Tag Archives: mortgage modification
- How Can We Refinance Our Mortgage While I’m Unemployed? – Nicole
“Dear Steve, Unfortunatly as I found out the HOPE program and all other programs will not modify your loan if you are currently on Unemployment benefits. What are options for people who are unemployed. I am working but my husband was laid off over 2 years ago. I have tried to modify my mortgage thru [...]
- Mortgage Modification Company Former Owner Facing 80 years in Jail
Isaak Khafizov, a former owner of American Home Recovery (AHR), a mortgage loan modification business, was found guilty yesterday in Manhattan federal court of conspiracy, mail fraud, and wire fraud in connection with a scheme to defraud distressed homeowners and lenders. Khafizov was convicted after a ten-day jury trial presided over by U.S. District Judge [...]
- Debt Relief Law Center Attorney Takes Cash to Modify Mortgages and Gets Disbarred Instead
A Los Angeles attorney accused of misappropriating $1.1 million from 10 clients has agreed to be disbarred, the State Bar announced Wednesday. In one of the largest misappropriation cases ever handled by the Office of Chief Trial Counsel, Vafa Allan Khoshbin [bar# 165486], 52, had promised clients he could get their first mortgages modified and [...]
- Trying to Get Lender to Modify Our Mortgage Again. – Kay
“Dear Steve, My husband and I bought a home in 2006, applied for a payment modification in 08 or 09 it was approved. My husband income has dropped this year and we’re now having a hard time making payments. We’re 3 months behind on our payments, applied again for a modification and it was declined [...]
- Sameer Lakhany & Precision Law Center Halted by FTC
At the request of the Federal Trade Commission, a U.S. district court has halted an operation that took in more than $1 million by allegedly selling homeowners bogus mortgage relief and foreclosure rescue products, including a scam that falsely promised to get help for homeowners who joined others to file so-called “mass joinder” lawsuits against [...]
- We Can’t Afford Our House. Should We Hire Someone? – Bianca
“Dear Steve, We are in foreclosure,My husband lost his job and my hours at work were reduced , so last year we started to negotiate with our bank to get into a loan modification, so far without success.Last year we did not qualified for any program because we were not behind in our payment and [...]
- Free Mortgage Modification Help, Tips, Resources, and Calculators
I’ve seen and covered so many mortgage modification scams that I wanted to show you how you can save yourself from being scammed, save thousands and modify your mortgage for free. Before you launch into paying anyone thousands for mortgage modification assistance you should explore your free options first. It’s important to know there is [...]
- Mortgage Problems? Facing Foreclosure? Prepare to be Scammed.
The millions of desperate homeowners who have found themselves upside down and at risk of losing their homes have created a fertile environment for scamsters. The scams on homeowners are varied and include audits and NPV tests, modification services, foreclosure rescue services, sell and lease-back schemes, and my personal favorite, mass joinder suits. Let’s start [...]
- Deceitful Debt Relief And Mortgage Operation Shut Down
A United State district court has shut down two related operations who apparently failed to provide promised debt relief services and jeopardized clients’ privacy by at the Federal Trade Commission (FTC)’s request. Apparently one firm charged consumers a $1,495 up front fee for a mortgage relief assistance program that was never given as well as [...]
- I Have Stress and Cancer. I’m Also Struggling to Get Out From My Wells Fargo Mortgage. – Tarah
“Dear Andy, I bought my house 4 years ago. My value has dropped over 100K. I live Maryland. My mortgage is Non-Conforming. I have attempted to refinances 2 and denied because of my appraisal. I also attempted to get a modification 2 times and the investor denied it both times. I am current on my [...]
- Mortgage Industry Hates Borrowers. Not Worth Helping.
by Lois Beckett, ProPublica, Outgoing Federal Deposit Insurance Corporation Chairwoman Sheila C. Bair’s revealing exit interview by the New York Times’ Joe Nocera has generated plenty of buzz. But while the interview provided a comprehensive look at Bair’s role from 2006 to 2011, what caught our attention was her characterization of the foreclosure crisis. Bair [...]
- I’m 70 Retired, With Some Health Issues and Trying to Get Chase Bank to Modify My Mortgage. – Lyn
“Dear Andy, I’m 70, retired with some health issues. Have quite a lot of debt besides my condo on which I owe $29900, and its only worth about $49000 at the moment. When I purchased it in 2000 it was $118000. In 2003 I refinanced to bring the interest rate down to 5.75 and switched [...]
- Modified Mortgages Still Not Honored By Lenders
by Paul Kiel ProPublica Chanel Rosario was supposed to be one of the lucky ones. After years of sending and re-sending documents, waiting on hold and attending court hearings to avoid foreclosure on her Staten Island home, she’d finally received a much-needed reduction on her mortgage. Eagerly, she and her husband signed it and mailed [...]
- I’m Trying to Get Mortgage Modification But Considering Credit Counseling or Debt Settlement As Well. – Sandy
“Dear Damon, My credit is already ruined because I ‘m trying to get a modification on my mtg and haven’t paid my mtg since 11/2010. Want to get out of the 30k credit card debt too. Should I wait until the modification is over or do everything at once. Also should a use a consolidation [...]
- Should I Hire All State Law Group to Modify My Bank of America Mortgage? – Charles
“Dear Andy, Tried twice to to get a modification with BOA with no success,have ask a law firm to help, but cant find any info on the firm Should I retain this law firm from calif. THEY WHAT THREE PAYMENTS ONE TO START, THEN ONE IN THE MIDDLE AND THE REST AT THE END. 1500-1000-500. [...]