Cliff's Notes…on Real Estate

INFO FOR HOMEOWNERS WITH CLOSED, BANKRUPT LENDERS AVAILABLE The Federal Trade Commission, which oversees consumer affairs, has produced a new Facts for Consumers publication created to assist homeowners whose mortgage lenders may have closed or gone bankrupt in the wake of the mortgage lending crisis. “How to Manage Your Mortgage if Your Lender Closes or Goes Bankrupt,” provides answers to important questions pertaining to loan servicing transfers; changes to escrow accounts; payment disputes, and more. To download a copy of the pamphlet, go directly to http://www.ftc.gov/opa/2007/12/bankrupt.shtm. To order a hard copy, write to the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Ave., N.W., Washington, DC, 20580.