Thursday 5th December
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It’s the END OF HAMP… And the Beginning of a New Era in Loan Modifications
Written on 21 Dec, 2016 at 23:41
HAMP has to be one of the least popular government programs ever. The irony is that it also became the best answer for modifying loans to prevent foreclosures.... (Continue reading)
Attorney Nick Wooten is Suing Banks in Illinois for Breaking Into Homes
Written on 12 Sep, 2016 at 7:12
Banks are still breaking into homes they don't own and homeowners are still coming home to find that all of their belongings are gone... sold or dropped off at the dump. Nick Wooten has a plan to make them... (Continue reading)
Thank You Specialized Loan Servicing (SLS) for Helping Mrs. Presterl Keep Her Home
Written on 1 Sep, 2016 at 0:54
Specialized Loan Servicing (SLS) has agreed to provide Mrs. Presterl with a loan modification so she will not lose her home after all!... (Continue reading)
Kevin Carter (aka Kevin Rasher) Finally In Jail for Defrauding Homeowners… But He Should be Indicted for Murder, Here’s Why
Written on 10 Aug, 2016 at 19:54
This story epitomizes why we as a nation needed to do more, not only to prevent foreclosures, but also to stop the scammers targeting those at risk of losing homes.... (Continue reading)
A Reverse Mortgage Ruined His Life? Nonsense. Not true.
Written on 4 Aug, 2016 at 17:08
The reverse mortgage didn't cause Mr. Feil any harm. In fact, it's because of the HECM reverse mortgage that Mr. Feil was able to keep the home instead of losing it to foreclosure.... (Continue reading)
The Foreclosure Crisis is Dead. Long Live the Foreclosure Crisis.
Written on 2 Aug, 2016 at 17:50
RealtyTrac's June foreclosure report puts the best possible face on the foreclosure crisis, instead of admitting that it's far from over... and that HAMP needs to be extended. ... (Continue reading)
Why Foreclosures Won’t Be Stopping Anytime Soon
Written on 12 Mar, 2016 at 19:02
The reason foreclosures won't stop is that life events won't stop happening, and we're no longer able to borrow our way out of trouble.... (Continue reading)
Max Gardner on Yvanova v. New Century Mortgage – A Mandelman Matters Podcast
Written on 8 Mar, 2016 at 17:07
Max Gardner is one of the superstar lawyers of the foreclosure crisis. Here's a chance to hear his analysis of the recent California Supreme Court decision that everyone's talking about.... (Continue reading)
California Court’s Yvanova Decision Opens Door to Very Dark Room
Written on 7 Mar, 2016 at 5:08
In Yvanova, the court didn't say whether her claim that the trust didn't own her loan would prevail, only that a borrower now has standing to make that claim.... (Continue reading)
Max Gardner’s Consumer Defense Academy: Latest in Loss Mitigation – March 19th, Portland
Written on 2 Mar, 2016 at 16:34
Learn the most up-to-date loss mitigation & legal strategies, based on new state & federal statutes that have dramatically changed the playing field.... (Continue reading)
California No Longer Foreclosure Kingpin? Playing with the data… again.
Written on 5 Feb, 2016 at 18:52
The headline in the OC Register about California no longer being the foreclosure kingpin is just flat out misleading.... (Continue reading)
California Supreme Court Ruling is an Important Win for Homeowners
Written on 3 Feb, 2016 at 6:03
California's Supreme Court has ruled... assuming a purchase money mortgage, homeowners don't have to worry about deficiency judgments regardless of whether foreclosure or short sale.... (Continue reading)
11 Sale Dates in One Year… and then the bank modified his loan?
Written on 10 Dec, 2015 at 6:39
You don't need to keep re-setting a sale date every month... unless you want to absolutely ruin someone's credit report until it's beyond recognition. It should show one sale date/Notice of Sale, and then a postponement as he awaited... (Continue reading)
SIGTARP Report Says 70% Denied for HAMP Loan Modifications – What’s Going On Here?
