http://www.brokencredit.com Credit Report, Mortgage Loan, Loan Modification, Short Sale, Foreclosure Thu, 11 Mar 2010 14:08:18 +0000 http://backend.userland.com/rss092 en I lost my Florida home to foreclosure 2/5/10.  On 3/8/10, I received a letter from "Real Time Resolutions" indicating they now have servicing rights to our mortgage loan with a payoff amount of $153,443.21.  Do I have any recourse? Milinda ------------- Hi Milinda, You’ve got the FDCPA, FCCPA, RESPA and other consumer laws that ... http://www.brokencredit.com/real-time-problems/ ProPublica - About 97,000 homeowners in the government’s mortgage modification program have been stuck in a trial period for over six months. Most of them, about 60,000, have their mortgages with a single mortgage servicer, JPMorgan Chase. Trial periods are designed to last only three months, after which mortgage servicers are ... http://www.brokencredit.com/loan-mod-limbo/ Housing Wire - In what it is calling a historic trend reversal, credit score provider FICO, is seeing more borrowers with a high credit score preferring to pay their monthly credit card bill over their mortgage. “We’re identifying lending industry situations in FICO Score Trends that to our knowledge have never ... http://www.brokencredit.com/consumers-paying-credit-cards-over-mortgages/ TampaBay.com - In 2008, Southwest Airlines flight attendant Kevin Parker slammed his shoulder so hard during severe turbulence that he was out of work for months. His lender, Bank of America, allowed him to skip payments on his St. Petersburg home for 90 days. But when Parker sought a permanent loan ... http://www.brokencredit.com/bank-of-america-loan-modifications/ The Bible is a complex book filled with difficult language and plenty of seemingly insignificant detail. This is because God has written it in a way that has enabled Him to hide a great deal of information from mankind until He decided it was time to open up our understanding. ... http://www.brokencredit.com/the-book-has-been-opened/ LATimes - Nineteen months ago, the recession took Bob Walker's job. Then, creditors lined up to take the three-bedroom hilltop home that the computer consultant shared with his wife, Stephanie, a playwright still looking for her first break. Avoiding the stigma and financial fallout of foreclosure became an obsession for the ... http://www.brokencredit.com/love-in-the-time-of-foreclosure/ HousingWire - A new rule adopted by the Florida Supreme Court would require lenders to explain “last minute” cancellations of foreclosure sales and request a rescheduling by the court. Before the New Year, the Florida Supreme Court adopted a foreclosure mediation program to reach out to borrowers facing foreclosure and possibly ... http://www.brokencredit.com/florida-foreclosure-procedures-cancelling-sale/ HousingWire - Modification rates picked up over December and January as servicers converted more trials into permanent modifications under the Home Affordable Modification Program (HAMP), according to a report from Barclays Capital. The US Treasury Department launched HAMP in March 2009 to allocate capped incentives to servicers for the modification of ... http://www.brokencredit.com/hamp-permanent-modifications-picking-up/ NYTimes - In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040. “People like me are beginning to feel like suckers,” Mr. Koellmann said. “Why not let ... http://www.brokencredit.com/jingle-mail/ Bloomberg - When John King stopped making payments on his home in Coral Gables, Florida, two years ago, he assumed the foreclosure ended his mortgage contract, he said. Last month, a Miami-Dade County court gave collectors permission to pursue him for $44,000 stemming from the default. King is among a rising ... http://www.brokencredit.com/deficiency-judgments/