President Obama Announces Improvements to HARP
The Obama Administration, by way of the Federal Housing Finance Agency (FHFA), announced a major upgrade to the Making Homes Affordable Refinance Program (HARP). This program is designed to help homeowners who owe more on their mortgage than the home is worth, so-called “underwater” mortgages. Homeowners of underwater homes cannot refinance their loans because lenders […]
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 […]
Another Government Program to Help Underwater Home Owners
The “Hardest Hit” Fund is a new government program designed to help states that are suffering from the largest drop in home values. Nevada is one of those states and its share of the fund is $103,000,000. The fund is designed to help 5,000 homeowners, according to Lon DeWeese, Nevada Housing Division. Eligible applicants will receive about $20,600. […]