Written on 10 Sep, 2015 at 5:18
It's unconscionable that the loan modification process be allowed to go on as is. The latest SIGTARP Report to Congress makes it clear that servicers need to be made better, or it is likely that HAMP will be with... (Continue reading)
Getting a Mortgage Modified Today – A Real Life Case Study in Crazy
Written on 22 Jun, 2015 at 18:08
The foreclosure crisis is not getting better, as many would have you believe... in fact, it's getting worse once again... as its done many times over the last 6 years. ... (Continue reading)
Foreclosures are UP and Back in the Headlines Again
Written on 9 Jun, 2015 at 21:09
RealtyTrac just reported that, "bank repossessions hit a 27-month high in April at 45,168, up 50% from a year earlier." Uh oh... that doesn't sound like it's over, does it?... (Continue reading)
Wells Fargo is Evicting a 72 Year-old Woman with Advanced Alzheimer’s – Will you try to help stop this from happening?
Written on 24 Apr, 2015 at 15:00
I don't know why the bank wants to evict a 72 year-old woman with advanced Alzheimer's. I don't know why there aren't laws to prevent such a thing from happening. ... (Continue reading)
RealtyTrac: Land mines threaten housing recovery, could trigger surge in defaults.
Written on 9 Nov, 2014 at 17:51
RealtyTrac has been telling the country about housing recovery and that there's no bad time to buy a home... now they sound a lot like Mandelman Matters.... (Continue reading)
California Homeowner Loses $16.2 Million Awarded by Jury
Written on 29 Oct, 2014 at 10:23
What's the worst case for Mr. Linza at this point? His loan was around $240,000 plus the arrearages, which I suppose could amount to six figures... but still. He can't be more than $158,000 behind, right? So, assuming that's true,... (Continue reading)
Foreclosures Rising 1st Time in 3 Years, Says RealtyTrac. So, is that good or bad?
Written on 18 Oct, 2014 at 19:16
We have to take steps to put an end to foreclosures caused by the meltdown... not slow them down with another bandage, but actually make a commitment to stop the bleeding. We have to come to realize what's still happening... (Continue reading)
Do I Qualify for a HAMP Loan Modification? Does it Really Matter?
Written on 30 Sep, 2014 at 8:11
Do you qualify for a HAMP loan modification? It's worth noting that prior to 2008, I would have to say that the question of qualifying for a loan modification had never been asked of anyone, because for all intents... (Continue reading)
Court Rules Against the Robinson’s in Quiet Title Case (You can’t file for quiet title and not invite MERS to the party.)
Written on 22 Sep, 2014 at 9:58
Or, let's be honest about this... a more accurate way to describe what happened here, would be to say that the Robinsons didn't want to notify MERS, because they wanted the default judgment that was likely to result from only... (Continue reading)
RealtyTrac’s Blomquist: The Foreclosure Crisis is Well Behind Us. Mandelman: Oh, Shut-up Daren.
Written on 20 Sep, 2014 at 16:04
Frankly, I'm both tired of being proven right and shocked that it hasn't happened sooner and by someone with even more intellectual prominence. Derwood Blomquist just assured the nation that the foreclosure crisis was... what were the exact words... (Continue reading)
Patience is more than just a virtue… it could save your home from foreclosure.
Written on 8 Sep, 2014 at 16:30
Here are my 12 RULES for Contacting Servicers... Getting your loan modified is easier today than its ever been... that's a fact. But coming to the table with the baggage of whatever happened last time will only increase the... (Continue reading)
Loan Modification Misinformation or Lies… I Just Can’t Take Much More of This
Written on 3 Sep, 2014 at 18:50
It's been six years since this crisis began, and it's shocking how far we haven't come as far as loan modifications are concerned. But, at this point it's not the servicers that are causing most of the problems... it's... (Continue reading)
And Here’s to You Mr. & Mrs. Robinson ““ Will Quiet Title Hold Up in California?
