Moratorium on Foreclosure Filings is Ending Soon

The federal government moratorium on foreclosure filings is going to end soon. It is scheduled to expire on January 31, 2021. I think it is going to be extended again for a few months. But don’t get fooled, no matter how long the federal foreclosure moratorium is extended, foreclosures are going to start right away…

Oh, the Damaging Games that Mortgage Servicers will Play…

Don’t get played. Mortgage servicers who are obligated to award CARES Act forbearance are facing what they perceive to be an existential crisis. If enough people demand their rights under the Act, the servicers will be faced with a MASSIVE annual hit because for the next year for everyone in forbearance the servicer has to…

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Use The CARES Act Forbearance To Protect Yourself & Home

I have been preaching for months about the crucial importance of obtaining CARES Act forbearance on your mortgage loan, if you are eligible. Here is the post explaining eligibility and how to obtain the forbearance under CARES. And here is a post from October explaining that if your mortgage is eligible for a forbearance, you…

Foreclosure Moratorium – December 2020 Update

So there is plenty of bad news these days, but we are starting to see some good news, right? Like the most recent news about the government foreclosure moratorium. On a personal note, we have a Covid exposure scare.  Our youngest son’s girlfriend came into contact with someone who tested (falsely) positive.  It took a…

Debt Collection: $14.5 Trillion Industry in 2019 and Growing

Debt Collection is $14.5 Trillion Industry as of 2019 and it’s growing. Laws protect consumers by regulating how businesses and consumers handle the credit and debit transaction business. That way both the company and the consumer get fair treatment. By understanding the laws, you are better able to protect yourself. For the consumer, laws work…

Debt Collection Rules Are Changing, Not for the Better

The debt collection industry is a huge deal. It is a multi-billion dollar industry and over 90% of consumers have to deal with at some point during their lifetimes. When the debt collectors violate those rules, they can cause havoc to people’s lives. The same violation also creates an opportunity for consumers to sue the…