Thursday, April 11, 2019

Latest & Greatest – Mortgage Servicing and Loan Modifications and Home Foreclosures

Originally published by Lori-Ann Craig.

 

By John Rao, et al. Published by National Consumer Law Center KF 697 .R3 M63 2019

 

By John Rao, et al.

Published by National Consumer Law Center

KF 697 .R3 M63 2019

National Consumer Law Center (NCLC) publishes a series of legal treatises designed to address and explain consumer law issues. Their target audience are those who have limited income and limited access to justice. The treatises cover areas of consumer concerns, such as debtor rights, mortgages and foreclosures, credit and banking, deception and warranties, and consumer litigation.  As part of its consumer credit and sales legal practice series, NCLC has published Mortgage Servicing and Loan Modifications. Originally part of NCLC’s Foreclosures and Mortgage Servicing*, this book has expanded coverage of the business of mortgage servicing as well as mortgage loss mitigation alternatives for borrowers who are having difficulty making their payments. The treatise begins with an introduction to the mortgage market and the entities involved in the mortgage process, including mortgage servicers, before moving on to a discussion of common mortgage servicing problems and servicing requirements and claims under federal and state law. The next section of the treatise focuses upon loss mitigation and loan modifications. In this section, the reader will find a discussion of loss mitigation options for various types of loans and the result of failing to handle such loss mitigation properly. Lastly, the authors address considerations attendant to litigating mortgage servicing claims.

 

By Geoff Walsh et al. Published by National Consumer Law Center KF 697 .R3 F6 2019

 

By Geoff Walsh et al.

Published by National Consumer Law Center

KF 697 .R3 F6 2019

Another new treatise from NCLC is Home Foreclosures, and it features a lot of the same material originally found in Foreclosures and Mortgage Servicing but with more in-depth discussion. From analyzing and defending a foreclosure case to handling issues arising from a foreclosure sale, the authors provide readers with practical information regarding this challenging and stressful process. The authors address the foreclosure of traditional homes as well as manufactured homes and condominiums as well as foreclosures involving Fannie Mae, Freddie Mac, government-insured loans and mortgages, and reverse mortgages. Foreclosures comprise an area that is a target for deceptive practices, and in this regard, the authors include an explanation of foreclosure rescue and loan modification scams, steps to fight these scams, and legal theories that can be used to attack such scams. In the appendices, you can find pertinent state and federal statutes.

Visit the Law Library to have a look at these and other volumes in our NCLC collection. These resources can also be accessed via the NCLC databases available on our Law Library research computers.

*Note that Mortgage Servicing and Loan Modifications and Home Foreclosures supersede and replace the prior Foreclosures and Mortgage Servicing.

Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.



from Texas Bar Today http://bit.ly/2P3JxKh
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