Written on 29 Aug, 2014 at 20:33
I just want to point out that California homeowners should not be in any sort of hurry to follow in the footsteps of Robinson v. MERS. While I understand why many homeowners would describe this case in positive terms...... (Continue reading)
Use a Reverse Mortgage to Prevent Foreclosure and to Leave Your Home to the Kids Free and Clear
Written on 19 Aug, 2014 at 19:09
In fact, by doing it with a HECM mortgage, you increase your chances of being able to leave your home to your kids free and clear because you've eliminated the risk that you'll end up in foreclosure because you couldn't... (Continue reading)
Finally, Florida & Connecticut AGs Shut Down Mass Joinder Lawsuit Scams
Written on 12 Aug, 2014 at 9:15
The real danger of mass joinder lawsuit scams is that the homeowners wouldn't find out for several years that they'd been scammed, when finally a court dismissed their suits, and they were harder for authorities to police and shut down... (Continue reading)
I Don’t Care What the Media Says, Housing Market is Horrible, and Homeowners Still Suffering through the Loan Mod Process
Written on 5 Aug, 2014 at 19:51
I know what sorts of headlines run rampant through the media these days. It's nothing new... it's been going on non-stop since at least 2008. It's also utter and complete nonsense.... (Continue reading)
Helping a Homeowner Succeed with Bank of America/SPS Loan Mod is Like Mardi Gras in June!
Written on 1 Jul, 2014 at 0:15
The homeowner below who wrote to me a couple of days ago to thank me for helping her get her Bank of America/SPS loan modified, is one of the homeowners that I hope I know forever. Because Margaret Saizan... (Continue reading)
A San Clemente Homeowner Writes to Say Thank You for help with Bank of America Mortgage
Written on 29 Jun, 2014 at 8:43
Thank you Martin in helping us to secure a favorable home loan modification with Bank of America by qualifying our intentions, commitment and ability to meet the new loan obligations as well as assist us to elevate our application to... (Continue reading)
New York Launches New Foreclosure Avoidance Program… Hundreds Could be Saved?
Written on 29 Jun, 2014 at 8:03
The NYS MAP program will be available in Long Island only starting on September 15th, and elsewhere in the State of New York as of October 15th. Loans made under the program can, among other things, be used to... (Continue reading)
BREAKING NEWS: Newark Votes, Approves Use of Eminent Domain to Fight Foreclosures”“First Domino Falls
Written on 30 May, 2014 at 20:17
The program would allow homeowners trapped in certain type of mortgage, known as a Private Label Security or PLS Loans, to voluntarily participate in a program where the City purchases these mortgages from investors and repackages them at terms homeowners... (Continue reading)
Forced Into Foreclosure ““ Want to See How it Happens?
Written on 29 May, 2014 at 8:06
All they wanted to do was save their home, which seemed to me to be a reasonable thing for them to want since there was no question that they had enough income to make their mortgage payment. They never... (Continue reading)
The blogger, lawyer, banker and borrower: A letter from home thanks to Bank of America.
Written on 20 May, 2014 at 8:04
All we ever wanted was a fixed loan. Between Martin and Nathan Fransen's time and dedication to my family we received a loan modification. The part that to this day will bring tears to my eyes is... (Continue reading)
What Loan Modifications Have to Do with Leaving Money on the Table and Knowing the Value of a Dollar
Written on 19 May, 2014 at 0:36
We need programs that stop foreclosures and provide reasonable resolutions for borrowers faster than one at a time. I don't want to see another optimistic forecast, like the ones I've been shown every single year since the crisis began,... (Continue reading)
A Visit to the Front Lines: Richmond, California, Eminent Domain & Mortgage Resolution Partners
Written on 11 May, 2014 at 14:46
So, I went to visit Richmond, California, so I could see what the town looked like, and to sit and talk face to face with the CEO of Mortgage Resolution Partners. Join me below and I'll take you on... (Continue reading)
We All Agree: We want to keep people in their homes if possible… sort of.
Written on 10 May, 2014 at 21:33
So, if Wells Fargo was now willing to allow Arthur to sell the home he'd built and lived in since 1988 for $375,000... why not sell the home to Arthur for $375,000, and Arthur would use a reverse mortgage for... (Continue reading)
Garfield In & Garfield Out. Neil’s Wrong on Servicer Advances.
