There are 1 blog entries for January 2009.
Sunday, January 25th, 2009 at 3:31pm. 3,105 Views, 0 Comments.
Are Mortgage Loan Modifications Working?
Loan mortgage modifications have recently emerged as a popular solution to the subprime lending crisis for distressed homeowners with subprime or variable interest rate loans who are in default on their mortgage payments, facing foreclosure and want to keep their homes. Everyone is talking about mortgage modifications. I see ads on television all the time from law firms and others who are pitching mortgage modifications.
Governor Crist passed Anti-Fraud Legislation on May 28, 2008, and enacted into Florida law effective October 1, 2008, entitled Statute 501.1377 (HB 643/SB 992), protecting consumers against unscrupulous companies trying to charge consumers upfront fees to do…