Posts with tag foreclosure victims

Banks being sued for illegal foreclosure practices are preparing to launch a toll-free number meant to enable them to contact the practices' victims, The Wall Street Journal reports. The effort by the banks is a response to pressure from regulators who have ordered 14 lenders to revamp their foreclosure practices after... Continue Reading »

For Americans who lost their home to foreclosure, the real estate nightmare may not be over. In many states -- such as Florida, Illinois, New York, Texas, and Virginia, to name a few -- lenders have the legal right, known as a deficiency judgment, to go after borrowers who owe money on their foreclosed home. The lender... Continue Reading »