Written on 9 Apr, 2014 at 5:10
When it comes to legal theories related to foreclosure, Neil Garfield’s Living Lies Blog would have to be considered nothing short of jam packed. An attorney, now practicing law in Florida, his ideas about foreclosure defense could be described... (Continue reading)
Following in the Rich Tradition of Appraisal Fraud, Servicers Using Zillow® for Home Values
Written on 26 Mar, 2014 at 6:31
Using a Zestimate to determine a home's value is almost like trying to make your mortgage payment using Monopoly money. And yet, homeowners and others involved in loan modifications from around the country have confirmed being told by Chase,... (Continue reading)
Latest Report Shows Mortgage Approval Requires HIGH FICO Scores
Written on 24 Mar, 2014 at 7:26
While demand for mortgages and homes has declined, in the years ahead the demand for credit restoration services is expected to be one of the fastest growing industries in the country. And I can't think of a better way... (Continue reading)
POWER TOOLS for Investor Denials, the NPV Discussion, and Pushing a Servicer to Modify a Loan
Written on 11 Mar, 2014 at 9:09
Unfortunately, as so many homeowners have learned the hard way, it's not easy to figure out what's right and what's not about your loan modification application, and so many homeowners fail when they could have succeeded had they known what... (Continue reading)
Underwater and Unsolvable ““ A Lifetime of Homeowner Mortgage Debt
Written on 8 Mar, 2014 at 0:45
There should be no question in anyone's mind that because our housing markets have not recovered neither has our economy. It's not that we need jobs to improve the housing markets, it's that we need to fix housing in... (Continue reading)
What I Know About Loan Modifications – 2014
Written on 4 Mar, 2014 at 3:11
I see loans get modified every day, and the people I see haven't paid anyone for anything, or if they did, it was hundreds, not thousands of dollars. At the same time, I've seen people who absolutely needed someone... (Continue reading)
GUEST POST: Mortgages, now in the hands of specialty servicers, means trouble for homeowners and investors.
Written on 27 Feb, 2014 at 23:06
During the past 12 months, the rights to service millions of home loans have been shifted from large banks like Bank of America, Wells Fargo, Citigroup and Chase to specialty loan servicers like Ocwen Home Loan Servicing, Nationstar and SPS,... (Continue reading)
Homeowner Loan Mod Success Story with JPMorgan Chase… and Mandelman Matters
Written on 26 Feb, 2014 at 20:36
And I have to admit that when I received the letter below, it brought a few tears to my eyes... and felt really good to know I had been able to help, but the credit really belongs to JPMorgan Chase... (Continue reading)
FDIC Shared Loss Agreements Did NOT Pay Off Your Loan (No Matter What AZ Court Seems to Think)
Written on 25 Feb, 2014 at 22:19
It's remarkable, if you think about it, how many people are supposedly trying to pay off your underwater mortgage once you've stopped making your mortgage payments. It's like there's a rush to pay off your mortgage once you default on... (Continue reading)
Homeowner Alert: Scammer Masquerades as Bank, Offers Fake Loan Mods
Written on 22 Feb, 2014 at 1:20
Now there are scammers masquerading as banks, offering FAKE LOAN MODIFICATIONS... and if that weren't bad enough, the fake mods require homeowners to pay thousands of dollars for nothing.... (Continue reading)
Why Can’t We FIX Something About the Loan Modification Process?
Written on 16 Jan, 2014 at 7:28
I've seen my government fail at lots of things over the years, but this failure is too important and too costly to allow it to continue. We've lost more than five million homes to-date... and recent forecasts show we're... (Continue reading)
Testimony to Martin Andelman from Homeowner with Bank of America Loan
Written on 7 Jan, 2014 at 9:12
Martin's blog is the place to go for the hard cold facts surrounding the housing crisis. He does not sugar coat reality, which sometimes make his articles hard to swallow. Even so, his blog is a vast well of... (Continue reading)
I have the best readers in the world… I am humbled by their words.
