Obama to Veto Notary Bill
According to the latest developments, President Obama will pocket-veto a piece of legislation that critics say would make it easier for banks to process foreclosures and make it more difficult for borrowers to challenge foreclosure documentation. The bill in question, HR 3808, passed the Senate on September 27th by unanimous consent. The House passed the […]
Bill H.R. 3808 lets banks use notary as defense against litigation
Congress recently passed Bill H.R. 3808, the Interstate Recognition of Notarizations Act of 2010 which says anything a notary signs is true, is usable (like a driver’s license) in any state, and cannot be challenged. The banking industries may use this as an answer to litigation. However, the bill is now open for public comments […]
Brooklyn judge tosses bad foreclosure filings
With foreclosure filings growing by the month, some judges are holding banks and loan servicers’ feet to the fire to prove they “own” the mortgage and that they know what information is in the filing. Read more: http://bit.ly/cnrhfz
Fannie Mae’s new First Look program
As foreclosures increase, the nation’s largest mortgage financier has added 61,929 new REO properties to its inventory in the second quarter. In an effort to step up the unloading of these properties, FANNIE has created its First Look program. See, HomePath.com . The program is aimed at assisting owner-occupied purchasers and public entities with purchasing […]
1/3 of Americans Believe it is OK to Walk Away from Home
A survey by the Pew Research Center found that more than a third – 36 percent – of Americans believe the practice of “walking away” from their mortgage payments and their home is acceptable, at least under certain circumstances. Of the homeowners surveyed, 48 percent say the value of their home declined during the recession. […]
Real Estate Town Hall Meeting Official Flyer
Mark your calendars. This FREE Town Hall meeting hosted by Prudential Americana features experts from various fields related to the Real Estate market to answer YOUR questions. This meeting will be on September 25, 2010 at 10:00 AM located at Green Valley Ranch, Conference Room La Sirena IV. Please submit any questions you would like to have answered […]
Tisha Black quoted in the LV Sun
Walking away from a mortgage comes with risks Walking away from a mortgage you can afford won’t be the end of the story By Buck Wargo (contact) Friday, Sept. 3, 2010 | 2 a.m. The news is bad enough that three homeowners out of four in the Las Vegas Valley owe more on their houses than they’re worth. […]
Black & LoBello featured in RJ’s Business Section
BATTLING THROUGH BANKRUPTCY: Chapter 7 not final chapter Filing turns out to be ‘a relief’ for widow Life as Renne Fortier knew it changed in January 2009. Her husband, Mark, was diagnosed with CNS lymphoma, a brain tumor, while he was working in Hawaii. By March, he was gone and she was a 38-year-old widow […]
Real Estate Issues Addressed @ Town Hall Meeting
Don’t miss the upcoming Town Hall meeting in which Tisha Black, Esq., will address YOUR legal questions about the current Real Estate market. This meeting will be on September 25, 2010 at 10:00 AM located at Green Valley Ranch. Please submit any questions you would like to have answered at this very important meeting through […]
Negative Equity Refinance Program
Starting September 7, 2010, the Federal Housing Administration (FHA) will offer a new refinance program to qualifying underwater homeowners. To be able to participate in the program you must be current on your home loan, your credit score must be 500 or above, and the home must constitute your primary residence. Further, all lien holders […]
