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Foreclosure Defense FloridaGeneral Information

URGENT! SEND IN YOUR COMPLAINTS TO THE NATIONAL FORECLOSURE MORTGAGE SETTLEMENT OVERSIGHT

mortgage-settlement

The regulators continue to pass sweetheart deals then loudly proclaim that they receive few complaints.

IT’S OUR FAULT FOR NOT SUBMITTING COMPLAINTS AND MAKING OUR VOICES HEARD!

Do your part, log in and leave complaints here:

https://www.mortgageoversight.com and go to the Report  Client/Constituent Loan Issues

3 Comments

  • mellon bank ,sold my loan to Litton. who sold it to Ocwen. Mellon gave me a skip payment plan. Charged me a fee which was fine. Was to extend payments.But never told me They were adding interest daily to the extended plan. End result they added $20,000 to my pay-off at muturity of loan. Litton and Ocwen say they dont have to honor the skip payment plan.Ocwen foreclosed on me. I had to pay the 20 grand to get out from under foreclosure.Need help to recover my money. Nobody at Ocwen will address issue.

  • john says:

    From all the way across the country (Oregon) I have been following your publication for the past year. I wanted to thank you on behalf of the many families you have helped, the inspiration you project, and the clear resonance of your sense of injustice.

    After four years of unbelievable malarky, we were sent an inhouse Trial mod from BofA, and I just sent in the third payment—-but listen to this: even though I was provided with a contact person, my inquiries, expedited via admin. asst. were never answered. I may be the only person to ‘complete’ a Trial mod without ever speaking to a bank representative! Because I had been on the HAMP a year earlier, and kicked off after eight months sans reasonable explanation, I had a few questions about the veracity of this particular Trial mod. So, here I sit……

    Thanks again for all you do, Matt. Your blog is gaining attention—-and rightfully so. BTW, I like the new look…

  • Kirk LAyne says:

    This loan was originally pre-approved with the lender paying back HOA dues. Because of an error on Bank of America Equator Systems, they did not get the approval to the lenders counter offer and the file was cancelled. We were told to reinitiate the file again in equator, which we did.

    Bank of America assigned the file to a 3rd party vendor REDC who is now processing this file. Since the file has been assigned, we have had issue with the inconsistencies of how this negotiator wants us to send he documents. We are also having problems, because they are going by a script of what is being paid and what is not being paid, REDC does not understand FLORIDA Laws governing back HOA does, and is refusing to contact the lender regarding this issue.

    Fannie Mae announced that it requires servicers to ensure any priority liens for delinquent Condo & HOA assessments are cleared immediately, but no later than 30 days, after the foreclosure sale or acceptance of a deed-in-lieu of foreclosure.
    Fannie Mae Announces Intent to Pay Condo/HOA Fees on Foreclosed Properties
    Fannie Mae Announces Intent to Pay Condo/HOA Fees on Foreclosed Properties
    By Lisa Magill on April 11th, 2012 Posted in Assessment Collection, Foreclosures, Safe Harbor
    Fannie Mae announced that it requires servicers to ensure any priority liens for delinquent HOA dues and assessments on acquired properties are cleared immediately, but no later than 30 days, after the foreclosure sale or acceptance of a deed-in-lieu of foreclosure.

    Fannie Mae also said that it requires servicers to advance funds when the servicer is notified by an HOA for a PUD or condo project that the borrower is 60 days delinquent in the payment of assessments or charges levied by the association if payment is necessary to protect the priority of Fannie Mae’s mortgage lien. Thus, in states with a true super-priority lien (an assessment lien that leap-frog’s over the mortgage), association cash flow is protected. That is not the case in Florida unfortunately where the association’s lien only has priority to safe harbor limits.
    This announcement should serve as a warning to associations as well because all servicers are instructed to contact Fannie Mae’s legal department when or if an association refuses to release its claim of lien against a property in exchange for payment of the amount due under the applicable statutes and/or governing documents.
    Fannie regulations say that servicers must honor association obligations once the foreclosure sale takes place and the lender takes back the property. The 2012 Servicing Guide specifically requires payment of HOA/Condo dues and property taxes as they come due ““ not ignore those obligations for months and months. Furthermore, servicers are requires to notify the association of the transfer and provide management with a new billing address for fees/assessments.

    I cannot reach anyone in Bank of America to assist in this dilemma. And REDC is treating my seller that they will cancel the file if the do not approve what they are offering, including violation HARP rules pertaining to HAFA. My client was approved as a non-owner HAFA short sale previously, and the the new HAFA guidelines, REDC and Bank of America is not underwriting under the new guidelines. Please help.

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