Efforts to stop foreclosure homes have been stepped up by Wells Fargo for its distressed borrowers across the U.S. in response to calls by various sectors for the prevention of further foreclosures.
Wells Fargo has been promoting three schemes by which its troubled borrowers can get help, in addition to carrying out the Home Affordable [...]
Stop Foreclosure Homes: Help for Wells Fargo Borrowers
November 17th, 2009 by Cassiano TravareliStop Foreclosed Houses with Free Help from Miami Lawyers
November 9th, 2009 by Cassiano TravareliTroubled homeowners can stop foreclosed houses with free help from new law graduates of the University of Miami who have passed the bar exam in Florida under the Foreclosure Defense Fellowship and the Foreclosure Project which were launched by advocates at the university to provide free legal representation to troubled homeowners.
According to law professor Michael [...]
Avoid Foreclosure: States and Cities Carry Out Initiatives
October 27th, 2009 by Cassiano TravareliTo help homeowners avoid foreclosure, states and cities have been launching various initiatives since the foreclosure crisis began last year. They have been creating and implementing programs such as free foreclosure prevention workshops, creation of mandatory mediation conferences and door-to-door distribution of foreclosure prevention flyers.
Among recent foreclosure prevention programs are those carried out by [...]
Stop Foreclosure Process Stepped Up in Indiana
October 21st, 2009 by Cassiano TravareliThe stop foreclosure process has been stepped up in Indiana by state judges, legislators, lawyers and professionals.
This week, Indiana Supreme Chief Justice Randall Shepard informed the public that over 1,000 judges, lawyers and foreclosure prevention mediators have completed their training to be able to handle foreclosure cases better.
Under the leadership of Judge Shepard, [...]
How to Avoid Foreclosure in California
October 19th, 2009 by Cassiano TravareliHow to avoid foreclosure in California is an ongoing process that begins with taking action immediately after a receiving a default or foreclosure notice.
It is even better if one seeks help earlier – when finances are fast getting tight and when missing the next monthly home loan payment is a real possibility.
Helping California homeowners avoid [...]
Stopping Foreclosure with Help from Massachusetts Judge
October 16th, 2009 by Cassiano TravareliStopping foreclosure in Massachusetts has become easier or harder, depending on which side one is on, after Massachusetts Judge Keith Long affirmed the decision he issued in March, declaring invalid two foreclosures filed by U.S. Bank and Wells Fargo because of missing mortgage transfer documents.
In his ruling this October, Long rejected a request from [...]
Stopping the Foreclosure Process for 500,000 Homeowners
October 13th, 2009 by Cassiano TravareliStopping the foreclosure process for 500,000 homeowners by November 1 this year was the goal set by the Obama administration last July, and according to Obama officials, the administration achieved this goal more than two weeks early.
Federal officials said that 500,000 distressed borrowers were put into a three-month trial loan modification program by mortgage [...]
Avoid Home Foreclosures in Atlanta with Help from Nonprofits
October 8th, 2009 by Cassiano TravareliHomeowners in Atlanta can avoid home foreclosures with help from nonprofits which have been able to negotiate deals with mortgage lenders and have obtained funds to finance their counseling operations.
Atlanta nonprofits including the Rainbow PUSH Coalition and the Consumer Credit Counseling Service of Greater Atlanta were able to convince Wells Fargo to implement a foreclosure [...]
Stop Foreclosure Process through Short Sales, Treasury Says
October 5th, 2009 by Cassiano TravareliStop foreclosure process through short sales, according to the U.S. Treasury Department. A Treasury spokesperson announced that the department is now working out an incentive program that will encourage mortgage firms to use short sales to help homeowners avoid foreclosure.
This short sales program was first considered in May, and the department is now finalizing [...]
Homeowners Avoid Foreclosed Houses but Redefault
October 2nd, 2009 by Cassiano TravareliHomeowners avoid foreclosed houses but redefault, according to the U.S. Office of the Comptroller of the Currency and the U.S. Office of Thrift Supervision.
Based on data from the federal agencies, more than half of homeowners who had their mortgages modified in the first 6 months of 2008 had redefaulted within a year from [...]