
Bankruptcy | Foreclosure | Credit Repair
Orlando Home Foreclosure Attorney
Weighing the impact of bankruptcy on your life: An overview
Tweet Are you contemplating filing bankruptcy to discharge your unsecured debts? If so, you need to acquire information on positive as well as negative side effects of bankruptcy, before filing petition with the court. Filing bankruptcy is considered to be an important financial step and it can affect different aspect of your life. Well, you...
- September 16 Monday, 2013
- By Administrator
- In Bankruptcy
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Strong Enforcement Mechanism | National Mortgage Settlement
Tweet The success of a number of well-intentioned programs has been stalled by voluntary servicer participation and a lack of compliance oversight. The five national banks party to the settlement will be required to report compliance to an independent, outside monitor that reports to state attorneys general on a regular basis. State attorneys general and...
- April 13 Friday, 2012
- By Administrator
- In Foreclosure
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Establishment of Loan Portal | National Mortgage Settlement
Tweet Processes have improved recently, but many members still report that lost documents requiring multiple submissions continue to cause delays. The five major servicers have agreed to consolidate information for borrowers by creating online loan portals that will provide borrows with access to information, eligibility factors for loss mitigation programs and inform borrowers of missing...
- April 09 Monday, 2012
- By Administrator
- In Uncategorized
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Single Point of Contact | National Mortgage Settlement
Tweet The National Association of Realtors has long asked of servicers to establish a single point of contact for borrowers. This provision of the settlement will not only aid in maintaining consistency and coordination of loss mitigation options, but will also reduce the amount of time spent by agents and brokers discussing individual short sale...
- April 05 Thursday, 2012
- By Administrator
- In Uncategorized
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No Dual Tracking | National Mortgage Settlement
Tweet In agreement with the National Mortgage Settlement, the five major loan servicers can no longer be able to proceed with a foreclosure sale if a short sale or deed-in-lieu of foreclosure has been approved by all parties (first lien investor, junior lien holder, mortgage insurer) and proof of funds or financing has been provided...
- April 03 Tuesday, 2012
- By Administrator
- In Foreclosure
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