Written on 7 Jan, 2014 at 8:32
Mr. Martin Andelman is providing a much -needed function to humanity with his unfailing actions and skills as a media spokesman and intermediary to the banking/loan-servicing agencies. He needs to be acknowledged and compensated in kind for the work he... (Continue reading)
The Year is New… But the Housing Hype is the Same Old Thing
Written on 2 Jan, 2014 at 17:22
Is the foreclosure crisis coming to an end... not a chance. RealtyTrac latest report is utter nonsense. The year may be new, but the B.S. is all too familiar.... (Continue reading)
Bay Area Homeowner Writes to Say Thank You to Mandelman Matters and Bank of America
Written on 11 Dec, 2013 at 4:38
Ahsan Kushkaki discovered Mandelman Matters after Bank of America denied his loan modification. He was desperately seeking someone who might be able to help him explain the situation to the bank and after finding several of the thank you... (Continue reading)
NOW YOU CAN KNOW… How Much Your Investor is Losing by Foreclosing on Your Home.
Written on 30 Nov, 2013 at 5:06
I think the entire country is under the impression that servicers foreclose because it's in the best financial interests of the investors, and perhaps sometimes they do... but data from this trust and others I've looked at, to my way... (Continue reading)
CNBC’s Diana Olick Has It Right, Says Housing Markets Headed for Trouble
Written on 29 Nov, 2013 at 9:39
Okay, so I'm just giving Diana a hard time... she's got a tough job being the only voice no blaming the whole housing debacle on deadbeat borrowers who all bought home they couldn't afford. Instead, Diana doesn't mention foreclosures... (Continue reading)
Thanksgiving Day Memories and What I Want for the Holidays this Year
Written on 28 Nov, 2013 at 19:06
How about if everyone who knows how to postpone a sale date, volunteers to help anyone who needs to postpone a sale date in December or at least for the first two weeks of January... in other words help postponing... (Continue reading)
NOW AVAILABLE: The RMBS Trust/Modification Analysis Report for Homeowners
Written on 15 Nov, 2013 at 21:11
With this report, when your servicer says they can't do something... you'll know whether what they've said is accurate or not. Imagine the power of being able to show a mediator exactly what's been done to modify the other... (Continue reading)
GLASKI TAKES A HIT: California Court Rejects Reasoning in Glaski Decision
Written on 13 Nov, 2013 at 2:16
It's not a matter of the Diunugala case being considered "binding authority," because it's not. But the question is, will other California courts consider the case persuasive... and tend to follow the more established case law. If that's... (Continue reading)
IBANEZ & BACK: Attorney Glenn Russell Back in Front of the Mass Supreme Court – A Mandelman Matters Podcast
Written on 9 Nov, 2013 at 5:42
Well, fast forward to today and Glenn Russell is still very much on the attack on behalf of homeowners, in fact, he just finished arguing his latest case, again in front of the Massachusetts' High Court. I don't want... (Continue reading)
Re-Default Redoux… The Debate Over Loan Mods is as Stupid as Ever.
Written on 5 Nov, 2013 at 19:38
Another SIGTARP report shows Treasury knows nothing about loan modifications. Big surprise. Look, stop bothering Treasury... they don't want to know, so leave them alone. ... (Continue reading)
Another Hawaii Homeowner Writes to Thank Me for Helping Her Get a Bank of America Loan Modification
Written on 2 Nov, 2013 at 20:35
Another Hawaii homeowner writes to thank me for helping her with a loan modification at Bank of America. She's the one who did the heavy lifting, and I'm glad I was able to help push it over the finish... (Continue reading)
“Hardest Hit” Funds Apparently Hard for Government to Spend
Written on 2 Nov, 2013 at 12:16
The SIGTARP is talking about the "Hardest Hit Funds," which were the roughly $8 billion provided by the federal government in the beginning of 2010 to the states hardest hit by foreclosures in order to help their respective housing markets...... (Continue reading)
PODCAST: Saving Homes from Foreclosure in Ohio Today… with Ohio’s Former Attorney General Marc Dann
Written on 30 Oct, 2013 at 10:28
Marc Dann Explains What Homeowners Need to Know About Foreclosure in Ohio... on this 12-Minute Documentary-style Video... When I visited with Marc this past year in his Cleveland offices, I interviewed him on camera in order to produce this 12-minute... (Continue reading)
Straightening Out the LA Times, Fannie, Freddie, Strategic Defaults and Deficiency Judgments
Written on 22 Oct, 2013 at 19:59
Writing about strategic defaults for the LA Times this time out was Lew Sichelman, whose ability to remain oblivious to his interweaving of unrelated facts throughout the article was truly something to behold. ... (Continue reading)
Carpe Domum! Foreclosures destroy Richmond, California.
