Predatory Servicing Practices are Causing Many to End up in Foreclosure

10.13.10 | Author: Jenny Davis | Posted in Loans, PR | No Comments »

Thousands of people are losing their homes to foreclosure or filing bankruptcy to prevent the loss of their home through foreclosure every month.  In fact, recent reports from industry insiders are claiming that there are more than 7,000 bankruptcies being filed each day, while some have projected that big banks like BofA and Wells Fargo [...]

Lenders Are Still Foreclosing in 27 States

10.11.10 | Author: Jenny Hillman | Posted in Business, PR | No Comments »

Over the past several days three of the major banks have released to the news that they have stalled foreclosures.  A closer look reveals that the lenders GMAC, Chase, and Bank of America have only stalled foreclosures for an estimated two to four week window in 23 states.  The 23 states are those which specifically [...]