What are some legal defenses I can use against foreclosure?
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Obama Administration’s White Paper Proposes Phasing Out Fannie and Freddie
The Obama administration released its “white paper” outlining the winding down and replacement of Fannie Mae and Freddie Mac. The goal of the proposals is to decrease the government’s involvement in the mortgage industry. The first proposal presented by the administration would create a government backstop under a federal reinsurance model. In the second proposal […]
Technical Note: Optimize every page in your website
Depending on what visitors search for, different pages of a website can be the first page they see. Therefore, every page of a website should be optimized because they can all be possible entry points into that website for visitors. Below are a few criteria that all web pages should meet to increase their search […]
HOPE NOW Data Shows Increase in Loan Modifications in 2010
HOPE NOW, a group of mortgage servicers, investors, non-profit counselors, and mortgage insurers released its final 2010 numbers showing its members completed about 1.24 million loan modifications last year. During this same time, servicers also completed 512,712 Home Affordable Modification Program (HAMP) loan modifications. During December alone, approximately 100,000 loan modifications were completed. Faith Schwartz, […]
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 […]
Qualify for a mortgage with bankruptcy
Contrary to popular belief, acquiring a mortgage after filing for bankruptcy is not impossible. The Federal Housing Administration insures mortgages despite bankruptcy, with seasoning requirements. Time Frame Per the FHA Guidelines, a debtor must wait at least two years after a Chapter 7 or 13 is discharged before you can qualify for a mortgage. FHA […]
Tisha Black Chernine quoted in the RJ
BofA unit ordered to halt foreclosures By John G. Edwards A Nye County district judge has ordered ReconTrust Co., a unit of Bank of America Corp., to stop most of its foreclosures in Nevada, based on allegations made by a Pahrump woman. To read the full article, click here.
Distinct Nevada Laws Concerning Deeds of Trust & Foreclosure
Nevada requires that a deed of trust be used to secure a real estate loan. Although commonly referred to as a mortgage, a deed of trust has significant differences from a mortgage. In addition, states using deeds of trust differ among themselves in their requirements. All mortgages are two-party instruments between the lender and the borrower. […]
Casino Cheating Ring Convicted Jan. 2011
The Justice Department announced that they have convicted the last member of a criminal organization that cheated casinos across the United States. The “Tran Organization” crime ring hit casinos the Monte Carlo Resort and Casino and Palace Station in Las Vegas, as well as dozens of casinos in California, Louisiana and throughout the country. The […]