Tag: mortgage loan

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News: NY Banking Dept. Requests Suspension of Foreclosure Actions

The following is from the NY Banking Department’s website: October 8, 2010 To the Institution Addressed: Recent events surrounding the foreclosure process of several mortgage loan servicers and the use of individuals identified as “robosigners” to execute affidavits without proper verification have raised considerable concerns for the Banking Department. As you may be aware, on […]


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Forensic Mortgage Loan Audits

Forensic Loan Audits Forensic Loan Audits A Forensic Loan Auditor,  purportedly, reviews your mortgage loan documents to determine whether your mortgage lender violated any state or federal mortgage lending laws when they funded your loan. We always wondered if these outfits were really helping homeowners. We couldn’t quite figure out how just finding problems with the […]


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90 Day Pre-Foreclosure Notice

90 Day Pre-Foreclosure Notice I just received a 90 day pre-foreclosure notice; what does this mean? NY foreclosure law now requires that a 90-day pre-foreclosure notice be sent to many homeowners facing foreclosure.  The 90-day notice requirement must be sent to homeowners, at risk of foreclosure, who own and occupy a 1-4 family dwelling as […]


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