Black & LoBello on AM720 KDWN
Listen to the Legal Hour on AM720 KDWN from February 5th, 2014 in which Managing Partner, Tisha Black Chernine, Esq., and Mark Stark, CEO of Prudential Americana, discuss the current Nevada real estate market (2:00)(11:00), improvements in the real estate market (6:45), Nevada’s job market (13:00), small businesses in Nevada (15:30), evaluating different HOAs (16:45), challenging HOA policy (20:15) […]
Black & LoBello on AM720 KDWN
Click here to listen to the Legal Hour on KDWN AM720 from September 5th, 2012 in which Managing Partner, Tisha Black Chernine, Esq., hosts special guest and community bankers Eric Colvin of Meadows Bank and John Sullivan with First Security Bank. Mrs. Black Chernine, Mr. Colvin and Mr. Sullivan discuss the differences between the big banks from community banks (2:10), […]
Black & LoBello on the Radio
Click here to listen to the Legal Hour on KDWN AM720 from October 12th, 2011 in which Managing Partner, Tisha Black Chernine, Esq., discusses how to deal with banks on the phone, loan modification, the fears associated with deficiency judgment, the purpose of mortgage insurance, construction defect issues on a short sale, landlords and underwater rental properties. Please tune […]
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 borrowers to modify their loans at a more realistic value – generally, about 95% of their current value. In return for the modification, the homeowners contract with Ocwen to […]
Government Programs and Principal Reductions
Treasury officials confirmed that the Administration was examining principal reduction as a tool in the modification arsenal. Shortly thereafter, Bank of America unveiled a principal reduction program for borrowers whose LTV ratios are more than 120% (which is a large percentage of Nevadans as approximately 62% of our market is thought to be underwater). Hopes […]
HARP Program Extended Through June 2012
If you are one of the few Nevada residents that is current on your mortgage and you are seeking a loan modification, good news! The Federal Housing Finance Agency has extended the Home Affordable Refinance Program to June 30, 2012. The program allows homeowners with loans administered by Fannie Mae or Freddie Mac, who are current […]
REALITY CHECK: Loan Modifications Rarely Include A Principal Reduction
Las Vegans are subjected to a non-stop barrage of commercials and advertisements from people and companies promising principal reductions through loan modifications. However, the majority of loan modifications do not include a principal reduction. The majority of loan modifications come in three different forms: The lender reduces your interest rate to no lower than 2%; The […]
Bank of America’s Principal Forgiveness Program Begins
On June 2, Bank of America began its new mortgage program for eligible underwater borrowers which includes an earned principal forgiveness in a loan modification. Bank of America mailed out an initial round of letters notifying customers who may qualify. Upon review of these customer applications, the first trial offers for the program could find […]
Nevada Foreclosure Mediation Program Helps Thousands of Homeowners
Nevada Supreme Court Justice James W. Hardesty announced that more than 3,400 homeowners who received notices of default have requested mediation in the Nevada Foreclosure Mediation Program as they seek to hold on to their homes. Since the program first began on July 1, 2009, 372 mediations have been conducted and another 805 mediations have […]
Federal Programs for Homeowners
We have received a lot of questions regarding the federal plans to aid homeowners facing the threat of foreclosure. The federal programs, called the Making Home Affordable Programs, are also nicknamed the “Obama Plans.” There is a plan for Home Refinancing and another for Home Loan Modification. Here are some facts to assist borrowers to […]