Mortgage Relief Project

Reverse Mortgage Foreclosures On The Rise, Seniors Targeted For Scams

Posted on June 26, 2012 by project

Reverse mortgages, a lifeline for seniors struggling to pay bills in allowing them to turn home equity into cash, are entering into foreclosure at an “alarming” rate, Consumer Financial Protection Bureau Director Richard Cordray said Wednesday. One out of every … Continue reading →

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Principal Reduction Most Effective Type of Mod: Amherst

Posted on June 26, 2012 by project

June 26, 2012 Amherst Securities recently released a report declaring that principal reduction modifications, without question, are the most effective form of modification. Between three types of modifications – principal, rate, and capitalization – the controversial and much-debated principal reduction … Continue reading →

Homeowners Consumer Center Now Urges Homeowners In All US States Needing a Loan Modification Or Mortgage Workout To Call The Ludt Law Firm-For A Vital Service & Real Help

Posted on June 26, 2012 by project

The Homeowners Consumer Center has endorsed the Ludt law firm for any US homeowner seeking assistance with a loan modification, mortgage workout, foreclosure defense, pre-foreclosure related issues, or mortgage servicing problems, and the group considers the endorsement a big deal … Continue reading →

Mortgage Modification Defaults Occur For 6 In 10 Borrowers, Study Says

Posted on June 22, 2012 by project

For many homeowners that have fallen behind on their mortgages, a loan modification doesn’t prove to be a cure-all. Six in 10 delinquent homeowners that recently received mortgage modifications defaulted again within 18 months, according to a new study by … Continue reading →

Six in 10 Homeowners With Loan Mods Default Within 18 Months

Posted on June 21, 2012 by project

American Banker June 21, 2012 Six out of 10 homeowners who received a loan modification stopped paying their mortgage again after 18 months, but there may be a modest silver lining buried in the high recidivism rates. A study by … Continue reading →

Excerpts from the Mortgage Forgiveness Debt Relief Act and Debt Cancellation :

Posted on June 18, 2012 by project

Source www.irs.gov. Is Cancellation of Debt income always taxable? Not always. There are some exceptions. The most common situations when cancellation of debt income is not taxable involve: Qualified principal residence indebtedness: This is the exception created by the Mortgage … Continue reading →

7 Advantages of Using a Law Firm for Mortgage Mitigation

Posted on June 14, 2012 by project

These days, distressed homeowners are flooded with information regarding available mortgage relief asistance. Having been in the trenches and witnessed the formation of the mortgage crisis and the subsequent battle over correcting it, WE STRONGLY RECOMMEND THAT YOU HIRE A … Continue reading →

Approved Bills Provide Greater Protection For California Homeowners

Posted on June 6, 2012 by project

June 6, 2012 The California Legislature approved two bills that would help tenants who are on the verge of having their home foreclosed upon remain in the property for a longer period of time. Assembly Bill 2610, sponsored by Nancy … Continue reading →

CFPB’s “Notice of Reasonable Cause”

Posted on June 5, 2012 by project

June 5th, 2012 by LENDERS COMPLIANCE GROUP On May 25, 2012, the Consumer Financial Protection Bureau (Bureau) issued a Proposed Rule (Rule) which, if adopted, would govern the process by which a “nonbank covered person” may become subject to the … Continue reading →

Twice As Americans Could Be Declaring Bankruptcy If Not For Bush’s 2005 Reform

Posted on June 4, 2012 by project

Gus Lubin | Jun. 4, 2012, The personal bankruptcy rate could be twice as high if not for George W. Bush’s 2005 reform, according to NY Fed economist Donald P. Morgan. Morgan calculates that coming out of a recession the … Continue reading →

Mortgage Relief Project

America's Foreclosure Defense Resource (877) 297-1177

Monthly Archives: June 2012

Reverse Mortgage Foreclosures On The Rise, Seniors Targeted For Scams

Don't miss these

Principal Reduction Most Effective Type of Mod: Amherst

Homeowners Consumer Center Now Urges Homeowners In All US States Needing a Loan Modification Or Mortgage Workout To Call The Ludt Law Firm-For A Vital Service & Real Help

Mortgage Modification Defaults Occur For 6 In 10 Borrowers, Study Says

Six in 10 Homeowners With Loan Mods Default Within 18 Months

Excerpts from the Mortgage Forgiveness Debt Relief Act and Debt Cancellation :

7 Advantages of Using a Law Firm for Mortgage Mitigation

Approved Bills Provide Greater Protection For California Homeowners

CFPB’s “Notice of Reasonable Cause”

Twice As Americans Could Be Declaring Bankruptcy If Not For Bush’s 2005 Reform

June 2012
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