FTC Rules to Help Homeowners Spot Mortgage Relief Scams

A new Federal Trade Commission rule was put in to place recently to help protect homeowners who are facing foreclosure. The FTC has decided that mortgage foreclosure rescue or relief operations and loan modification services cannot collect fees for their services until the homeowners receives an offer from their lender that they find acceptable. This […]

Bank of America Halts Foreclosures across Nation, Analysts Have Mixed Reactions

On Thursday, Bank of America announced they were halting foreclosures in all 50 states while they review mortgage paperwork.  The foreclosure freeze comes after pressure from Attorney General Martha Coakley after it was discovered earlier that some banks lacked the proper paperwork to seize thousands of homes across the country. Coakley called for the freeze […]

Florida Foreclosure Prevention Event Helps Save Mortgages

An interesting and unprecedented event ended on August 31 in the heart of Florida. The Neighborhood Assistance Corporation of America held a giant foreclosure prevention, loan modification event in a convention center in Palm Springs. The center was staffed with loan officers and mortgage counselors from the NACA and many of the country’s top lenders. […]

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