Wednesday 4th December
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Mandelman vs. Matt Padilla of the Orange County Register
Written on 13 Jul, 2009 at 3:06
Matt... all articles like this one do is hurt homeowners. People read them... and as a result they don't hire a firm to represent them in the negotiations with their bank... and they lose their home as a result,... (Continue reading)
California Senate Passes SB 94 Legislation, Now Up To State Assembly
Written on 26 May, 2009 at 17:49
The California State Senate has passed Senate Bill 94 (“SB 94”), legislation proposed by Sen. Ron S. Calderon (D-Montebello), Chairman of the Banking, Finance & Insurance Committee. The senate passed the bill on May 21, 2009, by a vote of... (Continue reading)
Tired of the Lying: 55,000 Helped by Obama Mortgage Rescue
Written on 24 May, 2009 at 10:26
But why, if a bank refuses to modify a loan to the point where the borrower can remain in his or her house, and instead chooses to sell it at some moment in time, would we possibly want to tell... (Continue reading)
Loan Mod Firms NEED to Be SCARED STRAIGHT
Written on 7 May, 2009 at 15:59
I'm not at all sure that the private sector, for-profit loan modification firms have an appreciation for what's going on in California or across the nation as a whole. To be blunt, I'd be willing to bet money that... (Continue reading)
Mortgage & Real Estate Brokers: Upfront Fees on Loan Modifications NOW ILLEGAL in Los Angeles
Written on 29 Apr, 2009 at 19:09
Once a mortgage is modified, what would a loan modification company do if the customer didn't pay the bill? Threaten to ruin the homeowner's credit? You must be kidding. These are people that almost lost their homes.... (Continue reading)
The Letter I Sent to Senator Feinstein Today…
Written on 3 Apr, 2009 at 16:50
What follows is the text of a letter I sent to Senator Feinstein today. The situation is grave and worsening as related to private sector loan modification companies. Soon they will all be gone if something isn't done... (Continue reading)
The Foreclosure Crisis: Private Sector Solutions vs. Government Cheese
Written on 30 Mar, 2009 at 1:49
Our nation is facing a home foreclosure crisis. Four million Americans have already lost homes to foreclosure, and forecasts show another 3.6 million foreclosures through 2010. Who knows what will happen beyond that, the numbers could go even higher. Housing... (Continue reading)
Fed to Start Scam Warnings in Movie Theaters
Written on 29 Mar, 2009 at 13:48
By the fall of 2008, John and Mary said that they had lost all hope. Every dime they earned was going towards the mortgage payment. They couldn't afford to buy the kids an ice cream. Mary's mother heard an ad... (Continue reading)