
Homes threatened with foreclosures after hurricanes
Share
After hurricanes devastate communities, the last thing homeowners need is the threat of foreclosure looming over their heads. Unfortunately, this is the reality for many individuals whose homes were sold to another mortgage company in the aftermath of the natural disasters.
Lawyers are urging homeowners to remain calm and not succumb to the pressure from the new mortgage company, particularly Mr. Cooper's company Nationstar Mortgage LLC. This company has a history of failing to honor agreements made with homeowners, leading to legal battles and financial turmoil.
For those homeowners who are in the process of rebuilding their homes, the situation is even more dire. The new mortgage company may not honor the agreement to stop payments while the homeowners work on rebuilding, putting them at risk of losing their homes.
This isn't the first time that Nationstar Mortgage LLC has faced legal action for failing to honor the terms of mortgages transferred from other companies. Homeowners are left in a vulnerable position, unsure of their rights and facing the possibility of losing their homes.
It's crucial for homeowners to seek legal advice and understand their rights in these situations. By staying informed and taking action, individuals can protect their homes and hold mortgage companies accountable for their actions.