There is a new scam running around where someone calls you pretending to be from the IRS. Let me say this again: YOU CANNOT BE ARRESTED FOR NOT PAYING A DEBT. Also, the IRS will write to you and will…
Posts Tagged With: foreclosure
California Debt Blog: News on Foreclosures
I want to update on your some foreclosure news. First, Walt Gray in Sacramento at KCRA 3 News ran a story about a case of mine where we obtained an injunction preventing a sale of a house. The exciting news…
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: 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,…
California Debt Blog: Wa Mu Mistakenly Sells Woman’s House
It is amazing that this happens, but Washington Mutual (now Chase) mistakenly sold a woman’s house in Florida. NBC in Miami is reporting that the woman came home to the Sheriff throwing her family out of a house she just…
California Debt Blog: Facing Foreclosure? Ask Bank To ‘Produce The Note’
WCBS tv in New York ran a story on producing the note in mortgage foreclosure cases. Read and watch the story here. Key from the story: “The request to produce the note seems simple enough. But professor of law Katherine…
California Debt Blog: Did Countrywide give preferential loans?
Sen. Dodd and Sen. Conrad both received preferential loans from Countrywide, according to testimony in front of a Senate ethics committee. The AP is reporting that, not only did they receive preferential loans, but they knew about it. I don’t…
California Debt Blog: The Banks Trying to Limit Your Rights
I do not know the last time I posted and just gave you an article. But here goes from the New York Times: What is up with the banks and the rest of the financial industry? The people running this…