Shortsalenurse's HAFA Blog

August 31, 2012

Mortgage Settlement Report, Are the Banks Doing this for YOU?

Filed under: Uncategorized — shortsalenurse @ 9:34 pm

As many of you know there was a settlement with the major lenders that was inspired by ROBO Signing.   As part of this agreement the Banks were  to develop a more streamline process for mortgage servicing.  (Bill Collection on Real Estate)  This is not a required version of the report rather, it is the warm up to the report required by the Attorney General of the United States.  The official report is required to be presented to a Federal Judge in the first quarter of 2013.  Few people will even know that this exists and fewer still will read it, but there are “Jewels” in this which can aid ” short sale professionals” tell some Bank Employees what their CEO’S agreed to.

CLICK ON THE LINK BELOW FOR THE REPORT

AG Settlement Monitor’s First Progress Report August 2012

George Kenner, Broker Associate

Keller Williams Realty – Chula Vista, Ca. 

Lic. 01229951-  Phone 619-723-5714  e mail.    G.kenner@yahoo.com

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