From Charlip Law Group L.C. - Following the national mortgage crisis, numerous homeowner protection laws and regulatory rules were implemented at both the state and federal level with the aim of preventing service providers from exploiting homeowners facing difficulties. These regulations included measures to prohibit mortgage providers from engaging in dual tracking, which involves giving homeowners an inaccurate perception of their foreclosure status to their detriment. Although dual tracking is less widespread than it was previously, certain mortgage lenders may still engage in this practice. In 2015, Consumer Financial Protection Bureau investigators discovered cases in which mortgage servicers sent foreclosure notices to homeowners who had already received approval for modification.
https://charliplawgroup.com/false-hope-loan-modification-and-dual-tracking/
Charlip Law Group L.C.
999 Brickell Ave Ste. 840, Miami, FL 33131
(305) 354-9313
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