A lot of homeowners face foreclosure. The overwhelming majority of them haven’t been making their house payments.
This simple truth has been obscured by the foreclosure paperwork scandal.
In 23 states, foreclosures must be accomplished through the court system. (In the other states, lenders handle foreclosures administratively, although homeowners can choose to defend themselves in court.)
Lenders are [...]
Posts Tagged ‘consumer advocates’
The overblown menace of robosigners
December 9th, 2010 by Financial Writer
Tags: au, bank, bank of america, consumer, consumer advocates, Debt, debts, foreclosure, foreclosures, homeowners, job, lender, lenders, mortgage, new york, owners, president, us
more...Foreclosure relief program riddled with flaws
January 26th, 2010 by Financial Writer
Millions of Americans who are struggling to save their homes from foreclosure are trapped in a labyrinth of disappointment and misinformation created by the very institutions they’ve been told are trying to help them.
Ten months into the government’s third program in two years to stop a record wave of foreclosures, homeowners, housing counselors, consumer advocates [...]
Tags: consumer advocates, economic recovery, foreclosure, homeowners, housing counselors, lenders