Homeownership and Foreclosure

Introduction to Dual Tracking Dual tracking refers to a practice that occurs within the context of foreclosure prevention, particularly involving mortgage loans. It is a situation where a loan servicer simultaneously processes a borrower’s request for a loan modification or another form of loss mitigation while concurrently moving forward with the foreclosure process. In essence, … Read more

Introduction to Dual Tracking Dual tracking is a term used to describe a situation in which a mortgage lender pursues foreclosure proceedings against a homeowner who is simultaneously attempting to secure a loan modification. This practice can create significant complications for homeowners in Ohio, as it places them in a precarious position, where they are … Read more

Introduction to Dual Tracking Dual tracking refers to a situation that occurs during the foreclosure process where a lender simultaneously processes a homeowner’s application for a loan modification while also proceeding with foreclosure actions. This practice can create significant confusion and emotional distress for homeowners who are already grappling with financial difficulties. Homeowners often feel … Read more