Keystone Asset Foreclosure

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Mortgage Foreclosure Federal Law

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mortgage foreclosure federal law
Why hasn’t the government jumped in to help people in foreclosure because of predatory lenders?

I am in foreclosure in Maine because a lender set me up for a payment I could not legitimately afford, and am losing my family home that I have owned for 20 years, and my grandfather owned for 20 years before that. My mortgage is $2,012 per month ($2,600 offered in a “work-out”) and my monthly take-home pay is $2300. Go figure. AND they charged me $19,000 in closing costs!!! I have just been told that 7 out of 10 homes in Maine are in foreclosure because of this same scenario. This is a MAJOR crisis and the only people out there to get help from are other predatory lenders willing to do the same thing to me to help “save my house” – it continues to go on. I have worked full-time all my life, always paid my taxes, am a law-abiding citizen, and yet, I can find no state or federal programs that I am “eligible” for because I “make too much money ($38,000 per year faily of three), and I am not an immigrant. Someone please explain this to me.

Yikes, here is the best I can do to alliviate the concern
Foreclosure requirement by HUD guaranteed loans: http://www.hudclips.org/sub_nonhud/cgi/nph-brs.cgi?d=MLET&s1=90-$%5Bno%5D&op1=AND&SECT1=TXTHLB&SECT5=MLET&p=1&r=39&f=G
HUD consumer complaints: http://www.hud.gov/offices/hsg/sfh/res/resrefer.cfm
HUD Sample of Good Faith Estimate: http://www.hud.gov/offices/hsg/sfh/res/resappc.cfm
HUD Real Estate Settlement Procedures Act: RESPA the entire statute

http://www.hud.gov/offices/hsg/sfh/res/respa_st.cfm

HUD Initiations of foreclosures, an explanation

http://www.hudclips.org/sub_nonhud/cgi/nph-brs.cgi?d=HBKS&s1=Foreclosure+procedures&op1=AND&l=100&SECT1=TXT_HITS&SECT5=HBKS&u=./hudclips.cgi&p=1&r=83&f=G

Fixing your debt problems information from the US Government

http://www.ftc.gov/bcp/conline/pubs/credit/kneedeep.htm

National Home Recovery Program for foreclosures http://www.nhrp.com/
FTC: High Rate – High Fee Loans (know your rights): http://www.ftc.gov/bcp/conline/pubs/homes/32mortgs.htm
Steps that can be taken to prevent foreclosures: http://www.consumerlaw.org/initiatives/seniors_initiative/advforcl.shtml
Dreams Foreclosed – Scams about foreclosures – A pamphlet: http://www.consumerlaw.org/news/ForeclosureReportFinal.pdf
Predatory Lending information from ABA: http://www.aba.com/Consumer+Connection/CNC_pred1.htm
Mortgage Loan Fraud a report http://www.fincen.gov/MortgageLoanFraud.pdf
Racketeer Influenced and Corrupt Organizations Act – RICO

http://usinfo.state.gov/usa/infousa/laws/majorlaw/rico/rico.htm

That should give you plenty of information to do your research in.
Best of luck and sorry about your situation

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California Foreclosure Fraud

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california foreclosure fraud
Foreclosure question?

We live in California. My husband bought to houses before we were married. Those 2 houses are now going in to foreclosure. Can we buy a house in my name before we lose the home we live in? I dont want to commit any type of fraud but we want to be able to live in a house instead of going to a apt. Any suggestions or advice would help. Thanks.

If you aren’t signed on the other 2, and you have the credit and income to buy a house, buy a house.

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Irs Home Foreclosure Free List

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