photo credit: Rusty Clark
Almost daily laws are changing and programs are being created, from the Federal Government all the way down to local government agencies when it comes to distressed property owners who may have a claim against their lender due to unethical or criminal actions. In addition we are seeing new programs developed to aid homeowners who may qualify for mortgage relief assistance. There has been a lot of talk on the national level in regard to unethical behavior by some lenders who assisted home buyers at the peak of the market by loaning them money when they knew they could not qualify for the loan in a traditional manner. This whole arena will be debated for decades to come but in the meantime we as consumers must stay educated as well. Below is a link to the most frequently asked questions regarding the National Mortgage Settlement Program. Whether you are involved personally or not the information is good to know about.
http://oag.ca.gov/nationalmortgagesettlement/faqs#after
