March 19, 2012, 1:00 pm – 2:00 pm (E.D.T.)
Millions of homeowners have lost their homes and been subjected to unlawful conduct by mortgage servicing companies in the context of both judicial and non-judicial foreclosure proceedings around the country. All state attorneys general, except the Oklahoma Attorney General, recently announced that they agreed to a 26 billion dollar settlement with the five largest mortgage servicers. The settlement is intended to help millions of homeowners modify their loans, provide compensation to homeowners who lost their homes as a result of the unlawful conduct of servicers in the foreclosure process, and change the way in which these five major loan servicing companies service mortgage loans that are both current and in default. The final settlement will be a long, complex agreement that advocates for homeowners, lenders and government agencies will need to understand in order to represent their clients effectively both in and out of court. This one-hour briefing will give you the tools to digest the relevant portions of the settlement and to deploy that knowledge to effectively represent your clients.
Adam H. Cohen and Elizabeth M. Lynch, foreclosure prevention attorneys at MFY Legal Services, Inc. will discuss the impact of the 49 State Attorney Generals settlement with some the countries’ largest servicers.
Don’t miss this important Free Briefing!