Cliff's Notes...on Real Estate

Useful information YOU may use to help buy or sell SF Bay Homes in California. With a total of 39+ years of experience in real estate, I bring to the table what YOU want in your Realtor. Get a winning team in your corner when you sell or buy a home.

Thursday, December 27, 2007

Information for homeowners with closed, BK Lenders

INFO FOR HOMEOWNERS WITH CLOSED, BANKRUPT LENDERS AVAILABLE The Federal Trade Commission, which oversees consumer affairs, has produced a new Facts for Consumers publication created to assist homeowners whose mortgage lenders may have closed or gone bankrupt in the wake of the mortgage lending crisis. "How to Manage Your Mortgage if Your Lender Closes or Goes Bankrupt," provides answers to important questions pertaining to loan servicing transfers; changes to escrow accounts; payment disputes, and more. To download a copy of the pamphlet, go directly to http://www.ftc.gov/opa/2007/12/bankrupt.shtm. To order a hard copy, write to the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Ave., N.W., Washington, DC, 20580.

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