Stopping Foreclosure in California

Most homeowners believe the reason they’re behind on mortgage payments is important to their lender, but it is not.  Stopping foreclosure in California really has very little to do with why the homeowner stopped making payments.  It is much more about exercising legal rights, and working within the lenders guidelines to get the sale date […]

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 […]

Mortgage Robo Signing | Government Lawsuit Against Banks

Mortgage Robo Signing In 2010, it came as a terrible shock to learn that financial lenders, such as bank giants JP Morgan Chase, Bank of America and Wells Fargo, were submitting falsified, unverified or otherwise fraudulent foreclosure paperwork in court. Banks were routinely using affidavits signed by employees who either didn’t review the documentation as […]

Homeowner Costs: The Unspoken Reality of Hidden & Sunk Costs

Recently, we’ve talked a lot about the hard costs of owning a home. We’ve discussed the costs of borrowing money from the bank, interest rates, mortgages, second mortgages, and the varying value of your investment as the housing market declines and recovers. When faced with the unfortunate prospect of foreclosure, these hard costs are often […]

California: The State of the Housing Market

The end of summer has brought some relatively good news to the housing market. Data shows that home prices are starting to increase, improving conditions for underwater borrowers who owe more on their homes than these properties are worth. CoreLogic estimates that many underwater borrowers have homes that are worth only about 5% less than […]

HOEPA and Truth in Lending Laws

Mortgage loan paperwork can be more than confusing. Even the most fastidious among us may misunderstand or miss an important loan term. There is APR to consider, possible balloon payments, regular payments owed, maximum payments allowed, variable rates, and the list goes on. These details must be legally disclosed in documentation three days prior to […]