Making Home Affordable program

Mortgage Loan Loss Mitigation Application – Financial Ratios – Be Careful

Mortgage Loan Loss Mitigation Application – Financial Ratios – Be Careful: In this video, attorney Jason McGrath, who handles many mortgage dispute and foreclosure matters, discusses an important loss mitigation issue. Persons filling out their mortgage loan loss mitigation applications need to be very aware that the financials they are listing may make or break… Read more »

Is the Advice You’re Getting Specific to North Carolina’s Unique Foreclosure Laws?

North Carolina Foreclosures: Is the Advice You’re Getting Specific to NC’s Unique Foreclosure Laws and Process? (Alternative Title: Some Dude in CaliforniaFloridaNevada Wrote it on the Internet, so it Must be Right) In this video, North Carolina attorney Jason McGrath discusses the fact that many persons involved in a foreclosure or mortgage loan dispute, or… Read more »

Mortgage Loan Servicers – Illegal Delays and Denials of Modification and Loss Mitigation

Mortgage Loan Servicers –  Illegal Delays & Denials of Modification & Loss Mitigation Large mortgage loan servicers often illegally delay & deny modification & other loss mitigation / mortgage relief attempts. In this video, attorney Jason McGrath discusses some of these issues. We hope that you find this video helpful. While we do assist clients… Read more »

Mortgage Relief – Hope Loan Port Hands Jail Keys to Inmates

Mortgage Relief – Hope Loan Port Hands Jail Keys to Inmates  McGrath & Spielberger works with borrowers to save their homes. Certain mortgage loan servicers, like Bank of America, force us to use a “neutral” online platform to submit mortgage loan relief and loss mitigation applications. This platform is known as Hope LoanPort (although it… Read more »

Does Your Mortgage Loan Servicer Participate in Loss Mitigation?

 Does your mortgage loan servicer participate in the Home Affordable Modification Program? Here is a list of the mortgage loan servicers (not mortgage lenders) who participate in the Federal Government’s Home Affordable Modification Program (HAMP), according to the Federal Governement itself (as of April 30, 2013). Please note this list does not include lenders and/or… Read more »

HAMP: Fewer Borrowers Offered Loan Modification Relief in 2013 (monthly average)

HAMP: Fewer Borrowers Offered Loan Modification Relief in 2013, Compared to Average Month in 2012 The Home Affordable Modification Program (HAMP) is part of the Federal Government’s Making Home Affordable (MHA) program. (No, I don’t know why HAMP includes “Program” as part of it’s title and the “Making Home Affordable” program does not.)  The way… Read more »

FHA Loan Mortgage Relief – Many More Borrowers Now Eligible

Changes in FHA Mortgage Relief / Loss Mitigation Policies Should Allow Many More Borrowers to Save Their Homes My law firm represents borrowers who are in need of assistance with their mortgage loans, and we do so in multiple states (FL, GA, NC, OH, SC, TN). Some of those homeowners have Federal Housing Administration (FHA)… Read more »

How BOA Tainted the Allegedly Independent Foreclosure Review

How BOA Tainted the Allegedly Independent Foreclosure Review  The “Independent Foreclosure Review” (may it now rest in peace) was established as a result of a settlement of federal lawsuits against numerous mortgage loan lenders and servicers. The intent was to provide compensation to borrowers who were improperly foreclosed upon. Borrowers were supposed to be able… Read more »

BOA mortgage loan modification offers – errors & mistakes abound

BOA Mortgage Loan Modification Offers – Errors & Mistakes Abound As an attorney who represents mortgage loan borrowers and homeowners, I see more than my share of mistake-filled Bank of America mortgage loan modification offers. I just reviewed another modification offer from BOA, made to new clients of mine. Almost every modification offer I’ve ever reviewed… Read more »

BOA Responds to my Blog on Supposed Modification Denials

BOA Responds to my Blog on Supposed Modification Denials (UPDATE: I have been contacted by numerous homeowners who describe being told the exact same thing I was about how BOA handled this.) On May 16, 2012 I published this blog post (click title to read it): DOJ Settlement Results in BOA “Denying” Thousands of Mortgage… Read more »