Stop Foreclosures

The National Consumer Law Center (NCLC) has conducted a study of several state foreclosure mediation programs designed to control the growing number of houses in foreclosure. The study showed that the programs, which require conferences or mediations before homes could be placed on foreclosure sales, have an enormous potential to help troubled homeowners.
But the study [...]

The residential real estate landscape in Miami Gardens, Florida is dotted with bank foreclosed houses. Driving along city neighborhoods, one could not fail to see bank foreclosed houses in various conditions, with some languishing on the market since last year.
These properties have become blights to neighborhoods, became favorite haven of criminals and pulled down values [...]

Industry analysts said that thousands of distressed homeowners are trying to avail of loan modification to help them meet their monthly mortgage payments and avoid turning their properties into foreclosed homes.
However, they pointed out that loan modification is not easy to obtain. Many of them encountered problems such as long waiting times, arduous volume of [...]

Distressed homeowners can improve their chances of getting favorable loan modifications from their loan servicers by submitting relevant and complete documents and by knowing their rights as consumers and as borrowers, according to Diane Thompson, counsel to Boston-based nonprofit National Consumer Law Center.
Recently, Thompson testified before the U.S. Senate Committee on Banking, Housing and Urban [...]