August 12, 2011

SB 414 Restricts Banks

Senate Bill No. 414 was introduced to address some of the consequences of the downturn in the current real estate market. Section 2 of the Bill […]
July 29, 2011

OCWEN Gets Creative With Loan Modifications

Underwater borrowers may have a new loan modification option, at least with Ocwen Financial Corporation.  Ocwen is expanding its SAM (Shared Appreciation Modification) Program, which allows […]
July 15, 2010

Avoid Foreclosure with a Deed-In-Lieu?

The latest question in the local real estate market seems to be about the Deed-In-Lieu of Foreclosure and how it can help.  A Deed-In-Lieu of Foreclosure […]
January 12, 2010

Strategic Default

Voluntary strategic defaults pose a new wave of defaults hitting the already battered housing market.  A strategic default is voluntary.  It occurs when the borrower decides […]