Comments on: The Transferring of Servicing Rights to Avoid Reviewing Complete Modification Applications https://4closurefraud.org/2017/03/08/the-transferring-of-servicing-rights-to-avoid-reviewing-complete-modification-applications/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Wed, 03 Dec 2025 17:37:35 +0000 hourly 1 https://wordpress.org/?v=7.0.2 By: Hammertime https://4closurefraud.org/2017/03/08/the-transferring-of-servicing-rights-to-avoid-reviewing-complete-modification-applications/#comment-714583 Thu, 09 Mar 2017 01:10:49 +0000 https://4closurefraud.org/?p=66069#comment-714583 In reply to Tennessee Victim.

There is a transfer rule with the CFPB that may apply. Servicers are also required to provide a transfer package and debt validation form.

]]> By: Laurie Grady https://4closurefraud.org/2017/03/08/the-transferring-of-servicing-rights-to-avoid-reviewing-complete-modification-applications/#comment-714582 Thu, 09 Mar 2017 01:07:24 +0000 https://4closurefraud.org/?p=66069#comment-714582 In reply to Tennessee Victim.

How about transferring services 5 in 11 y to avoid a breech. In contract. And Qwr validation?

]]> By: Tennessee Victim https://4closurefraud.org/2017/03/08/the-transferring-of-servicing-rights-to-avoid-reviewing-complete-modification-applications/#comment-714570 Wed, 08 Mar 2017 22:18:17 +0000 https://4closurefraud.org/?p=66069#comment-714570 I paid almost $3,000 to a loan originator who represented the actual loan holder to modify my mortgage and lower the interest rate. After I paid the full amount they modified the loan and lowered the interest rate although they did it with a ARM loan 5/30. After the modification, the rejected my first payment immediately transferred the loan to a new servicer who rejected the modification and called back payments accelerated. The originator who said his company owned the loan and he represented IMPAC, the loan holder, told me to skip a payment that I could have paid. I did this to pay his origination fee, which was double the payment amount. This was a ruse and outright misrepresentation and fraud. The new servicer said they did not have to recognize my new modification by the old servicer and the full past due was accelerated.
No one protects people from these intentional acts perpetrated by predator lenders to defraud and steal people’s homes.

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