Foreclosure
Frauds and
Scams
Foreclosure
Prevention Information
The links below contain reports and articles on
governement programs and other ways to avoid
foreclosure.
- Part 1 State Foreclosure Prevention Group
Formed in the summer of 2007, the State Foreclosure Prevention Working Group includes 11 states – Illinois, Iowa, Arizona, California, Colorado, Massachusetts, Michigan, New York, North Carolina, Ohio, and Texas – along with the state bank regulators from New York and North Carolina, and the Conference of State Bank Supervisors. Foreclosure Fraud Prevention.
- Part 2 State Foreclosure Prevention Workgroup
Formed in the summer of 2007, the State Foreclosure Prevention Working Group includes 11 states – Illinois, Iowa, Arizona, California, Colorado, Massachusetts, Michigan, New York, North Carolina, Ohio, and Texas – along with the state bank regulators from New York and North Carolina, and the Conference of State Bank Supervisors. Foreclosure Fraud Prevention.
- Part 3 State Foreclosure Prevention
Formed in the summer of 2007, the State Foreclosure Prevention Working Group includes 11 states – Illinois, Iowa, Arizona, California, Colorado, Massachusetts, Michigan, New York, North Carolina, Ohio, and Texas – along with the state bank regulators from New York and North Carolina, and the Conference of State Bank Supervisors. Foreclosure Fraud Prevention.
- Lender Loss Mitigation Phone Numbers
- Foreclosure Avoidance Strategies
- Short Sales
- Servicemembers Civil Relief Act
HUD Servicemembers Civil Relief Act of 2003 for Lenders, (formerly known as the Soldiers' and Sailors' Civil Relief Act of 1940). Foreclosure protection for active duty military.
- Ways to Avoid Foreclosure
- The HOPE for Homeowners Act
Mortgage Refinancing to Avoid Foreclosure: The HOPE for Homeowners Act
The HOPE for Homeowners Act helps owners at risk of foreclosure to refinance their mortgages.
Summary Information on the State Foreclosure Prevention
Group is Provided Below.
ANALYSIS OF
SUBPRIME MORTGAGE
SERVICING PERFORMANCE
DATA REPORT NO. 1
JANUARY 2008
DATA REPORT NO. 2
APRIL 2008
DATA REPORT NO. 3
OCTOBER 2008
STATE FORECLOSURE
PREVENTION
WORKING GROUP
New York, September 29, 2008: Industry measures to keep
homeowners out of foreclosure have slipped, according to the
State Foreclosure Prevention Working Group -- a group of state
attorneys general and state banking regulators working to
prevent home foreclosures.
“Too many homeowners face foreclosure without receiving any
meaningful assistance by their mortgage servicer,” the report
concluded, “a reality that is growing worse rather than better,
as the number of delinquent loans, prime and subprime,
increases.”
The Working Group issued its third “Analysis of Subprime
Mortgage Servicing Performance,” based on data collected from
subprime mortgage servicers for the period February through May
2008. The report said nearly eight out of ten seriously
delinquent homeowners are not on track for any loan work-out or
loss mitigation assistance to enable them to avoid foreclosure,
a higher percentage than the Group found in its April report.
Leaders of the Group are scheduled to conduct a telephone news
conference at 12 noon EDT Monday on their new report.
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