A fellow closing professional recently asked us: From: “lay professional” “Sent: Monday, March 12, 2012 11:57 AM To: cpittman@pittlaw.net Subject: Question for you : Charlie – what are the laws in regards to record and disperse of funds from a closing. I thought everyone had 48 hours to record and dissperse. See email below that…
How much help can Veterans and potential FHA refinancers expect from the latest program announced by President Obama at his recent (3-6-2012) press conference? For a good summary of the new program see an article in Bloomberg Business (http://www.washingtonpost.com/business/economy/obama-unveils-housing-initiatives-for-military-fha-families/2012/03/06/gIQAjW1mvR_story.html) “the administration has struck an agreement with various banks and lenders to conduct a review of…
Many of you have emailed us to ask for more information on the Fair Debt Collection Practices Act (FDCPA). A copy of this consumer legislation can be found at http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf. You can also use your web browser and get a shorter summary. One of the main problems with defending yourself against collection agents trying to…
So you did the noble thing, you avoided foreclosure, helped your lender and their investor avoid a catastrophic loss when you could no longer pay your mortgage, and salvaged a little better credit rating by short selling your house. Do not expect gratitude from your lender for helping them make lemonade out of a total…
