THE JURY IS IN: Obama’s Foreclosure Program Run by Morons… and Trial Modifications are the Biggest Loan Mod Scam Ever
Wasn’t it fun this past weekend to read and hear the flurry of teaser stories that were all over the news media about how the Obama Administration was going to take some new type of very [...]
This is one of the most frequent and common questions we hear.
The answer is a qualified “Maybe”.
1. If the funds were borrowed by someone intending to occupy the property (owner occupant) to purchase the property [Purchase Money Mortgage] in the State of California, the answer is “No”. No for first lien holders, no for 2nd’s [...]
Continue reading about Can I be Sued For the Deficiency After a Short Sale or Foreclosure?
US Treasury Announcement of May 14, 2009 Details of MHA program update on Short Sales and Deeds in Lieu. Find the full text of the update at US Treasury Press Page
Foreclosure Alternatives and Home Price Decline Protection Incentives
1. Foreclosure Alternatives for Borrowers Eligible for MHA but Unable to Sustain a Modification: For eligible borrowers unable to retain their homes through a Home Affordable Modification, MHA will provide incentives to borrowers, servicers and investors to encourage short sales and deeds-in-lieu. Both allow families and servicers to avoid the costly foreclosure process, and to minimize the negative impact of foreclosures on borrowers, financial institutions and communities.
Continue reading about Treasury Announces New Foreclosure Alternatives Update to MHA Program
You’ve already reviewed the Options, and You’ve Decided to go for a Short Sale
So you’ve gone over all your options - your house is under water, and you can’t afford the payments anymore. You’ve already decided that you don’t want to try to restructure the loan or attempt a workout plan with the [...]
Continue reading about Top 5 Mistakes Agents Make When Listing a Home for Short Sale
We’re not going to beat around the bush here with lengthy introductions or that sort of thing; we are going to jump right in:
1. Waiting Too Long to Take Action
The number one most detrimental and dangerous mistake homeowners facing foreclosure make is to wait too long to take action. There is no [...]
Continue reading about Top 8 Mistakes Homeowners Facing Foreclosure Make
This is the text of the new California “Foreclosure Prevention Act” as enacted into Civil Code Section 2923.5 (2) to (6) as found in the California Civil Code.
Please note that we have included the very first line of the 2923 section for clarification that even when a borrower is in the process of being foreclosed [...]
Continue reading about New CA Law 90 Day Extension of Foreclosure Time Line & More
Santa Clara County - English, Spanish and Vietnamese Speaking HUD Counselors:
HUD Counselors in San Clara County & San Jose
Santa Cruz County English and Spanish Speaking HUD Counselors:
HUD Counselors in Santa Cruz
Continue reading about HUD Approved Housing Counselors in Santa Clara and Santa Cruz Counties
Mortgage lenders who were sloppy with important paperwork in the hey-day of the housing boom are now turning to questionable practices to clean up their mess so they can foreclose on homeowners. It all stems from the lenders inability to “produce the note” when they try to take someone’s home.
To get around the break-down [...]
Continue reading about Lenders Inability to “Produce the Note” Leads to Shady New Practice
Truth In Lending Laws in California - How They Do and Do Not Apply - That’s what you’ll learn in this video from a California Attorney. Turn up your volume though, it’s very soft for some reason…
Stop Foreclosure with the Truth in Lending Act
Worth watching even if it’s hard to hear. [...]
Continue reading about Truth In Lending & Foreclosure in California
In this interview of a Rhode Island Attorney using the produce the note strategy to successfully fight foreclosures for his clients, we will hear how it’s working in the courts and what you can do to help yourself.
Note that the legal documents which can assist you in the process are also located directly linked on [...]
