Black & LoBello

August 12, 2010

The Chapter 7 Discharge

The goal of any bankruptcy proceeding is to obtain a discharge of debts.  A discharge releases the debtor from personal liability from most debts and prevents […]
August 11, 2010

Chapter 13 Bankruptcy Or Loan Modification?

Rarely does a loan modification include a principal reduction.  The typical loan modification only deals with the first mortgage and will only reduce the monthly payment, […]
August 9, 2010

FHA Program for Underwater Homeowners

Beginning September 7th, the Federal Housing Authority (FHA) will offer FHA-insured mortgages to qualifying borrowers who have a non-FHA mortgage.  To be eligible, the borrower must […]
August 6, 2010

Fannie Mae: Friend or Foe?

Fannie Mae has unleashed a new website purporting to give consumers a new opportunity to explore options regarding their home loans including, but not limited to, […]
July 29, 2010

Las Vegas Home Prices Continue To Fall

Unfortunately, Las Vegas home prices bucked the national trend by falling in May according to Standard & Poor’s monthly S&P/Case-Shiller Home Price Indices report.  Prices in […]
July 21, 2010

June HAMP Numbers Look Gloomy

The Treasury Department recently released figures that indicate approximately 91,000 borrowers dropped out of the Home Affordable Modification Program (HAMP) in June, putting the total number […]