California Foreclosures on the Decline, Surge in Nevada

For the 21st consecutive month foreclosure activity has declined in California, according the RealtyTrac, the research firm which keeps track of such data. Overall foreclosures are down 62% from a year ago, which put California 12th nationally in foreclosure activity. California had been one of the top foreclosure states since 2008, but has now fallen […]

Foreclosure While Current on Loan Modification Payments

After falling behind on mortgage payments, an Altadena family was relieved to have their lender, Ocwen Financial Corporation, agree to a loan modification allowing them to keep their home, or so they thought. The family had worked hard to submit all necessary documents and information to their lender and were eager to accept the loan […]

Streamlined Modification Initiative

California Real Estate

Struggling borrowers should be on the look-out for relief in the mail.  Under the new Streamlined Modification Initiative offered through the Federal Housing Finance Agency, mortgage servicers must (you read that correctly MUST)  now offer borrowers who are 3 to 24 months delinquent a plan to help avoid foreclosure….a little vague, but we’ll take it. […]

Does Your Foreclosure Qualify for Review?

We have good news to report for Americans who lost their homes due to foreclosure between January 1, 2009 and December 31, 2010. Federal authorities have launched a nationwide review of all foreclosures that occurred during this time period. This is one of the largest reviews of this nature launched the government. Homeowners are eligible […]

Current Events: Bank of America & Home Loans

The government continues to crack down on mortgage schemes today with news breaking that federal prosecutors have sued Bank of America, accusing the massive lender of carrying out a fraudulent home loan program. During the financial crisis, prosecutors say that BOA deceived the government by selling poor loans, without revealing the quality of the loans, […]

Homeowners Bill of Rights | January 2013

As we get closer to January 2013 when California’s new Homeowner Bill of Rights will take effect, we want to make sure you understand your rights and are prepared to take advantage of the benefits. It’s a monumental change to the foreclosure process; California is the first to enact homeowner protections like these at the state […]