“Dear Andy, In early 2010 I defaulted on my mtg. with INDY MAC for 3 mo. I applied for a loan mod due to financial hardship being a sm. business owner in a poor economy. What was required was that I pay back over $7,800.00 in back pmts. in ONE full pmt. and sign a …
“Dear Andy, Upside down value on a house is not news these day – mine went from 680,000 to about 400K. Loan is 500K at 6.9%. Wrote to IndyMac for reduced interest rate and they ignored me -tried several times – then withheld one months payment and all hell broke loose – yes they responded …
by Paul Kiel, ProPublica Pamela Jeter of Atlanta, Ga., has been trying to get a mortgage modification for more than two years. She seems like an ideal candidate. She has shown she can stay current with a reduction in her monthly mortgage payments. Everybody would seem to win. Even the investors who ultimately own her …
by Marian Wang, ProPublica Three of the nation’s largest mortgage servicers have halted foreclosures as scrutiny increases over whether they verify the required paperwork. Several other servicers have also been faulted for foreclosure affidavits that were signed without much authentication, but they have not yet halted foreclosures. Last week, we noted that the discovery of …