As more and more people lossed their jobs, foreclosures increased which made loan modifications the last best hope for keeping a home. If you tried lender negotiations by yourself you probably ran into a stone wall. Following are a few senerious on what you may have encounter. Please consult an attorney if.....
You may have been the victim of high-tech identity theft if your Social Security Number and credit report were used to legitimize and to showcase the quality of the pool…which was probably loaded with loans designed to fail.
You may be the victim of servicing fraud wherein the servicer falsely states that you haven’t insurance, didn’t pay your property taxes, or missed your payment, and then uses this to extract fees and penalties, and default the loan.
You may be the victim of servicing fraud if you were told that to be eligible for a modification you had to be behind in your payments and your credit was damaged as a result. Or, your home was foreclosed with no notice while you were supposedly awaiting approval of your modification.
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