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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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The Ibanez Foreclosure Case


The Ibanez foreclosure case that was won in the state of Massachusetts has set the tone for how foreclosure proceedings will be handled going forward.   The Ibanez case showed that Wells Fargo did not have the right to foreclose on the homeowner due to not having the correct documentation to support foreclosing on the homeowner.  It is going to become mandatory nationwide that the lenders make sure to following proper protocol when foreclosing on homeowners. They will have to make sure that have the correct ownership of title before going forward. As well as making sure that all the paper work is correct.  Eventually, this issue will be corrected at the federal and state level.