filing a foreclosure on them. That’s right, with over 25 years of equity in their home, their greedy mortgage company couldn’t wait to foreclose on them and sell the property for top dollar. Bank of America tries to foreclose on a home paid for in cash, with NO mortgage on it: A local news agency in Florida reported on this
From The Florida Bar’s recent quarterly gossip. american home mortgage servicing issued what some might describe as a six-page ‘not guilty’ plea in connection with questions it was presented by "CBS’ 60 Minutes" prior to the latter. The Home Equity Theft Reporter. Equitable Mortgage Posts.
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Predatory lending respa tila Foreclosure Lender Liability loan modification. Developing within these conceptual cracks in the nation’s consumer protection edifice, securitization has allowed much of the subprime mortgage market to evolve unconfined by many of the substantive standards in consumer protection law.
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Last week’s highlights included a quarter point Fed rate cut, which brings the fed funds rate down to 4.5%. The Prime Rate now stands at 7.5%, which is good news for home equity lines, consumer and business loans. Additionally, those who have adjustable type loans should see some benefit.
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