Qualify for a mortgage with bankruptcy
Contrary to popular belief, acquiring a mortgage after filing for bankruptcy is not impossible. The Federal Housing Administration insures mortgages despite bankruptcy, with seasoning requirements. Time Frame Per the FHA Guidelines, a debtor must wait at least two years after a Chapter 7 or 13 is discharged before you can qualify for a mortgage. FHA […]
Tisha Black Chernine quoted in the RJ
BofA unit ordered to halt foreclosures By John G. Edwards A Nye County district judge has ordered ReconTrust Co., a unit of Bank of America Corp., to stop most of its foreclosures in Nevada, based on allegations made by a Pahrump woman. To read the full article, click here.
Distinct Nevada Laws Concerning Deeds of Trust & Foreclosure
Nevada requires that a deed of trust be used to secure a real estate loan. Although commonly referred to as a mortgage, a deed of trust has significant differences from a mortgage. In addition, states using deeds of trust differ among themselves in their requirements. All mortgages are two-party instruments between the lender and the borrower. […]
Change is coming to the Home Affordable Foreclosure Alternative Program
Pursuant to the new guidelines released December 28, 2010, servicers are expected to put into place the revised guidelines on or before February 1, 2011. As a part of the updated guidelines servicers are now required to complete and send a Short Sale Agreement (SSA) to the borrower within 30 calendar days from the date […]
Homeowners Given False Hope
Following the purchase of a property, whether it is your home or an investment, an owner would like to believe that the property will increase in value over time. The past few years have shown quite the opposite trend and most Nevadan’s are aware of the decrease in the value of their home or investment […]
Channel 13 Article: How Bank of America is deceiving Nevada homeowners
Contact 13 is learning more about the Attorney General’s lawsuit against Bank of America. Chief Investigator Darcy Spears has been exposing the bank’s misdeeds for half a year. To read the full article, click here.
Tisha Black Chernine talks to KKLZ
Click here to hear a clip from the KKLZ radio show in which Tisha Black Chernine, Esq., explains why banks stopped some foreclosure proceedings due to not being able to produce proper documentation.
Open Letter to U.S. Regulators Regarding National Loan Servicing Standards
Click here to read the open letter. Please contact us if you believe you have have been a victim of misapplied fees or have suffered from your loan servicer’s incompetence or foul play.
Testimony in the Hearing on the TARP Foreclosure Mitigation Program
Click here to read Katherine Porter’s testimony before the Congressional Oversight Panel at the Hearing on the TARP Foreclosure Mitigation Program in which she describes how the allegations of legal errors in the foreclosure process may impact the housing markets, the soundness of banks, and the overall financial markets.
Default Servicers, Foreclosure and the Securitization Debacle
On November 16, 2010, the Senate Committee on Banking Housing and Urban Affairs held a hearing on Mortgage Services and Foreclosure Practices which included, Bank of America, among other lending institutions, along with consumer advocates and academics. Coincidentally, the Congressional Oversight Panel has recently produced a 127-page report, “Examining the Consequences of Mortgage Irregularities for Financial […]