While Foreclosures in Riverside and San Bernardino continue to drag down the housing market, short sales in the Inland Empire have begun to represent a larger portion of home sales. A short sale is a sale where a lender agrees to accept less to pay off a loan that is owed. Banks benefit from short […]
Riverside Bankruptcy Attorney – Short Sales Increase in Inland Empire Read More »
If you own a home with Bank of America and are considering alternatives to foreclosure including loan modifications, short sales, or deed in lieu, you may want to attend the upcoming event starting Thursday through Sunday. According to the article in the Press Enterprise, Bank of America will be available to discuss foreclosure alternatives and
Riverside Bankruptcy Attorney-Bank of America Reaching Out to Inland Residents Read More »
Below is a Bank of America loan modification that De Novo Law Firm obtained for client M.L. with a home in Perris, California. Before Bank of America Modification: Monthly Mortgage Payment: Interest Only Payment of $1,622.54 (including taxes and insurance) Interest Rate: 6.4% Accepted Modification: Monthly Mortgage Payment: Principal, Interest, Taxes, and Insurance Payment of
Riverside Bankruptcy Attorneys – Bank of America Loan Modification Results Read More »
I am often asked by my bankruptcy clients about the legal ramifications of a short sale in Riverside county including Corona, Temecula, Murrieta, Moreno Valley, Riverside, Palm Springs, Perris, Hemet, and the surroundirng areas. This area of law can be complicated and involves several areas of law including tax, anti deficiency, real estate, and contract
Riverside Bankruptcy Attorney-Questions to Ask Before a Short Sale Read More »
A recent report shows that the number of defaulting homeowners is up, reversing the trend of positive gains over the last several months. While the increase in defaults is small, it indicates the economy is headed in the wrong direction as the stock market and overall economy is sputtering. Considering the current job market, it
Riverside Attorneys-Foreclosures Up…Sign of Double-Dip Recession Read More »
I recommend that all my clients run a three-bureau credit report before filing bankruptcy in Riverside California. This helps ensure that all creditors are listed as well as collection agencies. It is important that all of your creditors are listed on your bankruptcy petition and schedules. You are legally obligated to list ALL creditors, not
A bankruptcy trustee is a person in bankruptcy who is in charge of administering the estate. Upon filing bankruptcy, all the assets of the person who filed bankruptcy become part of an estate. The trustee is responsible to assuring that all assets have been accounted for, that available assets are liquidated, and that creditors are
If you filed bankruptcy in Riverside, California, the 341 Meeting (or Meeting of Creditors) will be held in one of two places. Most 341 Meetings are held at the Riverside Bankruptcy Courthouse located on 3420 12th street, Riverside, CA 92501. The meetings are located in Room 100A or 100B. If you arrive early enough, there
Where in Riverside, California is the 341 Meeting of Creditors? Read More »
Clients often ask whether they may keep their car despite filing Chapter 7 bankruptcy. The answer for most people in Riverside is …
Riverside Bankruptcy Attorney-How to Keep Your Car in Bankruptcy Read More »
In an agreement with the Fed, Wells Fargo has agreed to pay an $85 million dollar fine for predatory lending practices that happened from 2004 to 2008. The Fed claims that Wells Fargo employees steered loan applicants with prime credit into subprime loans. These subprime loans gave borrowers higher rates, elevated fees, and one-sided loan
Riverside Real Estate Attorneys-Lack of Institutional Control at Wells Fargo? Read More »
