deficiency

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 22, 2011

AB 273 Limits Bank Collections

The purchase of a house is the largest purchase most people will ever make.  When hard times hit and a homeowner loses their house, the debt […]
April 18, 2011

Q&A About Foreclosure

Q: After a foreclosure sale of my home, if I still owe money on my loans, what can the lender do to me? A: After the […]
January 4, 2011

Homeowners Given False Hope

Following the purchase of a property, whether it is your home or an investment, an owner would like to believe that the property will increase in […]
December 20, 2010

Testimony in the Hearing on the TARP Foreclosure Mitigation Program

Click here to read Katherine Porter’s testimony before the Congressional Oversight Panel at the Hearing on the TARP Foreclosure Mitigation Program in which she describes how […]
November 29, 2010

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 […]
September 9, 2010

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 […]
July 16, 2010

New Foreclosure Numbers For 1st Half of 2010

Nearly 1.7 million homeowners received a foreclosure-related warning between January and June of this year. That translates to 1 in 78 U.S. homes.  It is projected […]
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 […]