If you're struggling to make your monthly mortgage payment, Fannie Mae and Freddie Mac have a new loan modification program so your home stays out of foreclosure – and you stay put. The program, called Flex Modification, goes into effect Oct. 1, 2017. Foreclosure News
Things are better now, and I am back at work, but my home is heading to foreclosure. I heard that loan modifications are no longer available. Foreclosure News
Mortgage Modification Fair on Saturday, September 24th from 8:00 a.m.-3:00 p.m. at the Cradle of Aviation Museum. Opportunities to meet with lenders, attorneys and counselors and learn how to take advantage of soon-to-expire federal programs that help homeowners avoid foreclosure. Foreclosure News
A California man that operated as a high-level sales executive for a fraudulent residential mortgage-loan modification scheme will now spend several years in jail. From 2009 to 2016, Mehdi Moarefian acted as a senior sales manager for a series of California-based companies that purported to help struggling homeowners under names such as “Hardship Solutions,” “First […]
On YouTube the 44-year-old Coto de Caza man says he can help homeowners in danger of losing their homes. “If you're in need of foreclosure proceedings to be stopped, payments to be more affordable, and interest-rate reductions to be done, I'm your man,” he says. Foreclosure News
The Federal Trade Commission has obtained a court order barring the owners of several Florida companies that operated under the guise of being law firms from offering mortgage loan modification and debt relief services. The ban signed by U.S. District Court Judge Marcia Morales Howard resolves Federal Trade Commission charges that the three men – […]
The Department of Justice announced that a former California licensed attorney pleaded guilty in U.S. District Court in Santa Ana, California, for his role in a multi-million dollar fraudulent mortgage modification scheme. Ronald Rodis, 51, of Irvine, California, pleaded guilty before U.S. District Court Judge David O. Carter for the Central District of California to […]
Ligia Sandoval Spafford , 48, of Roseville, was sentenced Thursday by U.S. District Judge Troy L. Nunley to two years and three months in prison for a scheme to defraud distressed homeowners, United States Attorney Benjamin B. Wagner announced. Sandoval was ordered to self-surrender on June 9, 2016. Foreclosure News
Five men pleaded guilty to their roles in the nationwide home loan modification scam that defrauded over 400 homeowners more than $ 3.8 million, according to the office of the Special Inspector General for the Troubled Asset Relief Program. 38-year-old Roscoe Umali, 34-year-old Jefferson Maniscan, 47-year-old Raymund Dacanay, 33-year-old Isaac Perez and 36-year-old Joshua Johnson, […]
This week, the Florida Fourth District Court of Appeals held that Florida’s Statute of Frauds precludes oral modification of a mortgage and that the judicial doctrine of promissory estoppel may not be used to circumvent the application of the Statute of Frauds. In Ocwen Loan Servicing, LLC v. Foreclosure News