NCLC joined with mortgage industry trade associations to urge VA to create a public process for commenting on their program to provide assistance to VA borrowers.
Read More about Joint Industry and Advocacy Letter to VA on Refund Program
The National Consumer Law Center urges the Bureau to modify the mortgage servicing rules in Regulation X, 12 C.F.R. Part 1024, to provide consistent, fair, and transparent protections to borrowers across the mortgage market. NCLC requests that the Bureau remove the HELOC exemption from Regulation X sub-part C; remove the reverse mortgage exemption from Regulation…
This letter asks HUD to expand eligibility requirements for the partial claim to borrowers who have quickly recovered from their hardship.
Read More about Joint Letter to HUD Regarding Partial Claim Eligibility
While millions of homeowners fell behind on mortgage payments and were at risk of losing their homes to mortgage foreclosures during the COVID-19 pandemic, many others were facing another foreclosure crisis- the loss of their homes due to property tax lien foreclosures. This strict and often rapid tax lien foreclosure process has created a lesser…
Homeowners who fall behind on their property taxes risk the swift loss of their homes through tax foreclosures if they cannot pay off the back taxes owed, plus any interest, fees, costs and penalties thathave accrued. The accumulated amounts needed to resolve the tax debt can be overwhelming and resultultimately in the loss of their…
Read More about Heirs Should Not Be Subject to Florida's Homestead Tax Exemption Penalty
States Can Take Steps to Prevent Property Tax Foreclosures and Preserve Homeownership and Transfer of Intergenerational Wealth BOSTON – A new report from the National Consumer Law Center (NCLC) looks at the unique issues heirs face when inheriting a home with an overdue property tax bill and the disproportionate impact on Black and Latino wealth…
