B of A Parallel Foreclosure CONFESSION

Tuesday, May 25, 2010

Reps. Grijalva and Kaptur Introduce Legislation to Allow Homeowners Facing Foreclosure to Remain as Renters



May I suggest that homeowners who are not upside down be allowed to apply their built up equity towards the rent, and that a running tab be kept on the difference between renting and getting caught up on the payments so the homeowner has five years to come up with the difference if they so desire.

Tuesday, May 18, 2010

Crucial Help for Homeowners Could Never See the Light of Day

Senator Al Franken (D-Minnesota), who in my opinion should be wearing a cape to work every day, introduced an amendment to the Financial Reform Bill that would create an Office of Homeowner Advocate to assist homeowners who have been denied a loan modification through HAMP.

The Franken Homeowner Advocate Amendment, according to the press release, would be funded from existing sources and its focus would be to assist homeowners who believe their mortgage servicer is breaking the rules.


Article by Richard Zombeck.
Posted using ShareThis


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