Vericrest
Click here to read more about Vericrest. I have only modified one Vericrest loan, and that one was non-owner occupied and way underwater and with a sky high minimum variable rate. And so Vericrest...
View ArticleAurora, Bank of America, Citibank, Chase, MetLife, PNC, Sovereign, SunTrust,...
Independent Foreclosure Review to Provide $3.3 Billion in Payments, $5.2 Billion in Mortgage Assistance WASHINGTON–Ten mortgage servicing companies subject to enforcement actions for deficient...
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Consumer Financial Protection Bureau Guidelines
U.S. Consumer Watchdog to Issue Mortgage Rules By EDWARD WYATT Thanks to New York Times Published: January 10, 2013 WASHINGTON — Banks and other lenders will be prohibited from making home loans that...
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Zombie Titles
The latest foreclosure horror: the zombie title By Michelle Conlin Thanks to Reuters. COLUMBUS, Ohio | Thu Jan 10, 2013 1:58pm EST (Reuters) – Joseph Keller doesn’t expect he’ll live to see the end of...
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More Foreclosures Coming
Where is the housing market going in 2013? Thanks to CBS News (MoneyWatch) The housing market in 2013 stands on a precipice. While there is hope that the slow, but real, housing recovery that took...
View ArticlePro Bono Environmental Work
JAMES ROBERT DEAL ATTORNEY PLLC PO Box 2276, Lynnwood, Washington 98036-2276 Telephone 425-771-1110, Fax 425-776-8081 James@JamesRobertDeal.com February 15, 2013 Seattle Times Letters to the Editor PO...
View ArticleBanks Forgive Mostly Worthless Seconds
The Second-Mortgage Shell Game By ELIZABETH M. LYNCH Thanks to the New York Times IN January, federal regulators announced an $8.5 billion agreement with 10 mortgage servicers to settle claims of...
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Fannie and Freddie – No Principal Reductions
The reason foreclosures will continue By Paul McMorrow Thanks to the Boston Globe February 19, 2013 A year ago, 49 states and the federal government brought five of the country’s biggest banks to...
View ArticleBillionaires Buy Up Short Sales, Raise Rents
Billionaire Speculators’ Greed Makes Life Hard For Renters and Would-Be Homebuyers Wealthy real estate speculators are snapping up homes with the same zeal that created the housing market bubble....
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When Banks Do Wrong, Prosecute the Officers, Directors, Board
Big Banks: Modern version of The Untouchables or victims of individuals Posted by Kerri Ann Panchuk on March 12, 2013 10:13 AM Thanks to HousingWire.com. You may be of the camp that big banks cannot...
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Successful PNC Modification
PG and HG, husband and wife, own a view house in a good neighborhood in Tacoma. They owed around $495,000 on a home worth maybe around $450,000. It had been worth $750,000 before the Great Recession,...
View ArticleChase Modification – Principal Reduction
It took us over a year, but we worked out this modification for one of our favorite clients. The borrowers got an interest rate reduction from 5.0% to 2.0%, topping out at 3.5% after seven years....
View ArticleRenters’ Rights in Foreclosure`
Renters in Foreclosure: What Are Their Rights? Federal law gives important rights to tenants whose landlords have lost their properties through foreclosure. Renters and tenants are now being affected...
View ArticleBankruptcy Timing
Bankruptcy Timeline Posted on August 21, 2013 by Jonathan Mitchell Thanks to Attorney Jonathan T. Mitchell. Caution: This timeline does not include all bankruptcy events. It is a summary description...
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Low Modification Approval Rate
This post comes from Martin Andelman. The low approval rate on modifications Martin discusses is the main reason why you should hire an attorney to do your modification. Our success rate on...
View ArticleDeceptive Practices in Foreclosures
Deceptive Practices in Foreclosures Thanks to the New York Times September 13, 2013 In early 2012 when five big banks settled with state and federal officials over widespread foreclosure abuses,...
View ArticleNew HAMP Handbook Version 4.3
See the new HAMP Handbook version 4.3, released September 16, 2013.
View ArticleHow Long Before I Can File BK Again?
How Long Before I Can File Bankruptcy Again? There is no limit on the number of bankruptcy cases that one may file, nor on the time which must pass between filings. The only catch is that if...
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Condemn Underwater Mortgages – Martin Andelman
Carpe Domum! The Little City that Could: Richmond, California THANKS TO MARTIN ANDELMAN Come with me to the City of Richmond in Northern California. It’s a city that sits 16 miles northeast of San...
View ArticlePrincipal Reduction Modification
We just negotiated this excellent modification with Bank of America. The interest rate was reduced to 2.0%. The principal balance was reduced by $131,000.
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