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Ditech Financial LLC (rebranded from “ditech Mortgage” and "Green Tree Servicing" in 2015) was a provider of home loan, loan servicing and refinance products to consumers and institutional partners in the U.S. [1]
This was financed through Green Tree Financial Corporation and its subsidiary, Green Tree Financial Corp.-Alabama. Randolph's Manufactured Home Retail Installment Contract and Security Agreement required that Randolph buy a specific type of insurance and that disputes about this provision would have to be settled by arbitration. [1]
[3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]
A foreclosure occurs when a lender takes control over a property from a borrower for failing to make timely payments. A foreclosure can damage your credit score and result in loss of property. As ...
A foreclosure stays on your credit report for up to seven years and will lower your credit score significantly, often by as many as 100 points, according to Equifax.. 2. Focus on improving your ...
Key takeaways. Foreclosure occurs when a homeowner stops paying their mortgage for an extended period — typically 120 days following the first missed payment.
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