The premise of the lawsuit is that Bank of America accepted federal money and is bound to provide HAMP loan modifications to qualified borrowers. However, as shocking as this will be to no one, Bank of America, according to the lawsuit, is not providing borrowers with these modifications or is providing temporary modifications and not making them permanent.
Category Archives: TILA
Foreclosures Not Over Yet – 5 to 7 Million Homes Nationwide Still At Risk
Foreclosures Not Over Yet – 5 to 7 Million Homes Nationwide Still At Risk – The crux of the story was that despite the fact that Banks had not repossessed as many homes in February there were still more homeowners falling behind on their payments. If you leave your house every morning to go to work, this should not come as a surprise to you. People who are in foreclosure or potentially facing foreclosure need to be proactive!
New Report Out that Foreclosures Surged in September in Miami-Dade County
According to an article appearing today in the Miami Herald, Foreclosures in Miami-Dade County, Florida surged in September 94% when compared to last year! Over 5,721 homeowners in Miami-Dade County received notice that their lenders intended to foreclose on them. What many of these homeowners don’t realize is that they may have defenses to their lender’s foreclosure action. Matthew Mazur, P.A. helps families throughout Miami-Dade County defend their homes against foreclosure actions.