Black & LoBello on the Radio
Click here to listen to the Legal Hour on KDWN AM720 from August 31st, 2011 in which Managing Partner, Tisha Black Chernine, Esq., discusses the Landlord/Tenant parking lot issues, mortgages sold to other lenders, bankruptcy issues, lender violations of consumer privacy rights, construction defect issues and estate planning to protect against creditors. Please tune in to AM720 KDWN’s […]
LPS Releases Dismal Mortgage Statistics
Lender Processing Services (LPS), the largest mortgage servicer in the United States, recently released its “Mortgage Monitor,” a comprehensive study of the status of U.S. mortgages/foreclosures. The study found the national average of delinquent mortgages at about 12.45%. In other words, nearly 4.1 Million loans are either delinquent or currently in foreclosure. The research further […]
FTC Cutting Back on MARS Rules Enforcement on Short Sale Agents
The Federal Trade Commission recently released a statement reporting that Real Estate agents “in good standing” will no longer have to abide by some MARS Disclosure requirements in assisting clients with short sales (the rules still apply to other transactions). The FTC will forebear enforcement only to real estate brokers (and agents under their direction […]
Black & LoBello on the Radio
Click here to listen to the Legal Hour on KDWN AM720 from August 24nd, 2011. Managing Partner, Tisha Black Chernine, Esq., discusses commercial leasing, the motivations of banks to foreclose, assets protected from creditors, exposure of co-signers on mortgage loans and statutory defective foreclosures. Please tune in to AM720 KDWN’s “Legal Hour,” everyday, from 9 AM to […]
Black & LoBello on the Radio
Click here to listen to the Legal Hour on KDWN AM720 from August 17th, 2011 in which managing partner, Tisha Black Chernine, Esq., discusses the latest real estate market scams, Tenant/Landlord best practices, property liens, Truth in Lending Act (TILA) and loan modifications. Please tune in to AM720 KDWN to hear Mrs. Black Chernine, Esq., on the […]
SB 414 Restricts Banks
Senate Bill No. 414 was introduced to address some of the consequences of the downturn in the current real estate market. Section 2 of the Bill was intended to prevent a bank from calling a commercial mortgage loan due if the borrower is not in default. That section was quickly eliminated by amendment from the […]
June 2011 Home Prices Nearly 7% Lower Than June 2010
Corelogic’s most recent home value report found that June 2011 US home values are an average of nearly 7% lower than those of June 2010. Nevada suffered the highest annual depreciation – an appalling 12.4% decrease in home prices since June 2010. Tisha Black Chernine, Esq.
Black & LoBello on the Radio
Click here to listen to a clip from the Legal Hour on KDWN AM720 in which Tisha Black-Chernine explains the trends in the Las Vegas real estate market of the past and present and what affects it today.
AB 373 Dissuades Property Destruction
As everyone in the valley is well aware, we have been hit by an unprecedented wave of foreclosures. The banks holding these notes have been completely unwilling to modify the principal of these loans. They have agreed to short sales and to loan modifications, but these processes are frustrating and time consuming at best. Unfortunately, […]
OCWEN Gets Creative With Loan Modifications
Underwater borrowers may have a new loan modification option, at least with Ocwen Financial Corporation. Ocwen is expanding its SAM (Shared Appreciation Modification) Program, which allows borrowers to modify their loans at a more realistic value – generally, about 95% of their current value. In return for the modification, the homeowners contract with Ocwen to […]