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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