Denied for Federal Mortgage Aid, Homeowners Seek Alternatives
By Stella M. HopkinsRISMEDIA, June 18, 2010–(MCT)–Allison Rinehart’s best hope for saving her home isn’t the massive federal effort to stem foreclosures. She’s been denied, possibly in error, for that plan so she’s banking on an alternative mortgage modification to keep her Charlotte townhouse. “This is the only thing my daughter and I have,” said...
Read MoreCalifornia State Senate bill passes to help homeowners avoid foreclosure
California State Senators Mark Leno and Tem Darrell Steinberg authored SB 1275 which will help prevent loan servicers from foreclosing on homeowners who have requested loan modifications until a decision has been made about the mod and the homeowner has been notified. As many of us have heard the horror stories, loan servicers have been initiating foreclosures on homeowners even when they have...
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