Tag : foreclosure

California’s mortgage crisis is out of control. The sub-prime lending didn’t end until late 2007 and into early 2008 when the economy collapsed. What further frustrates our sunshine state’s mortgage problems is that we were sold Jumbo loans due to our high property values. A Jumbo loan is a mortgage loan in an amount above […]

You cannot spend your way to wealth, unless it’s a debt elimination plan. If there was a magic pill to getting rich, you would think that more people would be taking it, but that simply isn’t the truth.  The truth is that most people have and hold very high moral values and want to fulfill […]

Over at Fox News, a reader asked the question, Should I take Loan Modification While in Chapter 13?  The reader was nervous about taking a loan modification that offered a temporary 2% interest with a cap at no more than 4% through the remainder of the mortgage.  They also needed to know what would happen […]

Life happens during every Chapter 13 Bankruptcy case. These cases remain open for three to five years requiring that counsel to perform ongoing work in their cases. There are so many financial landmines that Consumer must navigate and their counsel must continue to advocate on their client’s behalf during their bankruptcy case.  One powerful tool […]

Here is a great article from the California Lawyer entitled, “In MERS We Trust.”  Christopher Peterson, University of Utah College of Law is quoted as saying, “For the first time in the nation’s history there is no authoritative, public record of who owns land in each county.”  A history of our land transactions is steeped […]

There’s been such a heated debate about mortgage litigation and the UCC that I thought I would weigh in with my opinion and some insights. The Uniform Commercial Code (“UCC”) are rules designed to govern commercial contracts and land sale agreements such as an individual’s primary residence.  There are two main articles under the UCC […]

Back in 2011 I wrote, Steps To Home Ownership After Bankruptcy.  This question continues to grab the attention of the media and just yesterday, I read this article, which supports my assertions that you can buy a home within two (2) years after your bankruptcy discharge.  My mortgage brokers over at CLS Financial advise the same […]

We’re nearing election time and you would think that the economy is improving with the lower unemployment figures and other splashing news, except for our gas prices.  I, however, am sensing something brewing on the horizon and wanted to share my observations here with you. This Huffington Post article about the attorney general settlement is […]

The California Homeowner Bill of Rights will become effective January 1, 2013 requiring lenders and their servicers to provide fairness and transparency in the foreclosure process.  This is an emerging practice area for attorneys as we get up to speed on what this new set of laws will mean for our clients. Here’s a great […]

A basic accounting principle is to know the difference between an asset and a liability.  Many of my clients come to me thinking that their home is an asset, but that is simply not true in most cases. So, what is the difference between an asset and a liability? Simply put, an Asset puts money […]