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 […]
Black & LoBello on AM720 KDWN
Click here to listen to the Legal Hour on KDWN AM720 from August 1st, 2012 in which Managing Partner, Tisha Black Chernine, Esq., discusses her debate with Laurie Anne Maggiano of the US Treasury Department regarding strategic defaulters (2:45), modification solution fatigue (5:40), the difficulty of defining financial hardship (6:20), Bank of America’s principal reduction programs (7:50), LIBOR rigging scandal (11:00), right […]
Black & LoBello on the Radio
Click here to listen to the Legal Hour on KDWN AM720 from March 21st, 2012 in which Managing Partner, Tisha Black Chernine, Esq., hosts special guest, Mark Baker from Sierra Pacific Mortgage. Ms. Black Chernine and Mr. Baker discuss what the HARP program does and how it can help people (1:50), the limits to the HARP (12:45), the pros and cons of strategic default vs. […]
Report Indicates Nevadans are “Walking Away” From Distressed Properties
The Nevada Association of Realtors (hereinafter “NVAR”) recently released a report entitled “Face of Foreclosure.” This report paints a rather grim picture. It reports that more than 20% of Nevada homeowners have strategically defaulted and allowed a foreclosure to occur rather than pursuing other alternatives. The NVAR report explored the reason that people went to […]
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 […]
Foreclosure Outlook 2011
The outlook for the New Year is grim if you own a home in Las Vegas and are not paying attention to your legal rights. Likely, you are one of the two-thirds of our valley’s property owners who are in an underwater position, most being more than 50%. Since property values are expected to drop […]
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.
Foreclosure – Will it affect your security clearance and therefore your livelihood?
There are approximately 850,000 Americans with top secret security clearance and hundreds of thousands of others who have varying degrees of clearance as the result of government, quasi-government or contract employment. In order to obtain security clearance, one’s credit score and financial stability are considered by an administrative board. These clearances are renewed several times, […]