Foreclosure Crisis Profiteers: Feasting on Fear!
(Part 1 of 3)
Losing a home to foreclosure is most often viewed, by those standing safely outside the transaction, as an economic event. And that is certainly true.
However, for those living under the threat of losing their home, the experience is much more personal.
The thought that one’s home might be involuntarily . . . → Read More: Keep Your Home California Blog Posts: Foreclosure Crisis Profiteers: Feasting on Fear!
Foreclosure Avoidance Counseling
HUD-approved housing counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure. As part of President Obama’s comprehensive Homeowner Affordability and Stability Plan (HASP), you may be eligible for a special Making Home Affordable loan modification or refinance, to reduce your monthly payments and help you keep . . . → Read More: Foreclosure Avoidance Counseling – HUD-Approved and Free (no need to pay for these services)
Hardship & Foreclosure Assistance
Are you experiencing financial hardship and having difficulties making your mortgage payment? Visit CalHFA’s Hardship Assistance Page to view options available to you.
Keep Your Home California programs are designed for homeowners who are struggling to pay their mortgages.
The Home Affordable Refinance Program (HARP) is available on loans owned by Fannie Mae and Freddie . . . → Read More: Hardship & Foreclosure Assistance
Advertising Reminds Eligible Borrowers of December 31, 2012 Deadline to Request Free, Impartial Foreclosure Review
Advertising and other outreach efforts are kicking off around the country to remind eligible borrowers of the December 31 deadline to request a free, impartial review through the Independent Foreclosure Review.
Print, radio, television, and online advertising will target the communities hardest hit . . . → Read More: Advertising Reminds Eligible Borrowers of December 31, 2012 Deadline to Request Free, Impartial Foreclosure Review
Independent Foreclosure Review Audioconference
Join a Connecting Communities® audioconference on Tuesday, October 16 from 3:00-4:00pm Eastern to learn more about the Independent Foreclosure Review (IFR) process and how to spread the word to potentially eligible borrowers.
Thousands of current or former homeowners that were in foreclosure in 2009 or 2010 may be eligible for compensation . . . → Read More: Independent Foreclosure Review Audioconference
From the CFPB
Foreclosure help is free, and scams are expensive
If you’re having trouble paying your mortgage, we can help you get connected to a HUD-approved housing counselor at no cost to you. The counselor can help you work with your servicer or lender to try to avoid foreclosure, organize your finances, understand your mortgage options, and . . . → Read More: Foreclosure Help is Free, and Scams are Expensive
Independent Foreclosure Review
The Federal Reserve recently released a video on the Independent Foreclosure Review. The video aims to help borrowers who believe they were financially harmed during foreclosure processes between 2009 and 2010.
Many borrowers across the country have gone through foreclosure in recent years. Sometimes consumers went through the process with unanswered questions and concerns about . . . → Read More: Video: Independent Foreclosure Review
Deadline to Request Review Under the Independent Foreclosure Review Extended to July 31
Federal regulators today announced that people seeking a review of their mortgage foreclosures under the federal banking agencies’ Independent Foreclosure Review now have until July 31, 2012, to submit their requests.
The Office of the Comptroller of the Currency (OCC) and the Board of Governors . . . → Read More: Deadline to Request Review Under the Independent Foreclosure Review Extended to July 31
Independent Foreclosure Review
Looking for information about the Independent Foreclosure Review?
Eligible customers were mailed letters in December (by December 31, 2011) that explained the Independent Foreclosure Review process and a Request for Review Form that identifies some examples of situations that may have led to financial injury. The form must be completed and postmarked no later than April 30, . . . → Read More: Independent Foreclosure Review – Forms are due by April 30
Independent Foreclosure Review Underway
Federal bank regulators announced that the independent foreclosure review required under enforcement actions taken in April 2011 by the Office of the Comptroller of the Currency, Federal Reserve, and Office of Thrift Supervision) is now underway. Fourteen large mortgage servicers were required to correct deficiencies in their servicing and foreclosure processes and to engage independent . . . → Read More: Federal Bank Regulators Announce Independent Foreclosure Review Underway