The Senate is Looking into Foreclosure Fraud and How to Prevent It

Posted on August 9, 2011

Senator Patrick Leahy and Committee Member Richard Blumenthal are looking into “ongoing abuses and fraudulent practices by mortgage servicers are needlessly forcing foreclosures on families struggling to stay in their homes — slowing our economic recovery,” (Blumenthal). They are starting by requesting information from 11 leading mortgage services on the polices and practices that each company follows in regards to foreclosures.

In addition, they have introduced legislation to strengthen the tools available to the United States bankruptcy trustee to protect American homeowners from creditor fraud in bankruptcy court. Thus giving the trustees and bankruptcy courts more power to fight creditor fraud.

If you would like to learn more and/or receive assistance with foreclosure, Mortgage Audit, loan modification, bankruptcy or debt settlement, please contact us at (857) 244-1940 or fill out the form on the right.

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