The National Consumer Law Center (NCLC) submitted these comments on behalf of its low-income clients and on behalf of the National Association of Consumer Advocates. NCLC believes that the existing model for servicer compensation is broken. Current servicer compensation is byzantine. The barriers to entry are high. And servicers are rewarded for bad behavior: servicers…
A new issue brief provides recommendations for states to help combat the rise in elder real estate fraud and financial exploitation.
Henderson et al. v. Vision Property Management, LLC et al., 4:20-cv-12649-SDK-DRG (E.D. Mich.) This class-action lawsuit against Vision Property Management, LLC and related entities alleges that Vision purchased approximately 1,000 dilapidated homes in Southeastern Michigan and then sold many of them at a huge markup to homebuyers under contracts that were structured to fail. Vision…
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A new issue brief provides recommendations for states to protect property owners from unnecessary tax foreclosures.
A new NCLC Digital Library article summarizes three important U.S. Department of Veterans Affairs and U.S. Department of Housing and Urban Development policy updates helping homeowners avoid foreclosure. • The VA’s implementation of the VA Servicing Purchase (VASP) program; • FHA’s announcement of the Payment Supplement option; and • HUD’s promulgation of a final rule…
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NCLC submitted this letter to the VA on behalf of thirty-one non-profit organizations urging VA to extend its foreclosure pause to December 31, 2024.
Read More about Joint Letter Urging Extension of VA Foreclosure Pause
