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 […]
Ally Stops Buying Mortgages in Massachusetts
Housingwire.com posts a story about how Ally Financial will no longer originate Massachusetts mortgages through its correspondent and wholesale lending channels in the wake of the attorney general lawsuit filed Thursday. To read the full article, click here.
DSNEWS.Com Reports on Falling Delinquencies
Data released by Lender Processing Services (LPS) Thursday shows mortgage delinquencies are continuing to decline, now nearly 30 percent below their January 2010 peak. Loans in the process of foreclosure, on the other hand, are steadily rising. LPS says foreclosure inventories reached an all-time high at the end of October, making up 4.29 percent of […]
Huffington Post Reports on Reporter George Knapp as Victim Of Foreclosure Fraud
Improper foreclosure practices are so widespread in Las Vegas that one reporter trying to expose them instead found he too was a victim of foreclosure fraud. Las Vegas foreclosure attorney Tisha Black told Knapp that nine out of 10 foreclosure filings aren’t done properly, jeopardizing the ownership status of the house in the future. To […]
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 Helps Ch 8 Reporter Discover He’s a Victim of Mortgage Fraud
One of the most insightful reports about the mortgage crisis gripping the nation, and especially Nevada, took an unexpected twist of irony when the leading reporter for the series found out that he himself was a victim of mortgage fraud. Channel 8 News Now has been airing “Desert Underwater” for the past two weeks with […]
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. […]
B&L on Channel 8 Desert Underwater: Foreclosure Bomb Hits Nevada
When the housing bubble burst, no community in America was harder hit than the Las Vegas valley. The foreclosure crisis became an unemployment crisis and the ripple effects are still expanding outward. How did it get this bad? And how have local residents tried to dig themselves out? The series will continue all this week […]
Tisha Black Chernine on Channel 8: Desert Underwater
Watch Tisha Black Chernine, Esq., Managing Partner of Black & LoBello on the Channel 8 week-long special titled, “Desert Underwater” at 5 PM and 11 PM. Las Vegas, used to decades of continuous building and growth, is now in the middle of an unprecedented housing crisis. With unemployment over 13 percent and thousands of homes […]
Black & LoBello On the Radio
Click here to listen to the Legal Hour on KDWN AM720 from November 7th, 2011. Christopher Phillips, Esq. hosts with guest lawyer Randy M. Creighton, Esq. who practices bankruptcy at the law firm Black & LoBello in Las Vegas, Nevada. Mr. Creighton and Mr. Phillips discuss how sudden increases in wealth may affect Chapter 13 bankruptcy, consequences of bankruptcy fraud, assets protected in a […]