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Vetstein Law Group: Inertia Is Not An Option: Superior Court Rules BofA Can’t Drag Heels On HAMP Loan Modification

By Richard D. Vetstein, ESQ First Reported Mass. Ruling On Home Affordable Modification Program Liability The fallout from the sub-prime and mortgage crisis continues in Massachusetts courts, and some judges are reacting in favor of sympathetic borrowers. In Parker v. Bank of America , ...

First Circuit Ruling in Foreclosure Litigation May Help Lenders Facing HAMP-Related Claims

By the Ballard Spahr LLP Mortgage Banking Group The law is well settled that borrowers do not have a direct right of action under the Home Affordable Modification Program (HAMP) against a lender that fails to offer a loan modification. A split of authority continues, however, on whether a lender...