Written on 30 Sep, 2013 at 1:26
Dear Richmond... You're being outright threatened by literally ALL THE MONEY IN THE WORLD, and I don't think there's any question that they will, if nothing else, attempt to force you to drop the whole thing by tying you up... (Continue reading)
Loan Modifications: Selling Loans Means Being Sold Down the River
Written on 25 Sep, 2013 at 17:24
Chase sold the woman's loan to PennyMac. Simple as that. Had her modification already been made permanent, PennyMac would have had to honor the modified payment amount, but because she was only in a trial modification, Chase is... (Continue reading)
New Abuses in the Foreclosure Process Make the Dire… Dreadful
Written on 23 Sep, 2013 at 9:09
More than any other single factor, shame has made it possible for this country to lose over six million homes to foreclosure... and relative to the number of homes lost, they've been lost without a peep uttered in protest. ... (Continue reading)
“Double Dipping Docket” is Just a Dumb Idea
Written on 18 Sep, 2013 at 7:18
The payment advanced to the trust by a servicer when a borrower fails to make his or her mortgage payment is simply a loan made pursuant to the contract between the servicer and the trust. The trust is only... (Continue reading)
Some of Lynn Szymoniak’s Millions May Belong to Someone Else
Written on 16 Sep, 2013 at 8:39
And I can say that, in my opinion, regardless of the outcome... AT BEST... Lynn Szymoniak handled the situation very, very poorly. And, AT WORST... her behavior was deceitful to the point of being unconscionable, and a total abdication... (Continue reading)
Glaski Attorney Richard Antognini on the Court’s Decision and What’s Next for Mr. Glaski – A Mandelman Matters Podcast
Written on 12 Sep, 2013 at 4:28
Not only will Richard leave listeners with a level of understanding specific to the Glaski decision that would otherwise be unavailable, he'll talk about other recent decisions in California that he says are very important to homeowners... he'll offer guidance... (Continue reading)
Data shows Nationstar Approves Loan Modifications at Much Lower Rate than Big Banks
Written on 2 Sep, 2013 at 13:35
Look, as a business person, I do understand the impetus here. Bank of America's CEO has a fiduciary duty to maximize shareholder value, and let's face it... servicing mortgages these days simply can't be worth the money involved. ... (Continue reading)
A Winning Team: Meet the Lawyers for Mr. Thomas Glaski… A Mandelman Matters Podcast
Written on 23 Aug, 2013 at 12:33
If you want to learn about what happened to Mr. Glaski... how his case went in the lower court... and how it ended up going his way in the Court of Appeal... get the to get inside scoop from... (Continue reading)
GLASKI WINS! California Court of Appeal Ruling a Landmark for Homeowners… Maybe.
