January 24, 2011

Distinct Nevada Laws Concerning Deeds of Trust & Foreclosure

Nevada requires that a deed of trust be used to secure a real estate loan.  Although commonly referred to as a mortgage, a deed of trust has […]
January 10, 2011

Change is coming to the Home Affordable Foreclosure Alternative Program

Pursuant to the new guidelines released December 28, 2010, servicers are expected to put into place the revised guidelines on or before February 1, 2011.  As […]
December 3, 2010

Some Foreclosures and Evictions postponed for the holidays

Freddie Mac  and Fannie Mae  are postponing foreclosure evictions on mortgage loans they own or back from December 20th to January 3rd. Wells Fargo will freeze […]
August 26, 2010

New Report States the Obvious: Principal Reductions Lead to Lower Re-Default Rates

According to a new report from the State Foreclosure Prevention Working Group, a group of state attorney generals and bank supervisors across the country, loan modifications […]
August 11, 2010

Chapter 13 Bankruptcy Or Loan Modification?

Rarely does a loan modification include a principal reduction.  The typical loan modification only deals with the first mortgage and will only reduce the monthly payment, […]
May 4, 2010

12 Percent of all Defaults are Strategic

U.S. homeowners are deciding to strategically default in greater numbers.  A homeowner strategically defaults by ceasing mortgage payments he could otherwise afford because the loan is […]
January 26, 2010

Columbus Accountant and Realtor Plead Guilty to Mortgage Fraud & Obstruction of Justice Conspiracies

Dennis G. Sartain of Hilliard, Ohio; and Bonnie Helt, of Columbus, Ohio, pleaded guilty on January 21, 2010, to conspiring to commit mortgage fraud, money laundering […]
January 21, 2010

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 […]