Black & LoBello on AM720 KDWN
Listen to the Legal Hour on AM720 KDWN from October 23rd, 2013 in which Managing Partner, Tisha Black Chernine, Esq., discusses the JP Morgan Chase settlement (1:35)(10:05), real estate bid rigging scandals (5:10), the culture of credit (14:00), private vs institutional loans (20:00), selling loans (25:40) and property owned Nevada LLC (26:40). Click here to listen to the Legal Hour […]
Black & LoBello on AM720 KDWN
Listen to the Legal Hour on KDWN AM720 from March 13th, 2013 in which Managing Partner, Tisha Black Chernine, Esq., wrongful military foreclosures (2:05), the lawsuit against Standard & Poor’s (4:30), getting mortgage loans with bad credit (9:45), rebounding housing market (14:00), “as is” real estate sales (15:45), how AB 284 affects the housing market (21:00) and banning sugary […]
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 […]
Nationstar’s New Short Sale Requirements for Buyers
If a homeowner is “underwater” on the mortgage, meaning that the fair market value of the house does not equal the amount owed on the loan note, then the homeowner cannot sell the house through traditional means. A traditional sale recoups sufficient funds to pay off the amount owed to the homeowner’s mortgage company or […]
Nevada Probate Basics
What would happen to your assets if you died today? A proper estate plan can be the difference between an efficient, expeditious, and inexpensive distribution of your estate and an administration that takes years and costs tens of thousands of dollars. In Nevada, there are several mechanisms that can be implemented to avoid the expense […]
Carlos McDade teaches for CE, CLE credit at upcoming NBI Seminar
Carlos L. McDade, Esq. will teach a class entitled, “Stay on Top of Environmental Considerations” at the National Business Institute One-Day Seminar located at the Gold Coast Casino on October 13th. Attendees can qualify for up to 6 hours of CLE and 7 hours of Real Estate CE. For more information about the […]
Excuses We Use To Maintain Credit Card Debt
No matter how many credit cards you own, never keep a balance on any of them to avoid any and all finance charges. However, many people do not have the discipline to pay off their credit cards every month and fall into credit card debt. Who knew that such a little piece of plastic could […]
House Democrats Ask Fannie Mae to Suspend Lawsuits Against Underwater Borrowers
In a letter addressed to Treasury Secretary Timothy Geithner, several house Democrats requested that Fannie Mae suspend its new policy to bring deficiency judgment lawsuits against underwater homeowners who “strategically default” on their mortgages. The House Democrats state they are concerned about Fannie Mae’s new policy because it is “unclear why Fannie Mae is proposing […]
First-Time Homebuyer Credit
If you purchased a home in 2009, or the first four months of 2010 and are a first-time homebuyer or a long-time resident purchasing a new home, you may be eligible to claim the First-Time Homebuyer Credit. Here are five key factors to consider when claiming the tax credit: You must enter into a binding […]
Top 10 Bankruptcy Myths
Filing for bankruptcy hurts your credit for 10 years. Not True. Bankruptcy stays on your credit about 7 to 10 years. Although the bankruptcy will stay on your credit, you can start rebuilding your credit once your bankruptcy is discharged. Making current, full payments on debt is one way to start building your credit while […]