Mortgage Law Network
18 May 2009
Texas Attorney General Greg Abbott’s office filed for a Temporary Restraining Order against Excel Loss Mitigation Inc., United Servicing LLC, Bell Investments & Developments LLC and their key directors, David Bell and David Espy to stop...
16 May 2009
B You are way underwater. You can’t modify your mortgage in chapter 13. The Senate made sure of that when it voted down mortgage modifications in chapter 13. So you decide that you have to sell the house. But it has to be a short sale...
15 May 2009
As a foreclosure defense attorney representing hundreds of homeowners in Florida, I have read literally a thousand foreclosure complaints over the last few years. Most every one includes a lost note count. As previously discussed, the reality is...
14 May 2009
Today, one in five homes in America are worth less than their mortgage balances. Research shows that in many areas of the nation, formerly “real estate rich” people are drastically underwater. They have little incentive to keep paying...
14 May 2009
Almost every foreclosure complaint filed includes a “lost note count.” The plaintiff, which is usually a bank you never heard of in connection with your loan, is claiming that it had the original promissory note but lost it. This is a lie, and an...
13 May 2009
When the Senate voted against legislation which would allow mortgage modification in chapter 13, it gave a green light to mortgage foreclosures at a record pace. Now, the only people getting crammed-down are American Homeowners.
Related...
6 May 2009
On May 4, 2009, the South Carolina Supreme Court took the unusual step of issuing a temporary restraining order to stop foreclosure sales on mortgages owned by Fannie Mae or Freddie Mac, or that are otherwise eligible for modification under the Home...
5 May 2009
Victorville, CA saw the unthinkable when a mortgage bank not only foreclosed on new homes, but proceeded to demolish them rather than continue to let losses mount. Think about the families that could have enjoyed their lives here, the money wasted,...
5 May 2009
On Tuesday South Carolina’s highest court issued a court order to temporarily stop home foreclosure sales in the state so that homeowners have more time to take advantage of a new federal program to help them refinance their mortgage loans....
5 May 2009
A short sale (described by Illinois consumer attorney David Leibowitz) allows you to sell your home for less than you owe on it. Sounds great, but there may be tax consequences of a short sale. Most short sales involve two or more mortgages, though...
