Vondran Legal Hour

AttorneySteve

HUD is Pissed - Welcome to the Club Boys!

by AttorneySteve

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New article is moving around the Internet.  HUD is upset on all the defaulted loans and deficiency claims.  Welcome to foreclosure gate boys.  From the stuff I have read, the regulators want to "leverage the routine violations" (you mean fraud and forgery) and try to convert that into cash.   As the song goes "all around the world same song....its the same old song."  Good.  But what does that mean for struggling homeowners steered into non-traditional mortgage products designed to fail?  Nothing - its the same old song.

Tags:
foreclosuregate,
wrongful,
lispendens,
lawsuit,
lender
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