Unfair Debt Collection Practices
BLACK & LOBELLO FILES FEDERAL COMPLAINT AGAINST CASHCALL, INC. AND WS FUNDING, LLC FOR UNFAIR DEBT COLLECTION PRACTICES Complaint against Cashcall, Inc. and WS Funding, LLC On August 9, 2013, Black & LoBello filed a federal complaint alleging Cashcall, Inc. and WS Funding, LLC engaged in violations of the Fair Debt Collection Practices Act (“FDCPA”) […]
Vlog answers questions about the document submission process
David Gorka, head of Black & LoBello’s Submission and Processing department, answers some common questions clients have regarding the document submission process when dealing with a short sale and the lenders involved.
New Nevada legislation to protect homeowners
Continuing update on new Nevada Legislation for homeowners. Did you know that banks, lenders, financial institutions and their employees cannot unreasonably delay a response to an offer for a sale in lieu of foreclosure sale on a residential property? A response that is not made within 90 days of the offer is presumptively unreasonable. Of […]
10 Warning Signs of Mortgage Modification and Foreclosure Rescue Scams
“Pay us $1,000 now, and we’ll save your home.” Fees that are thousands of dollars and are to be paid up front or in partial payments are a sign of potential fraud. Companies cannot collect fees until you have a written, acceptable offer from your lender or servicer and a written description of the key […]
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 foreclosure sale date, when the house is actually sold, the statute of limitations begins to run. The foreclosing lender must file a complaint in court within six months from […]
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 […]
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 value over time. The past few years have shown quite the opposite trend and most Nevadan’s are aware of the decrease in the value of their home or investment […]
Foreclosure Outlook 2011
The outlook for the New Year is grim if you own a home in Las Vegas and are not paying attention to your legal rights. Likely, you are one of the two-thirds of our valley’s property owners who are in an underwater position, most being more than 50%. Since property values are expected to drop […]
Default Servicers, Foreclosure and the Securitization Debacle
On November 16, 2010, the Senate Committee on Banking Housing and Urban Affairs held a hearing on Mortgage Services and Foreclosure Practices which included, Bank of America, among other lending institutions, along with consumer advocates and academics. Coincidentally, the Congressional Oversight Panel has recently produced a 127-page report, “Examining the Consequences of Mortgage Irregularities for Financial […]
LVRJ Article: Judge halts capping of ‘super priority’ foreclosure liens
District Court Judge Susan Johnson on Thursday issued a temporary restraining order against enforcement of a state regulatory advisory opinion that caps the amount collection agencies may charge under “super priority” liens against homes in foreclosure. To read the full article click here.