On December 31, 2016, HAMP (Home Affordable Modification Program) expired. However, the good news is that Fannie Mae has announced that there will be a new loan modification program that will be implemented to help homeowners in need in 2017. The new “Flex Modification” is designed to take the place of the Standard and Streamlined…
DetailsThe Home Affordable Modification Program (HAMP) is set to expire in December of 2016, after being extended by the federal government several times over the past few years to allow homeowners who were affected by the Great Recession to modify their home loans. To date, the program has helped over 1.8 million families keep their…
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If you have been served with any legal documents about your mortgage, you need to speak with a foreclosure defense attorney immediately. Regardless of what the lender–or your friend–tells you, you need to speak with an attorney who can help you determine what you need to do to protect your legal rights. Once you are…
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New York attorney, Linda Tirelli, discovered a 150 page manual allegedly produced by Wells Fargo and distributed to its employees and attorneys. In the manual, Wells Fargo instructs its employees and agents how to produce documents to complete the chain of title in foreclosure cases. Ms. Tirelli submitted the manual to the U.S. District Court…
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Written by South Carolina Foreclosure Defense Attorney, Kristina G. Pierce You need to save money during the foreclosure process. It may seem like common sense, but in my practice, I have had to deal with this issue numerous times. Typically when you are in foreclosure, you are not making your monthly mortgage payment. This is…
DetailsWritten by South Carolina Foreclosure Defense Attorney Kristina G. Pierce According to New York AG, Wells Fargo is still involved in foreclosure abuses In February of 2012, in an attempt to stop, or at least slow, foreclosure abuse and robo-signing practices, Wells Fargo, Bank of America, JP Morgan Chase, Ally Financial, and Citigroup entered into…
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Written by South Carolina Foreclosure Defense Attorney Kristina Pierce Now that we have discussed how to apply for SC Help, let’s discuss the practical application and some of the pitfalls. SC Help sounds great in theory, but practically I have seen two hiccups in the approval process. First, let’s discuss the application. If the hardship…
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In this first post about SC Help, I am going to discuss how the program works. Stay tuned for my next post, which will be about the practical application and some pitfalls of the program. First, let me say that if you are behind on your mortgage payments or have experienced any of the hardships…
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The South Carolina Department of Consumer Affairs is partnering with the U.S. Department for Treasury to host an event called Help for Homeowners Foreclosure Prevention Event, which will be held at the Columbia Metropolitan Convention Center on Friday, June 28th from 1:00 p.m. to 8:00 p.m. At this event, distressed borrowers and homeowners will be…
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Written by South Carolina Foreclosure Defense Attorney Kristina G. Pierce The Protecting Tenants at Foreclosure Act (“PTFA”), which is in effect from May 2009 through December 31, 2014 (thanks to the Dodd Frank Act), protects tenants living in homes that are facing foreclosure in South Carolina and throughout the U.S. The PTFA applies to any…
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