Written on 22 Aug, 2013 at 16:56
So, as a result of this now published decision by California's Court of Appeal, Mr. Glaski will now be allowed to return to state court to allege that his foreclosure was wrongful based on a challenge to the validity of... (Continue reading)
Homeowner Says Martin Andelman Helped Save Home After She Was Scammed Three Times
Written on 24 Jul, 2013 at 20:48
He did not take advantage of us, he worked with us without charging us any money! He gave us hope and made our dream come true. Home loan modifications do work you just have to have the right... (Continue reading)
Hawaii Homeowner Writes to Thank Mandelman for Helping with Bank of America Loan Modification
Written on 22 Jul, 2013 at 23:17
Diane and John Bobek, homeowners in Hawaii that I was able to help with their Bank of America mortgage, writes to thank me. ... (Continue reading)
Homeowner Nancy Frost Says Mandelman Made Loan Modification at Bank of America Work For Her
Written on 21 Jul, 2013 at 23:04
It's far from being the only time I've seen Bank of America do something like this when no one is watching. I truly believe that they made the decision to buy back the Frost's loan from Fannie, because they... (Continue reading)
Fannie, Freddie and FHA Finally Increase Homeowners’ Ability to Modify Mortgages
Written on 18 Jul, 2013 at 9:24
Ladies and Gentlemen... finally... ... after five years of sheer torture... introducing a "No-Doc" loan mod. The FHFA says modified interest rates will be FIXED... terms will extend to 40 years... and some borrowers won't be required to pay... (Continue reading)
Attorney Argues “Produce the Note” and Makes a Bad Situation Worse for Homeowners Facing Foreclosure
Written on 16 Jul, 2013 at 22:54
What happened here is not an example of homeowners fighting to keep their homes... it's not an example of foreclosure defense at all. It's only an example of how what's happening on the homeowner's side of this fight, can... (Continue reading)
An Invitation to All California Homeowners That Need Help with Bank of America Loans… “¨
Written on 10 Jul, 2013 at 19:41
So, please... accept this invitation from me and from Bank of America... click the link below and make a reservation to attend one of the upcoming homeowner events. Come and meet me and the loan resolution team specialists at... (Continue reading)
Our Foreclosure Story Ended Happily because of Martin Andelman and Bank of America
Written on 9 Jul, 2013 at 22:10
Although I'm still not sure why, one moment we were packing our home into boxes and the next Bank of America had bought back our loan from Freddie Mac and given us the loan modification we had prayed to get... (Continue reading)
My Experience with Bank of America, Martin Andelman and Getting My Loan Modified
Written on 8 Jul, 2013 at 20:26
I wrote this to you and other homeowners because I've been a witness to what Martin's help can lead to and what a homeowner can accomplish even when that homeowner has stopped believing that anything can work. Just because... (Continue reading)
U.S. Fifth Circuit Court of Appeals Rules Foreclosing in Texas Without the Note is Okay
Written on 8 Jul, 2013 at 17:47
Specifically, the Fifth Circuit held that the split-the-note theory, "is inapplicable under Texas law where the foreclosing party is a mortgage servicer and the mortgage has been properly assigned," adding that, "the party to foreclose need not possess the note... (Continue reading)
Did Some Type of Insurance or Credit Default Swap Pay Off Your Mortgage?
Written on 3 Jul, 2013 at 7:24
I recently saw someone online saying that as a result of multiple insurance payouts a bank could receive millions of dollars on a $200,000 loan that went into default. It's just not true. There are lot's of reasons why... (Continue reading)
Everything You Need to Know About Mortgage Backed Securities with Impac President William Ashmore
Written on 27 Jun, 2013 at 18:28
It's Bill Ashmore, President of Impac Mortgage... answering questions about the ins and outs of mortgage backed securities and the meltdown that began in 2007. ... (Continue reading)
What people NEED to know about the foreclosure crisis in 2013 & 2014
Written on 27 Jun, 2013 at 5:50
My point is that the increasing sales volume of non-performing loans means the unthinkable... that it's going to get even worse for homeowners who are seriously delinquent and need to get their loans modified in order to keep their homes.... (Continue reading)
Illinois Attorney Saves Homes from Foreclosure Using Reverse Mortgages
Written on 25 Jun, 2013 at 21:08
Reverse mortgages are not going to be an available path for many homeowners facing foreclosure, but for those 62 and older... who have equity in their homes... they can offer an answer and benefits that no other path can provide...... (Continue reading)
What Happens in Nevada with Foreclosures, Ends Up on Mandelman Matters
Written on 25 Jun, 2013 at 4:03
It absolutely fascinates me, for example, that the Nevada legislature, in amending the law, took the time to write in a sentence saying: "require an affidavit containing a local or toll-free telephone number at which borrowers can obtain the current... (Continue reading)
Using the California Homeowner Bill of Rights to Fight Foreclosure
Written on 23 Jun, 2013 at 22:45
So... for California homeowners facing foreclosure... who know the facts and have been unable to get a resolution to their situation... there's the California Homeowner Bill of Rights. Other states are considering adopting the same sort of legislation and... (Continue reading)
Alabama Slamma’ – Not for Better, Far Worse… As Foreclosures we Chart.
