In addition to the loss of homeownership for many Americans, the continuing foreclosure crisis has another dire consequence: the rise of foreclosure defense scams. A recent story from New Jersey about a family losing their home due to a nationwide more »
A recent Wall Street Journal article discusses the ongoing conflict regarding principle reduction for mortgage loans. As the article stresses, Fannie Mae/Freddie Mac—two of the largest holders of mortgage loans in the United States—usually do not permit principle reductions of loans (where the more »
If you have been following the news in the last few weeks, you have probably heard about the New York Times’s editorial Why I Defaulted on My Student Loans. In this opinion piece, the author gives his reasons for more »
Question: What is a right-to-cure notice? When am I suppose to receive this letter? Answer: A right-to-cure notice is a letter that your servicer must send you prior to foreclosure that gives you an opportunity to reinstate your mortgage loan. The notice more »
I don’t write too often about property tax foreclosures, but it is a topic of increasing importance for Massachusetts homeowners. A property tax foreclosure, compared to a standard residential mortgage foreclosure, is a judicial proceeding in court. A homeowner facing more »
Question: Can my home be foreclosed while I am applying for a loan modification? Answer: Generally, no. Recent loan servicing regulations prohibit “dual tracking”, a procedure where servicers review loan modifications while simultaneously pursuing foreclosure. These regulations restrict servicers from more »
A recent Florida foreclosure case demonstrates why you should always tell the truth in court, whether it be for a foreclosure defense case or any other matter. In this case, the homeowner raised numerous arguments to the foreclosure, each of more »
In my work as a foreclosure defense attorney, I have met many passionate professionals committed to keeping hardworking homeowners in their homes. Unfortunately, given the high stakes involved in these cases, I have also seen alot of bad advice being passed on more »
The Massachusetts Appeals Court held today in Wells Fargo v. Cook that the HUD pre-foreclosure requirements are a valid foreclosure defense for FHA loans. As I have written before, FHA loans–aimed at helping low-income Americans buy homes–contain specific pre-foreclosure requirements within the more »
