In December 2013 the Federal Consumer Protection Bureau, District of Columbia, and 49 of 50 states reached an agreement with Ocwen Loan Servicing that requires Ocwen to provide $2.1 billion in relief to struggling homeowners. The agreement is still … [Read more...]
If You Owe Money on Your Home, Do You Really Own It?
If you are like most people, when you buy a home, you finance most of the purchase with money borrowed from a bank, mortgage company, or other lender. When you do, the lender secures their loan to you through a mortgage. Does this mean that the bank … [Read more...]