Attorney Roy Oppenheim is helping South Florida homeowners avoid foreclosure by demanding that banks and lenders show proof of true mortgage ownership.
As the number of foreclosure filings continue to rise to unprecedented levels it is hard to believe that President Obama’s recent legislation is being heeded by lenders. The Helping Families Save Their Homes Act of 2009 signed into law in June this year was seen as a lifeline for homeowners who face foreclosure or who have seen mortgage payments rise dramatically as Option ARM’s kick in. One Florida company, in conjunction with an attorney are prepared to take on the banks on behalf of homeowners.
Arizona posted an almost 35 percent increase in the number of homeowners who complained against fraudulent bank owned foreclosures prevention schemes. The Attorney General’s office has ranked fraudulent loan modifications as among its top 15 most common fraud.
Florida Chief Financial Officer Alex Sink and volunteer lawyers have been helping homeowners prevent their homes from being added to inventories of foreclosure properties. More lawyers are needed to help the rising number of distressed borrowers.
BankAtlantic and BankUnited have announced a moratorium on their foreclosure activities as they await the Obama Administration' recovery program for the housing market.
Before closing occurs, both a buyer and seller should know additional information that they need in order to prepare for the actual closing day. This is necessary to avoid delays and surprises during the actual day of closing.
The foreclosure crisis has affected thousands of homeowners in Michigan. Many of them were desperate to protect their properties from Michigan foreclosure listings that they would grab on anything that comes their way if it means saving their homes from foreclosures.
Carlsbad, San Diego and Corona del Mar, Newport Beach, Orange County real estate lawyer Sebastian Gibson discusses some possible new problems the real estate market may face in California as the economic crisis grows.. As a real estate attorney and Realtor also in the Palm Springs and Palm Desert area of Southern California, Sebastian Gibson discusses construction law issues, lending problems and the calls attorneys are now getting from the public in fear of losing their homes.
The federal government has finally launched its campaign against scammers preying on borrowers troubled by the real possibility of seeing their dwellings turning into foreclosed homes.
The 5 financial mistakes that most couples make during a divorce procedure that could set you behind for years to come. They could easily be prevented if you read this article.
Palm Springs and Palm Desert, California real estate attorney, and Newport Beach, Orange County real estate lawyer Sebastian Gibson looks at the legal requirements that make leases legal or invalid. As a real estate lawyer and Realtor also in San Diego and Orange County, Sebastian Gibson focuses on some of the key terms of leases that validate or invalidate leases in California.
Loan modification initiatives aimed at averting foreclosures have been failing, according to the National Association of Consumer Bankruptcy Attorneys.
Scammers and cons victimizing homeowners threatened by foreclosure listings are rarely imprisoned because judges usually file only civil actions against them. Many states also have not criminalized foreclosure fraud.
The state of Idaho, eighth in RealtyTrac's list of states with the highest foreclosures rates, ordered National Foreclosure Relief to stop offering its loan restructuring services to mortgage borrowers whose homes are in danger of becoming foreclosed homes.
The Foreclosures crisis has seen the buildup of homes blocking the housing market highway. Delays in foreclosures will adversely affect the economy and slow down job creation, which is at the root cause of the foreclosures crisis.
Homeowners worrying about foreclosure listings have become easy prey to fee-charging foreclosure consultants who promise loan modifications that never materialize.
Alaska is doing better economically compared to the other 47 states. But the nationwide crisis on job lay offs, home repossessions and serious credit card debts are already looming.
Real estate attorney can be a great help in transactions and agreements related to real estate. Some people overlook their importance. Doing this can expose them to legal complications and errors.
Number of foreclosure notices is expected to fall in December. Chapter 13 bankruptcy will help stop lenders from conducting concurrent proceedings of modification and seizure.
Illinois Governor Pat Quinn has announced an outreach program aimed at helping distressed homeowners in Chicago avoid bank foreclosed homes. The program gives guidance to distressed homeowners who want to apply for the federal loan modification program.
Over two-thirds of foreclosures happen in 27 states with no judicial overseeing of foreclosures. The vast majority of foreclosures in these states are done by trustees.
Using the same foreclosure listings that scam artists use, the Attorney General’s Office warns distressed homeowners about these foreclosure-related scams.
For most people, buying or selling their primary home, vacation property or rental property can be among their most important and expensive business transactions. This article offers advice on how to avoid some common mistakes in the process and make the best use of your time and money.
Indiana Attorney General Zoeller filed lawsuits against five out-of-state firms that victimized distressed borrowers. These firms failed to prevent victims' homes from becoming repo homes despite collecting foreclosure prevention fees.
Fannie Mae has formally announced its annual foreclosure halt for the holidays. The mortgage servicer would not evict families from foreclosed homes from December 20 to January 3.
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