Category: Mortgage Litigation

New Legislation in California: Homeowners Rights

This week marked a big legislative win for California homeowners. We’re celebrating it, and we’re here to help consumers understand its implications. Most importantly, the new California Homeowner Bill of Rights increases bank transparency and accountability, recalibrating the locus of control relating to foreclosures. In the past, Californians who contacted their banks were passed from […]

Facebook and Real Estate

Facebook’s recent IPO may be one of the best case studies of real estate market dynamics and seller psychology that we’ve seen in a long time. It was hard to miss the anticipation, media hype, and fanfare that preceded the event. Wall Street, journalists and investors alike made countless predictions about the fate of the […]

Second Mortgage Settlements: How to Settle a Second Mortgage

You may have been one of those to receive an “offer letter” to settle your second mortgage recently. These typically go out to homeowners when they are substantially behind on payments (over 6 months). Alternatively, you may just be curious to know if your second mortgage can be settled for a lump sum, as so […]

The Importance of a Forensic Mortgage Audit Before Litigation

It has become popular recently for companies to offer homeowners a “forensic loan audit” of their mortgage origination documents for a substantial fee. The way it is marketed represents to homeowners, upon presenting their lender with these “audit” results, the lender will immediately succumb to their mistakes and give the homeowner a favorable modification, principal […]

Foreclosure Following a Temporary Loan Modification | Trial Loan Modification | Mortgage Litigation

It is, unfortunately, very common for lenders to simply foreclose at the conclusion of a temporary loan modification (trial loan modification), or worse, during the trial loan modification or temporary loan modification…while payments are current. With lenders having greater bargaining power and resources, they frequently roll over homeowners leaving borrowers with little recourse other than […]

Drop in Mortgage Rates Leads to More Home Refinancing Loans

A new survey recently released by Freddie Mac, the nation’s second-largest mortgage finance company, shows 30-year mortgage rates have plummeted to new, all-time lows. “With mortgage rates falling to historic lows, refinance activity has been strong over the past three months,” said Freddie Mac Vice President and Chief Economist, Frank Nothaft. There’s no question these […]