National Mortgage Servicer Settlement Progress Report We previously wrote about the 25 billion dollar National Mortgage Servicer Settlement and how it, supposedly, helps distressed NY homeowners. The affected servicers are: Bank of America: 877-488-7814 Citibank: 866-272-4749 Chase: 866-372-6901 GMAC/ALLY: 800-766-4622 Wells Fargo: 1-800-288-3212 The above servicers have agreed to provide at least $25 billion in […]
Read MoreThe following is from the Huffington post: The nation’s five largest mortgage firms may be forced to reduce loan balances for distressed homeowners as part of an agreement with state attorneys general and the Obama administration to settle claims of faulty mortgage practices, a top state official involved in the negotiations said Tuesday. The proposal […]
Read MoreThe following article is from NY Attorney General Cuomo’s website. It calls for suspension of foreclosures by mortgage servicers engaged in “robo-signing” and offers sound advice to New York homeowners who are facing foreclosure proceedings. ATTORNEY GENERAL CUOMO EXPANDS PROBE OF NEW YORK FORECLOSURE ACTIONS Demands information from Bank of America, JP Morgan Chase, Wells […]
Read MoreAre foreclosures being halted in NY? Foreclosure defense is a large part of our law practice. We are currently defending foreclosures brought by GMAC, Chase, Bank of America, Wells Fargo etc. For the most part, we have not seen much evidence of these lenders suspending current foreclosure actions. They are still opposing our motions, replying […]
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