Written on 21 May, 2013 at 6:42
We seem to be having a national recovery in much of the media, but in the states themselves the numbers are refusing to cooperate. I guess if you can have a "jobless recovery," then you can probably have a... (Continue reading)
The Foreclosure Bowl: Connecticut Finally Makes it Into Top 10
Written on 20 May, 2013 at 10:53
RealtyTrac Vice President, the ubiquitous Daren Blomquist, said he had "no immediate concern" related Connecticut's newfound foreclosure prowess, which makes perfect sense since he's not losing a home there. ... (Continue reading)
Foreclosure Surprise! Stomping on Maryland Homeowners
Written on 20 May, 2013 at 7:45
So, how do I know where the other undiscovered and unreported stockpiles of foreclosures are hiding as the banks wait until they feel like recognizing losses, having fixed the document problem to the degree that they can start booting people... (Continue reading)
What Makes a Mortgage a “Bad Loan?” I’m Confused.
Written on 20 May, 2013 at 4:43
Or do we only judge a loan to be "bad" after it defaults, and because it defaults? Assuming there are NOT predatory practices involved, is a loan "good" until it defaults and then it becomes "bad." And is... (Continue reading)
Nevada Legislature Considers Passing its Own Homeowner Bill of Rights
Written on 18 May, 2013 at 12:27
Nevada's legislature is considering adopting its own Homeowner Bill of Rights, and in fact, the bill... SB 321... has already passed the Nevada State Senate and is headed to the House.... (Continue reading)
South Carolina’s Hardest Hit Funds Farce… Failing but Finally Changing?
Written on 18 May, 2013 at 3:40
It's been 3.5 years since the money was made available. It's time for the programs funded by hardest hit funds to help homeowners... stopping foreclosures with aggressive benefits and inclusive qualifying requirements. Surely we know what doesn't work...... (Continue reading)
Bill to End Foreclosure Mediation In Missouri Passes… Wake Up, Missouri
Written on 17 May, 2013 at 19:48
Unless you believe that the foreclosure picture in this country somehow magically changed dramatically over the last month or two... you don't want to wake up one day to find out you might need mediation... only it's no longer there.... (Continue reading)
David Min, Part 3 – Housing’s Recovery… Fact or Fiction? A Mandelman Matters Podcast
Written on 22 Feb, 2013 at 7:39
We've lost more than five million homes to foreclosure since 2008, and according to all published data at the end of 2012, we've got millions more seriously delinquent or at risk... but somehow housing is defying all laws of economics... (Continue reading)
SCAM PREVENTION PODCAST #3: With the One and Only Max Gardner
Written on 13 Feb, 2013 at 9:02
Now, as anyone will tell you... Max Gardner knows this subject like the back of his hand, and he should... he's been at it for some 30 years... before the rest of us had any idea this sort of economic... (Continue reading)
SCAM PREVENTION PODCAST #2: Florida’s Consumer Protection Lawyer of the Year… Margery Golant
Written on 9 Feb, 2013 at 6:40
Margery has been representing Florida homeowners since the foreclosure crisis first began in 2007, so when it comes to SCAMS... she's literally seen everything.... (Continue reading)
SCAM PREVENTION PODCAST: What Isn’t Working for Homeowners Facing Foreclosure Today?
Written on 6 Feb, 2013 at 3:59
Foreclosure defense attorneys Matt Weidner and Tom Cox tell Mandelman what's working and what's not for homeowners in foreclosure courts. ... (Continue reading)
9.9 Earthquake in Default Servicing Turns California Into Judicial Foreclosure State
Written on 30 Jan, 2013 at 6:58
So... even though many may still tell you that California is a non-judicial foreclosure state... they're wrong and I'm calling it now... for all intents and purposes California's future is as a judicial foreclosure state.... (Continue reading)