What is a Predatory Servicing?

Predatory Servicing is a term used to describe abusive, unfair, deceptive, or fraudulent mortgage servicing practices of some mortgage servicers during the mortgage servicing process.

The general accepted consensus is that predatory servicing exists wherever the Servicer is making money off the borrower in unscrupulous and often unknown fees. These fees can and will put the borrower on the road to foreclosure.

Think about this: The Banks are busy cleaning up the mess they made at your expense. Many people who are foreclosed upon were first lied to, their loan mods stalled, lost, or forgotten. While the Banks were busy seemingly mucking things up on your loan modification process, they were not missing a beat on your foreclosure.

What is a Predatory Foreclosure?
Potentially any type of foreclosure proceeding that is begun because of the actions of lenders in marking up your bill, suspending your payments, and then being able to start listing your payments as late.

Signs of Predatory Servicing

How Can You Find Out If You Have a Predatory Servicer?

• Contact a RockingHam Representative and ask them to conduct an interview with you to see if your Servicer is showing any signs of predatory lending!
• Request a Predatory Servicing Investigation.
• Any signs of Predatory Servicing will be revealed.

Proof of a Predatory Servicing Practices Can Often Reveal Evidence of Predatory Foreclosure

• If stopping foreclosure and saving your home are your goals, the evidence found during this investigation is often the missing link.

Rockingham Associates Gives You Ammunition

• With a Predatory Servcing Investigation we show the Bank that you have been a victim of illegal and unscrupulous practices
• We show the bank where they wronged you
• We use that ammunition to successfully negotiate your modified terms and save your home (or shortsell if that is your goal).
• You keep or shorstell your home, with your dignity restored, your pride returned, your finances in recovery!