Thanks for visiting UCAN.org! For over 25 years, UCAN has been protecting, educating, and advocating for consumers through a small staff of dedicated consumer advocates. Our services are available because of grassroots donations from people like you. Please help us continue our work with a donation of any amount on our secure donation page.
Mortgage Relief Program and Consumer Protection: Are you being fairly treated?
Mortgage Relief Program and Consumer Protection: Are you being fairly treated?
First, health care? Now, consumer protection for homeowners? What in the "Homestead Act" is going on in our country?
The Federal Government is considering additional protections to ensure homeowners are treated fairly and consistently under its mortgage relief program.
Some lenders, for example, continue foreclosure proceedings while evaluating a borrower for help. Under the new policies, mortgage companies would have to stop all legal action once a borrower enrolls in the mortgage relief program.
The $75 billion program is designed to lower borrowers' monthly payments by reducing mortgage rates to as low as 2 percent for five years and extending loan terms to as long as 40 years. Apparently, home ownership is the cornerstone of our great country, just ask the Sooners.
You can read more on the issue below:
http://www.signonsandiego.com/news/2010/feb/22/govt-to-add-consumer-protections-to-mortgage-plan/
Though UCAN usually deals with Utility complaints, if you have any questions you may file a complaint with UCAN or call the Fraud Squad at 619-696-6966.
Money & Privacy Foreclosure -
Post to Twitter
Like what you see? Go ahead and show your support! UCAN is a truly independent non-profit watchdog organization, dependent on grassroots donations like yours!
Utility Consumers' Action Network - (619) 696-6966
Terms and Conditions
UCAN.org is made available by the Utility Consumers' Action Network to assist you in becoming what you always knew you could be: a consumer ROCK STAR! We take no corporate money, and are beholden only to you, the consumer. As such, the site is here for educational, advocacy, and empowerment purposes, as well to to give you general information and a general understanding of the law. Just remember this site is NOT here to provide specific legal advice. By using this web site you of course understand that there is no attorney-client relationship between you and the Web Site publisher, UCAN. The Web Site should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
That said, get to digging on the site, inform yourself, speak your mind, and earn Watchdog Bones! This is YOUR site, and we mean it. So comment on any of the content, discuss the latest issues in the forums, file a complaint on a company with the Fraud Squad, and generally cut loose.
See our Terms of Use, Privacy, and Copyright complaint policies as well as our Content Reuse Policy, Some Rights Reserved. Remember, if you have any questions about copyright law or need legal information regarding intellectual property, the internet, or new technologies, visit our affiliate New Media Rights at www.newmediarights.org. If you are in the San Diego region, you can also can apply to use New Media Rights' multimedia studio and equipment for free.
Post new comment