Lawsuit accuses company of foreclosure rescue scam.

March 2nd, 2012 by Admin
Categories: News
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Bella Homes LLC, a real estate investment company, and its principals are being sued by the federal government and the state of Colorado for allegedly preying on homeowners in foreclosure. Bella Homes LLC, is a limited liability company organized in Delaware. According to the lawsuit, the company operates from the principals’ private residences in Arizona and Georgia, and maintains “virtual offices” in Atlanta and Scottsdale, Arizona. Read more here.

Tags: foreclosure, lawsuit, scam, short sale, underwater

Banks, regulators start massive review of foreclosures

November 3rd, 2011 by Admin
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Some people who lost their homes to a foreclosure system wrought with error and misconduct may now request their cases be independently reviewed and potentially may be compensated. Read more here.

Tags: distressed, foreclosed, foreclosures, REO, short sales, underwater

Fannie Mae & Freddie Mac loans eligible for refinance?

October 24th, 2011 by Admin
Categories: News
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HARP Refinance Program Expanded. Borrowers who are current on their home loans may be able to refinance for lower interest rates, even if they are seriously upside down. Read more here.

Tags: borrower, fannie mae, fha, freddie mac, refinance, underwater