Tag Archive | "Laws"
10 Ways to Delay a Foreclosure Sale
Once you receive the foreclosure sale notice, panic often sets in. You think you're going to lose your home no matter what and the sheriff's coming soon to put your family out on the street. These 10 strategies can help you delay the sale. Delaying the sale could...
Continue reading...5 Secrets to Getting Your Home Back After the Foreclosure Sale
Wednesday, May 5, 2010
Even after you lose your home at a foreclosure sale, you still have a couple ways you can get it back even after it has sold! And you have a few legal rights to be aware of as well. Find out your options before it's too late...
Continue reading...Plenty of Loopholes in New HAMP Writedown Plan
Tuesday, March 30, 2010
If you’re more than 15% underwater on your mortgage and are eligible for HAMP, you could benefit from changes that will hopefully motivate lenders to writedown more principal in more cases. The changes will require all servicers to consider an alternative modification approach which includes writedown of some principal for loans that are over 115 percent of the current value of the property (LTV).
Continue reading...Details of HAMP Forbearance for Unemployed Released
Monday, March 29, 2010
The administration released the details of their new Temporary Assistance for Unemployed Borrowers last week. Here are the highlights....
Continue reading...HAMP Trial Plan Fraud: What Can You Do?
Tuesday, March 9, 2010
Have you been offered a trial plan from your lender through HAMP? Did you complete all your trial plan payments but now your lender isn’t doing what you thought they agreed to do? What options do you have? Can you make them perform?
Continue reading...Produce the Note Campaign Produces Uncertainty for You
Monday, March 8, 2010
There’s been a lot of reports in the news and on foreclosure websites about the Produce the Note campaign. There havve been a few landmark cases where homeowners have been able to get their homes awarded to them by the court (and the mortgage nullified) because their lender couldn’t produce the actual deed of trust promissory note that proved they owned the mortgage. According to the OptionARM Lawyer Blog, there was a recent California court ruling on a case where the homeowner’s sole defense was that the lender couldn’t produce the note. Here’s a synopsis of what happened.
Continue reading...Continuing the Predatory Lending Fight
Wednesday, January 27, 2010
NACA’s campaign against Fleet focused national attention to the issue of predatory lending. NACA brought over 400 people to testify in front of the Senate banking committee and has been able to get banks such as Wells Fargo to reduce the customer payoffs by up to $20,000 because of Truth in Lending Violations...find out more at the site...
Continue reading...HOPE for Homeowners Changes
Monday, June 8, 2009
On May 20, 2009, President Obama signed Senate bill 896 into law. It has many provisions meant to help stem foreclosures and deal with several problems that have developed since the HOPE for Homeowners, Home Affordable Refinances, and Home Affordable Modifications have been implemented. Your new H4H mortgage will be no more than 90% of the new appraised value of your home with the lender essentially writing down your current mortgage to that amount. Yes...this is one of the few programs that actually allows principal forgiveness.
Continue reading...Obama Foreclosure Relief Plan Details
Wednesday, March 4, 2009
I'm still trying to make it through the 50+ pages of documents below to find the most valuable tidbits for you, but I wanted to post these links so you can begin your own research. I'll post more this afternoon...
Continue reading...Heading for Foreclosure?
Thursday, September 18, 2008
Have you had a hard time trying to keep your head above water? Perhaps you have been slipping on your mortgage payments. Have you been getting telephone calls from your lenders asking you to call them? If you think your home is headed for the foreclosure list, here are a few things you will want to do.
Continue reading...State Law Summary
Saturday, December 29, 2007
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The following summaries give some information on individual state foreclosure laws. Timelines will vary depending on specific circumstances and each situation. The timelines noted within are based on uncontested actions and assume no delays. They give the time for the sale, then the running totals for various procedures, until the end, when the longest time [...]
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- You've Been Turned Down for HAMP...Now What?
- Called on the Carpet for Denied Loan Mods – Is Wells Fargo the First of Many?
- HAMP Switches Gears…Away from Mods to “Avoiding Foreclosure”
- Plenty of Loopholes in New HAMP Writedown Plan
- Foreclosures Take 12 Months on Average
- Continuing the Predatory Lending Fight
- Net Present Value and Why It Matters to You
- Chase Plans Foreclosure Prevention Events
- Mortgage Modification Conversion Drive - Part 2
- HAMP Update – New Program Offers Borrowers Foreclosure Alternatives
- Todd Temaat: The bottom line is that once the home is sold, it'...
- Todd Temaat: First of all, just because the bank says you CAN s...
- Todd Temaat: I'd recommend going to your state attorney general...
- Jane Stewart: Dear Todd, We got behind on our mortgage and was ...
- D Weaver: I applied for the Home Modification program last m...
Wednesday, May 12, 2010
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