There have been and continue to be a series of mistakes made by banks on the course of their efforts to foreclose on properties. Some of these mistakes continue to take place, as set forth in a recent article. In some cases, this situation can present itself with opportunities for borrowers to try to negotiate a deal with a lender. But this area of the law, having its roots in old established case law, is too complicated for a non-lawyer to consider self-help remedies.
Knowledge is power. If you need help, contact us.
The Federal Reserve has announced that the economy has slowed during the first half of 2012, but it is taking no action to stimulate the economy anyway, according to a recent report. This could be interpreted in so many ways, but still not good news overall.
Knowledge is power. Contact us if you have any questions.
As shown in a recent article, certain mortgage debt held by Fannie Mae or Freddie Mac will not receive the benefit of principal reductions in getting relief to make their mortgages more affordable. This does not apply to everyone – just those whose mortgages are held by Fannie Mae and Freddie Mac. Also, this does not prevent people from being creative in trying to make mortgages more affordable for people in trouble, but it certainly doesn’t help.
Knowledge is power. Contact us for information if you need help or if you think that you might need help.