’M FACING FORECLOSURE IN TEXAS? 2. WHAT MUST A LENDER DO TO FORECLOSE ON MY HOME? 3. AM I PROTECTED IF I REFUSE TO CLAIM THE CERTIFIED MAIL NOTICES THAT THE LENDER SENDS TO ME? 4. WHAT WILL THE NOTICE OF SALE FROM THE LENDER TELL ME? 5. I [...]

Texas AG Speaks Up For Non-Judicial Foreclosure States – Moratorium on Sales and Evictions

After GMAC, Ally, JPMorgan Chase, and Bank of America publicly admit they have a credibility gap (to put it nicely), they only agreed to stop foreclosures in the minority of states where foreclosures require judicial approval.  As long as they can hide their problems, they don’t exist?  More like they don’t think their massive document [...]

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