Loss mitigation is a process that helps borrowers avoid foreclosure through options like modification or forbearance.

TALLAHASSEE, FL – As part of National Consumer Protection Week, Attorney General Bill McCollum today issued a consumer advisory on foreclosure rescue services and foreclosure-related loan modification ...

Loan modifications are a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes the loan’s rate, term ...

U.S. Trustee Program secures $1.1M in penalties against 12 defendants for defrauding homeowners in foreclosure with false ...

At one point in 2008, Tim and Rochelle Falkenberg thought they were getting a chance to turn around the foreclosure process on their Lakeville home. More than two years later, the Falkenbergs are ...

A mortgage modification can help you get better terms on your home loan if you’re struggling to make payments. The Flex Modification program is designed to help homeowners who have mortgages that are ...

WASHINGTON (Reuters) - A U.S. program aimed at helping struggling homeowners avoid foreclosure has been oversold by the Treasury Department and is likely to be a failure when it wraps up in 2012, a ...

New York City’s favorite upscale event location worked out a deal to save its bacon (crostinis), just in time for the holiday season. The senior debt is backed by the Cipriani locations at 110 East ...

Union County homeowner Barry Lancett signed two agreements with Wells Fargo this year to modify the terms of his mortgage but still received a disturbing piece of paperwork: a foreclosure notice. "A ...

State legislation to protect homeowners from foreclosure while pursuing a loan modification, widely supported by consumer groups but opposed by the banking California industry, has failed in the state ...

The Obama Administration is gearing up to play hardball with mortgage companies that only temporarily lower struggling homeowners’ monthly payments. But as the drive to make more loan modifications ...

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