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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 […]

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 […]

Streamlined Modification Initiative

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 […]

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 […]