I have been receiving a lot calls lately from people who want a loan modification. As you know, attorneys, and others in the business, can no longer charge an up front fee for a modification. This means that many homeowners…
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California Debt Blog: Good news for short sales
There is finally some good news in California for people trying to get a short sale approved. SB 306 puts in the following requirements: 1. A lender only has 21 days to approve a short sale once it receives a…
California Debt Blog: Homeowners still in trouble despite billions in bail out
The Sacramento Bee reported today that homeowners are still in trouble and still facing foreclosure. That is not news. The news? Billions have been given to the loan servicers and they are still not helping people. In fact, the Government…
Hiring the right attorney for you
I have seen quite a few emails lately about people needing an attorney in different locations. There are a few good ways to find an attorney: 1. Personal recommendation of friends or family. This is the best way to find…
California Debt Blog: Hiring the right attorney for you
I have seen quite a few emails lately about people needing an attorney in different locations. There are a few good ways to find an attorney: 1. Personal recommendation of friends or family. This is the best way to find…
FAQ: Why is my attorney taking so long for my kids?
Q: I was involved in a motor vehicle accident (car accident). I was injured and my children were injured. I settled my case with the attorney. But, my children’s case still isn’t settled. Why not? A: Settling cases for minors…
California Debt Blog: Credit Score Impact: Short Sale versus Foreclosure
People ask me about the difference between a short sale and a foreclosure as it impacts their credit score frequently. There are no hard and fast rules. It depends on your situation. However, here are some guidelines: A short sale…
California Debt Blog: Bank of America Won’t Deal with ACORN
Bad news for ACORN: Bank of America will not deal with them for loan modifications. Bank of America and 13 other lenders have been asked by Congress for details about their dealings with ACORN. Worse news for California homeowners: With…
California Debt Blog: News10 Story on Loan Modification Scams
I was interviewed by Dana Howard of News10 on loan modification scams. The story ran last night and can be seen here. You can read the text here. The moral of the story: do not pay anyone any money for…
California Debt Blog: The Foreclosure Rescue Mirage
Andy Kroll over at Mother Jones has written an excellent article on the foreclosure crisis. Key from the article: Industry experts are now questioning how many of the program’s estimated 235,000 modifications will actually benefit homeowners in the long term,…