Browsing Archive: July, 2011

Countrywide California Attorney General Settlement - BEWARE of CW Cancelling Loan Modifications WITHOUT Notice

Posted by MortgageFraudNC . on Sunday, July 10, 2011,

 Bank of America/CountryWide employees have stated that MOST if not ALL 'AG mods' are canceled after the NOTARIZED FINAL mod contract package has been returned in compliance with the instructions.

BEWARE: You will NOT be told of the 'cancellation' until it suits CW/BofA. So far, as much as a 7 month delay from the date the contract was to take effect until the borrower was 'told' has been reported, meaning that 6 months of payments were 'accepted' per that 'agreement'. Some of the 'Marc...
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Even After Mortgage Modification, Shoddy Bank Practices Hurt Homeowners

Posted by MortgageFraudNC . on Saturday, July 9, 2011,
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A foreclosure sign hangs in front of a home in Richmond, Calif. Many homeowners who have been granted a loan modification to avoid foreclosure find their mortgage company eff...


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Banks Will Be Sued If Foreclosure Practices Talks Collapse, Two States Say

Posted by MortgageFraudNC . on Saturday, July 9, 2011,

Banks negotiating with state attorneys general over foreclosure practices would be sued if a settlement isn’t reached, two of the state officials leading the talks said.

Illinois Attorney General Lisa Madigan and North Carolina Attorney General Roy Cooper threatened litigation if settlement talks with largest mortgage servicers, including Bank of America Corp. (BAC) and JPMorgan Chase & Co. (JPM), break down. The deadline for an agreement has been pushed back a month, according to a person...


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