National Mortgage Settlement is Finalized – The Details are The Key …from Ken Gross

At long last, the Settlement Agreements have been filed with the Court as to the $25 Billion Settlement. The settlement imposes new rules on the five major lenders, Bank of America, Chase, Wells Fargo, Citi and Ally/GMAC. The settlement contains specific procedures that must be followed in loan modification and foreclosure situations. If you are interested in reviewing the documents click on National Mortgage Settlement and you can review them.

In the days ahead, we will be posting what we see as the key points of the settlements  – from the standpoint of what we can do to improve the foreclosure, modification and short sale processes. Stay tuned. The battle has not been won – and the dollars are not as good as they should be or as big as the PR departments of our Government and the lenders claim. Nonetheless, the settlement does ad a new tool for Financial Crisis Management – and the key will be to know when it applies and how to make it work for those Americans who have sustained 40% drop in  property values through no fault of their own.

Ken Gross is an attorney with Thav Gross and host of The Financial Crisis Talk Center, a radio program that airs weekly at 10:00 AM on Saturday mornings on Talk Radio 1270 WXYT AM in the Metro Detroit Market (streaming at www.cbsdetroit.com).

Leave a Reply

Your email address will not be published. Required fields are marked *

* Copy This Password *

* Type Or Paste Password Here *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CONTACT US
221, Mount Olimpus, Rheasilvia, Mars,
Solar System, Milky Way Galaxy
+1 (999) 999-99-99
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3Lmdvb2dsZS5jb20vbWFwcy9lbWJlZD9wYj0hMW0xOCExbTEyITFtMyExZDYwNDQuMjc1NjM3NDU2ODA1ITJkLTczLjk4MzQ2MzY4MzI1MjA0ITNkNDAuNzU4OTkzNDExNDc4NTMhMm0zITFmMCEyZjAhM2YwITNtMiExaTEwMjQhMmk3NjghNGYxMy4xITNtMyExbTIhMXMweDAlM0EweDU1MTk0ZWM1YTFhZTA3MmUhMnNUaW1lcytTcXVhcmUhNWUwITNtMiExc2VuITJzITR2MTM5MjkwMTMxODQ2MSIgd2lkdGg9IjEwMCUiIGhlaWdodD0iMTAwJSIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6MCI+PC9pZnJhbWU+
Thank You. We will contact you as soon as possible.
Law and Reality
Your Analysis WIll Include:
A complete snapshot of your current debt and financial situation.
Suggestions with the best options to resolve your Credit Card debt, Tax debts and Business related debt.
Your Options for Mortgage Modification, Short Sale or what other solutions may be available to keep you in your home
If you qualify for Chapter 7, 11 or 13 Bankruptcy.
What other alternatives are available for resolving your debt.
Enter your email to Start and Receive Your Results from
the FREE Financial Analyzer

* we never share your e-mail with third parties.
×
Law and Reality
Your Analysis WIll Include:
A complete snapshot of your current debt and financial situation.
Suggestions with the best options to resolve your Credit Card debt, Tax debts and Business related debt.
Your Options for Mortgage Modification, Short Sale or what other solutions may be available to keep you in your home
If you qualify for Chapter 7, 11 or 13 Bankruptcy.
What other alternatives are available for resolving your debt.
Enter your email to Start and Receive Your Results from
the FREE Financial Analyzer

* we never share your e-mail with third parties.
FINANCIAL ANALYZER
  • A complete snapshot of your current debt and financial situation.

  • Suggestions with the best options to resolve your Credit Card debt, Tax debts and Business related debt.Your Options for Mortgage Modification, Short Sale or what other
  • solutions may be available to keep you in your home

  • If you qualify for Chapter 7, 11 or 13 Bankruptcy

  • What other alternatives are available for resolving your debt


Enter your email to Start and Receive Your Results from the FREE Financial Analyzer
Your Analysis Will Include

Enter your email to Start and Receive Your Results from the FREE Financial Analyzer
FINANCIAL
ANALYZER