subject: The Foreclosure Law Center, P.c. [print this page] Currently there are about 1,497,222 homeowners in need of foreclosure help in the U.S., according to RealtyTrac.
In February 2012, a $25 billion settlement with the five major lenders in the country was supposed to help turn the crisis around.
In a recent Huffington Post article, Anna Cuevas talks about the blame game going on between the lenders and the government, but in the end, the homeowner is the one suffering the consequences.
"Regardless of the blame game, it is homeowners who have paid the highest price in trying to save their homes," Cuevas said. "They face ongoing frustration in dealing with servicers while they implement their programs, time delays, lost paperwork, and stress."
Everyday homeowners attempt loan modifications on their own with their lenders. Legal representation can greatly increase the odds of having a successful mortgage modification.
The Foreclosure Law Center, P.C. has worked for 8 years in representing homeowners nationwide and has thousands of success stories. The Foreclosure Law Center, P.C. reviews and testimonials.
We provide help with foreclosure when you need it the most. Going it alone ends here.
To learn more about our loan modification process and Forensic Loan Audit, refer to The Foreclosure Law Center, P.C. website, or call our free consultation center, 24 hours, at 1-888-600-5505.
MetLife Fined by Fed for Abusive Foreclosure Practices:
"Steven Kandarian, the chief executive officer of New York- based MetLife Inc., has struck a deal to sell deposits to General Electric Co. as part of a plan to depart banking," Bloomberg Businessweek.
Recently MetLife was served a $3.2 million penalty by the Federal Reserve for abusive foreclosure handlings.
Earlier this year a $25 billion settlement was reached with the five largest lenders in the country, MetLife not included.
MetLife will now no longer be able to leave the banking industry quietly:
"The Board is taking action against MetLife at this time in light of MetLife"s publicly announced decision to sell its subsidiary bank"s deposit-taking operations," the Fed said in an e-mailed statement August 7, 2012, Bloomberg. "The Board continues to believe that monetary sanctions in the remaining cases are appropriate and plans to announce monetary penalties against those organizations."
In July 2012, one in every 2,036 housing units received a foreclosure filing in New York. The need for foreclosure help in New York has continued to rise along with the rest of the country in need of help with foreclosure.
"I know that investors are eager for a resolution of this issue but the timing is outside of MetLife"s control," Kandarian said in an Aug. 2 conference call, Bloomberg.
The Foreclosure Law Center has been helping homeowners avoid foreclosure throughout the country for over 8 years. Don"t lose your home to foreclosure. Find out more about our legal process and forensic loan audit today. Call us for a free mortgage evaluation at 1-888-600-5505.
