Sentences with phrase «foreclosure relief company»
Never pay your mortgage payment to a third party foreclosure relief company on their promise that they will forward the mortgage onto the bank, or that they are holding onto the mortgage payments as a «strategy» to get the bank to agree to a loan modification.
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Assuming that the homeowner in question has an FHA loan, this situation may light a fire under mortgage lenders and loan servicing companies who've been slow to respond to homeowners» requests for assistance under FHA relief programs and other federal government programs providing help for homeowners facing foreclosure.
The issuance of the Rule followed numerous FTC and state enforcement actions against companies that claimed to be able to obtain from consumers» mortgage lenders or servicers a loan modification or other relief to avoid foreclosure.