Not a day goes by that I do not hear a story from a Realtor, loan originator or consumer about a questionable if downrig
New Predatory Scam: Mortgage Litigation Services
January 10, 2011 by 27 Comments
The subprime lending industry barfed out hundreds if not thousands of loan originators in 2008 who had a taste of the si
The Morality of Walking Away
March 1, 2010 by 44 Comments
This is not legal advice. For legal advice, consult an attorney not a blog.
I came across this interesting article in
Subject: Need Your Help…Making Home Affordable Program
November 12, 2009 by 60 Comments
I get a lot of emails from people who are looking for some help with their mortgage needs from the articles I write here
FTC Considers Total Ban on Upfront Loan Modification Fees
September 17, 2009 by 198 Comments
It’s about time. I’ve been saying this is going to turn into a national crisis for a year now. From the APThe head of
Loan Mod Firms: Attorney “Backed” or Attorney Representation
July 19, 2009 by 14 Comments
A story today in the NY Times contains interviews with salespeople who worked for an attorney-backed loan modification firm in California that is now under state investigation for defrauding desperate homeowners. “Despite making promises of relief to homeowners desperate to keep their homes, FedMod and other profit making loan modification firms often fail to deliver, [...]
Everyone Does Not Qualify for a Loan Mod
July 14, 2009 by 20 Comments
Loan modification fever is here. Families all over the U.S. are struggling to make their mortgage payments and many are expressing frustration that their lender won’t modify their loan. Any of us could try to make a rational argument that a lender is better off modifying a mortgage loan instead of foreclosing but this is a simple [...]
Notice of Trustee Sales v. Trustee Deeds
July 1, 2009 by 28 Comments
Each month, Alan from Seattle Bubble religiously posts the Notice of Trustee Sale (NTS) numbers for King County. I’m very appreciative of his work because it saves me time each month so thanks again, Alan. Cruising SB last night, I found Alan’s numbers alarming for June: 1615 NTS were filed. Here are more numbers from Alan: King [...]
California Attorney General Demands All Loan Modification Firms Register with his Office and Post a 100K Bond
June 3, 2009 by 18 Comments
From the Orange County Attorney General’s Office: Oakland — Continuing his fight against scam artists who “prey on” vulnerable Californians, Attorney General Edmund G. Brown Jr. today issued a directive forcing foreclosure consultants to register with his office and post a $100,000 bond by July 1, 2009. Those who fail to do so will be [...]
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