HUD coalition launches online scam reporting tool WASHINGTON – March 1, 2010 – The U.S. Department of Housing and Urban Development, in partnership with the Loan Modification Scam Prevention Network, today announced the launch of PreventLoanScams.org. ” Homeowners at risk of foreclosure can be easy prey for home loan modification scammers,” said John Trasviña, HUD [...]
FEDERAL HOUSING FINANCE AGENCY NEWS RELEASE FHFA Extends Refinance Program By One Year Washington, DC — Federal Housing Finance Agency Acting Director Ed DeMarco today announced the extension of the Home Affordable Refinance Program, (HARP), a refinancing program administered by Fannie Mae and Freddie Mac, to June 30, 2011. The program is [...]
Countrywide Financial to begin making settlement payments TALLAHASSEE, Fla. – Aug. 7, 2009 – Countrywide Financial, now owned by Bank of America, will soon begin making cash payments of at least $3,000 to each of its Florida customers who have experienced a foreclosure or fallen behind on mortgage payments within four months of getting their [...]
If you are a Florida Homeowner in default on your mortgage, PLEASE read through this and know you have 3 days to cancel your agreement for “Foreclosure-Related Rescue Services”. Florida has specific language which must be included in any agreement you sign. Be careful, Title XXXIII REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS [...]
Team Sumberg has clients, customers, friends and in some cases family who are struggling to keep their homes. It seems that every day we hear a new program announced by the government or a change to an existing program. With a growing number of government websites it’s difficult to know where to go for information [...]
If you are considering some of the Government programs available to help you avoid foreclosure, you will need to know who own’s your mortgage. Here is a link from Freddie Mac where you can find out if they do. https://ww3.freddiemac.com/corporate/ Contact Team Sumberg for Tampa Bay Real Estate. info@TeamSumberg.com
Feb. 12, 2009 – A list of the top 10 steps homeowners can take to negotiate an affordable loan modification. The following steps apply to homeowners working directly with a lender, as well as to those teaming up with an attorney or alternative third-party representative. 1. Come clean. It can be tempting to bend the truth [...]
ADVICE FROM THE FEDS: Scam artists are proliferating, attempting to make money from troubled borrowers interested in taking advantage of President Barack Obama’s foreclosure-prevention plan. The firms charge fees for what they tell borrowers will be quick and effective negotiations with banks. In most cases, the firms take the homeowners’ money – often more than [...]
In a noble and necessary move, JPMorgan Chase will not place any new homes in foreclosure for the next 90 days! In what may the biggest sign yet that banks are getting serious about attacking the nationwide wave of home foreclosures, giant JPMorgan Chase (NYSE:JPM – News) announced on Oct. 31 that it is sharply [...]
We all know someone who is currently in danger of foreclosure. Face it, how many Americans are only one or two paychecks away from financial ruin? In our current economic climate, we all need to accept responsibility as global citizens to get informed and educated, so that we can share the knowledge with our neighbors, [...]