The Multi-State Settlement Part 1 of 3: What Has Happened
Wall Street knew all of the mortgages were bad when they created or bought and sold them. Furthermore, they knew the warranties of quality they made regarding the caliber of the loans, whether to the certificate purchasers of the Residential Mortgage Backed Securities (“RMBS”) pools or the Government Sponsored Entities (“GSE”), were meaningless when they […]
Nevada at the Forefront
Nevada may be leading the fight to bring banks to task for their role in the current mortgage crisis. However, since so many people do not fully understand the facts, this fight will probably be hard fought until more people and states come on board. There has been so much bank chicanery it seems just […]
Legislative Causes of the Foreclosure Crisis
One of the major causes of the current foreclosure crisis is related to the history of the banking industry and how it has changed over time. At one point in time, there was a difference between investment, home lending, and commercial banking. The investment banks, like Goldman Sachs or the now-defunct Lehman Brothers, activities were […]
Black & LoBello on AM720 KDWN
Click here to listen to the Legal Hour on KDWN AM720 from December 19th, 2011 in which Andras F. Babero, Esq., discusses the changes of the banking industry (4:00), how AB 284 effects the foreclosure process (15:05), the different types of foreclosure processes and how they work (17:11), commercial property problems in the foreclosure crisis (24:25), who […]
FHA Extends Waiver of Anti-Flipping Regulations Through 2012
In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Acting Federal Housing Administration (FHA) Commissioner Carol J. Galante will extend FHA’s temporary waiver of the anti-flipping regulations. With certain exceptions, FHA regulations prohibit insuring a mortgage on a home owned by the seller for less than 90 […]
Black & LoBello on AM720 KDWN
Click here to listen to the Legal Hour on KDWN AM720 from November 16th, 2011 in which Managing Partner, Tisha Black Chernine, Esq., discusses her contribution to Channel 8’s Desert Underwater series and talks with Chief Investigative Reporter, George Knapp, about the effects of the Real Estate crisis on the Las Vegas valley. Assemblyman Marcus L. Conklin also makes a guest appearance […]
Tisha Black Chernine on Ch 8 Desert Underwater: Who Owns Your Home?
The foreclosure crisis has several causes, but government investigators now believe that high risk gambling by major banks is mostly to blame for the economic meltdown. Millions of Americans who played by the rules and paid their bills have lost their homes because banks and their service providers cranked out mountains of bogus mortgage documents. […]
President Obama Announces Improvements to HARP
The Obama Administration, by way of the Federal Housing Finance Agency (FHFA), announced a major upgrade to the Making Homes Affordable Refinance Program (HARP). This program is designed to help homeowners who owe more on their mortgage than the home is worth, so-called “underwater” mortgages. Homeowners of underwater homes cannot refinance their loans because lenders […]
President Obama Announces New Plan to Help Struggling Homeowners
On October 24th, 2011 President Obama announced a new plan to help homeowners who owe more on their mortgage than their house is worth. The President announced his plan while visiting us here in Las Vegas, which is the “most fun city in the world” and “foreclosure capital” of the world at the same time. […]
Black & LoBello on the Radio
Click here to listen to the Legal Hour on KDWN AM720 from October 19th, 2011 in which Managing Partner, Tisha Black Chernine, Esq., discusses chain of title problems, how to stop a foreclosure, 1099 tax forms, how AB 273 helps short sellers against creditors, renting a pre short sell property and issues with notary fraud. Please tune in to […]