FINAL REMINDER: PARTICIPATE IN THE NATIONAL MORTGAGE SETTLEMENT!

In February 2012, 49 state attorneys general, including Nevada’s AG, and the federal government announced a historic joint state-federal settlement with the country’s five largest mortgage servicers:   •Ally/GMAC •Bank of America •Citi •JPMorgan Chase •Wells Fargo   This is the largest consumer financial protection settlement in US history. The agreement settles state and federal investigations finding […]

Mortgage Settlement Deadline January 18

National Mortgage Settlement — You May Be Eligible for a Distribution Nevada’s Office of the Attorney General, Bureau of Consumer Protection, is contacting Nevada residents who are eligible to receive a portion of the settlement reached by Nevada with various mortgage servicers, including Bank of America, Wells Fargo, GMAC, Allied, and J.P. Morgan Chase.  If your […]

New Foreclosure Laws in California

  The California Department of Housing has released a memorandum detailing the laws that went into effect relating to lending servicers and foreclosure requirements. The 9 page memo is a brief outline of the mandates California lawmakers imposed as a result of the mortgage crisis, robo-signing and poor performance in borrowers services. California’s “Borrower’s Bill […]

$10 Billion Settlement Expected On Past Abuses In Home Loans

The Office of the Comptroller of Currency announced they are close to a $10 billion settlement with 14 banks related to the U.S. government’s efforts to hold lenders responsible for foreclosure abuses.  The announcement comes after just one month of secret talks between regulators and lenders.  Among the lenders included in the negotiations are JP Morgan […]

Fannie Mae Foreclosures Postponed

On Monday, Fannie Mae announced that it will suspend evictions on foreclosed residential units from December 19, 2012 until January 2, 2013. That does not mean that the foreclosures will not continue, but families living in their homes will not be removed until after the 2nd day of the new year. Fannie Mae representatives stated “the […]

Black & LoBello on AM720 KDWN

Click here to listen to the Legal Hour on KDWN AM720 from November 21st, 2012 in which Andras F. Babero, Esq., hosts special guest Robin Dickinson, publisher/owner of Construction Notebook.  Mr. Babero and Ms. Dickinson discuss the trends of construction industry in Las Vegas (3:40), bankruptcy trends in Las Vegas (6:50), how the construction industry helps businesses (9:40), […]

Extending The Mortgage Debt Relief Act

Attorney General’s from various states have sent the correspondence linked below, to the U.S. Senate and of the United States House of Representatives urging them extend the Mortgage Debt Relief Act.  The act is currently slated to expire on December 31, 2012.  Please read this letter and contact your State Representatives  to support this effort. Attorney General’s Letter […]

Black & LoBello on AM720 KDWN

Click here to listen to the Legal Hour on KDWN AM720 from November 14th, 2012 in which Managing Partner, Tisha Black Chernine, Esq., discusses the problems in the real estate market in Spain (1:15), mortgage deficiencies (3:00), how trusts protect assets (3:39)(23:40), Nevada Asset Protection Trusts (9:20), breach of rental agreements (15:00), benefits of rental insurance (21:26), the […]