U.S. Homes Set to Lose $1.7 Trillion in Value During 2010
Homes in the United States are expected to lose more than $1.7 trillion in value during 2010, which is 63% more than the $1 trillion lost in 2009, according to recent analysis of the Zillow Real Estate Market Reports. To read the full article, click here.
Obama Administration Putting Pressure on Fannie and Freddie to Agree to Principal Reductions
The Obama administration is trying to convince Fannie Mae and Freddie Mac to join a program run by the Federal Housing Administration (FHA) that allows banks to hand over mortgages if the bank and investors agree to a write-down on the principal. The administration hopes that the participation of the mortgage giants would put additional […]
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.
LVRJ Article: Nevada attorney general sues BofA over trade practices
Attorney General Catherine Cortez Masto on Friday said her office filed a lawsuit against Bank of America, seeking a court order to stop the giant bank from continuing to use deceptive trade practices against homeowners. Click here to read the full article.
LVRJ Article: Judge halts capping of ‘super priority’ foreclosure liens
District Court Judge Susan Johnson on Thursday issued a temporary restraining order against enforcement of a state regulatory advisory opinion that caps the amount collection agencies may charge under “super priority” liens against homes in foreclosure. To read the full article click here.
Huffington Post Article: Tom Miller says, “We Will Put People In Jail” For Foreclosure Fraud
The leader of a nationwide investigation of foreclosure fraud told homeowners Tuesday that the probe will have some serious consequences for bankers. To read the full article click here.
Some Foreclosures and Evictions postponed for the holidays
Freddie Mac and Fannie Mae are postponing foreclosure evictions on mortgage loans they own or back from December 20th to January 3rd. Wells Fargo will freeze foreclosure sales for the holiday. The lender’s freeze will run the same two week period as that of Fannie Mae and Freddie Mac. It will only postpone sales of […]