The Hallmark Abstract Sentinel

Hallmark Abstract Service: We've Never Been To A Closing Where The Title Wasn't Cleared!

mortgage servicers

Homeowners, banks and second mortgages!

Is there a loophole in the federal settlement with mortgage servicers that could spell trouble for the lenders holding second mortgages in distressed property? An article from The New York Times titled ‘The Second-Mortgage Shell Game‘ talks about the problem: “IN January, federal regulators announced an $8.5 billionĀ agreement with 10 mortgage servicers to settle claims of foreclosure abuses, including bungled loan modifications and the wrongful evictions of borrowers who were […]

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The loan modification/foreclosure debate

The loan modification/foreclosure debate

To modify or foreclose? That is the lenders question! Is it better for a lender to modify or to foreclose on a delinquent borrower? We’ve all heard the argument over whether it pays for a lender to modify the loan of an in-trouble borrower (regardless of what they are supposed to do). Does the borrower more often than not fall behind under the modified terms and re-default? This chart from […]

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