Скачать или смотреть Government Ends Foreclosures Until 2022. No New Foreclosures at End of Forbearance

Many homeowners are afraid that the end of the forbearance they will not be able to pay their mortgage payment and they will go into foreclosure. Many fear applying for and being denied for a loan modification. Loan modifications are usually difficult to obtain and many times people are denied for loan modifications. There is a new proposed rule change that basically ends new foreclosures for all of 2021 and into 2022. No new foreclosures even if you are out of forbearance and defaulted on your mortgage. The new regulation also makes available new loan modification options without the need to submit documents. These no document mortgage modifications could help people save their homes from foreclosure. Attorney Diego G. Mendez, Esq. explains the changes to Regulation X and how you can benefit if you are in forbearance and imminent threat of foreclosure.

00:00 Introduction
01:30 Regulation X
02:42 New Foreclosure Protections
03:20 Pre-Foreclosure Review Period
05:00 No Document Loan Modification Requirement
07:15 Live Contact Requirement
09:07 Expansion of Covid-19 Definition
09:57 Closing Thoughts on New Foreclosure Protections