Currently viewing the tag: "lawyer"
Attorney Josef Culik has filed suit today in federal court in Boston, Massachusetts against Bank of America on behalf of a client for violation of the Home Affordable Modification Program (HAMP) and violation of the Fair Debt Collection Practices Act.
Continue Reading →Homeowners Need More Lawyers to Help Stop Foreclosure
October 6, 2009 by CULIK LAW
The foreclosure crisis is also a legal crisis, a new study says. When homeowners struggling to pay their mortgages try to find lawyers help them fight to hang onto their homes, many can’t do so, reports USA Today. Hiring a private lawyer to help with the complex proceedings can easily cost $5,000. And legal aid [...]
Continue Reading →Mortgage servicers’ Achilles Heel: Regulatory compliance
September 14, 2009 by CULIK LAW
Mortgage Servicing News reports in the article Compliance The Top Concern for Servicing Executives that a survey from Nationwide Title Clearing has found that “regulatory compliance” is the top problem facing mortgage servicers: Over half of the survey participants say regulatory compliance is their top worry. Penalties for non-compliance typically range from $500 to $25,000 [...]
Continue Reading →Making Home Affordable provision creates new standard, new obstacle to foreclosure
September 10, 2009 by CULIK LAW
Q: What is the industry standard for how mortgage loan servicers are supposed to act with regard to foreclosure prevention? Interesting question, because the answer to that question is the standard by which Massachusetts homeowners in foreclosure should be able to measure the actions of their loan servicers – if the loan servicers don’t comply [...]
Continue Reading →Beware of Loan Modification Scammers (NCLC)
September 9, 2009 by CULIK LAW
The Boston, Massachusetts-based National Consumer Law Center reports in the most recent edition of its newsletter Outlook that: “an aggressive new industry of scam artists is squeezing the last dollars from desperate homeowners.” That is, former mortgage brokers (who were instrumental in creating the foreclosure crisis) and con artists are preying on the need many [...]
Continue Reading →Mortgage Loan Modifications for Massachusetts Residents – by an Attorney
September 4, 2009 by CULIK LAW
If you have fallen behind on your monthly mortgage payments and are faced with foreclosure, a mortgage loan modification may be a viable solution. What is a mortgage loan modification? Simply put, it is not a new loan, but an agreement between you and your lender to modify one or more of the terms of [...]
Continue Reading →How to stop foreclosure, modify your mortgage, reduce your interest rate, and decrease your mortgage payments — Tips from a Massachusetts lawyer. If you are behind on your mortgage payments, your interest rate is about to adjust, or your payments are simply becoming unaffordable, the first thing you need to do is take action. The [...]
Continue Reading →Untitled Document "I cannot thank you enough for the stellar work you did on my Loan Modification. I tried it myself with no success. You were the expert I needed! You were friendly with me and relentless with the bank. You never lost patience nor spirit. You took it to every level necessary to win. AND WIN WE DID. The Modification you obtained cut over a thousand dollars from my monthly mortgage payment! I can keep my house!" Sincerely yours, Robert N.
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