WHO’S YOUR LENDER?. Real estate attorneys tell us this means that the debt has been satisfied, but the lien has not been extinguished. So, you could challenge the current mortgage and file a claim in state court arguing that the current mortgage is no longer in first position.. It’s taken a year, but now he’s fully up to speed.
Colony American Finance expands, names Ryan McBride COO FHA continues to lean on Treasury There are sometimes legal issues that arise as a result of applying for an fha refinance loan. Those issues give way to frequently asked questions and in many cases the best advice is to seek legal advice for a lawyer and avoid taking legal guidance or tips from a non-lawyer.Adding the 7-year option will enable us to fully address the needs of investors who may have been considering a GSE loan and are looking for a comparable alternative," relayed Ryan McBride, COO of.Feds should do more to help underwater borrowers: Moody’s My bill invests $2 billion to support underwater borrowers. the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, to improve its practices and the agencies did take some.Feds reissue checks related to the Independent Foreclosure Review As part of consent orders with federal banking regulators, the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), and the Board of Governors of the Federal Reserve System (Federal Reserve), the Independent Foreclosure Review (IFR) was established to determine whether eligible homeowners suffered financial injury because of errors or other problems during.
I completed my Chapter 13 and Bank of America was my 2nd mortgage holder and was lien stripped. This was filed and the lien released from my property. After this, I got a letter from BOA stating that they are going to forgive my Equity Line of Credit under a federal program and I won’t owe anything.
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To qualify for a Second Lien Modification Program (2MP): – Your first mortgage must already have been modified under HAMP (see program 1 above). – The lender of the second mortgage must also be taking part in the making home affordable Plan (i.e. Bank of America, Citi Mortgage, Chase, Wells Fargo and their subsidiary companies).
Home Depot warns customers with stolen email addresses The hackers that broke into Home Depot’s computer network this year took 53 million customer email addresses in addition to the payment card details for millions of customers, the company announced on Thursday. When the company first confirmed in September that its computer systems had been.
Fully extinguished second liens under HAMP hard to come by. Bank of America (BAC) alone wrote off 1,341 second liens through an initiative under HAMP known as Second Lien Modification Program or 2MP. The next highest was wells fargo (wfc), which extinguished 106 seconds liens, according to Treasury Department data .
Modifications of second loans. Once the first loan is modified under HAMP, if the second loan is eligible (and in most cases it is), it too is either modified or partially or fully extinguished. This program too will expire December 31, 2016.
· I am current on first mortgage and am underwater. Can the bank foreclose on 2nd? What else can they do? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.