The federal government is starting to take actions against “bad banks and servicers” for mismanaging and taking shortcuts in the foreclosure process. Special attention is being paid to Litton Loan and Ocwen Financial Corporation, who have handled numerous loans which went into foreclosure amidst suspicious circumstances following the housing crisis of 2008. The Mortgage Law Group, a nationwide consumer protection law firm with specialized expertise in this field, is currently helping homeowners investigate whether they have been wronged by these loan servicers.
“If your loan has been serviced by Litton Loan or Ocwen Financial Corporation, then The Mortgage Law Group can help,” said Colin Banyon, The Mortgage Law Group’s Foreclosure Defense Attorney.
The Federal Reserve recently sanctioned Goldman Sachs, forcing the investment banking giant to obtain a third-party review of foreclosure proceedings mishandled by its former Litton Loan Servicing subsidiary. The Mortgage Law Group can help investigate “whether your lender or servicer has attempted to wrongfully foreclose on your loan, has engaged in robo-signing, or has in anyway mishandled the foreclosure process,” said Banyon. “We are here to help you.”
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