Comment: Steadfast! BobbyW24, DailyPaul wrote about mortgage messes.

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Steadfast! BobbyW24, DailyPaul wrote about mortgage messes.

Unforssen mortage mess ain't pretty. Aftseen mess ain't worth seeing. Most prefer unforeseen & unaftseen mortgage messes remain so... Unseen.

BobbyW24, DailyPaul wrote about the ins & outs of mortgage messes.
BobbyW24, DailyPaul Mortgage Posts

Consumer watchdog warns Mortgage Servicers on Transfers
Submitted by bobbyw24 on Mon, 02/11/2013 - 16:16

(Reuters) - The consumer financial watchdog on Monday warned mortgage servicers that they must extend legal protections to customers when transferring their loans to another company, and said it will pursue enforcement actions against those who do not comply.

The Consumer Financial Protection Bureau issued a bulletin reminding servicers that they should not lose paperwork or compromise troubled borrowers' chances of avoiding foreclosure.

Debt Collection Horror Stories-CNN Money
Submitted by bobbyw24 on Wed, 02/06/2013 - 13:47
Debt collector horror stories abound: There are threats to dig up the dead relatives of those who couldn't pay their funeral bills, promises to imprison debtors or take their children into custody -- even warnings that pets will be killed.

Fannie Mae To Allow Walkaways by Homeowners who are Current on Loans
Submitted by bobbyw24 on Tue, 01/29/2013 - 13:10
Non-delinquent borrowers with illness, job changes or other reasons they need to move will become eligible in March to apply for a so-called deed-in-lieu transaction that erases the shortfall between a property’s value and the size of its mortgage. It follows a change in November that lets on-time borrowers sell properties for less than they owe, known as short sales, wiping out the remaining mortgage debt. Normally, the lenders could pursue people to recoup their losses.

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+13 I go to court today to keep my house, suggestions - Brain Frank

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul