Bankruptcy

A recent study found that homeowners who received counseling prior to obtaining a loan modification were at least 67% more likely to be current on their modification payments nine months after a loan modification.  The study also found that those who received counseling were more likely to obtain a modification and were able to get […]

A recent article in the Press Enterprise cites a surge in Riverside and San Bernardino foreclosure activity and the possibility that a new wave of foreclosed homes will hit the market early next year.  Economists point to increases in the Notices of Default that precede the actual foreclosure of a home in Riverside county.  Further,

According to the California Association of Realtors, Home Sales in California rose in October, marking the 6th consecutive month that home sales have increased.  Home Sales in Californis for 2011 were up over 10% from last years pending home sales in the state.  However, the Association of Realtors does not track home sale date seperately

Recently released data shows that home sales for October have reached a 4-year low. Economists predict that the cause for slow home sales is multiple-faceted. Government incentives have mostly disappeared, job growth is weak, lending standards have tightened, and home appreciation is nearly non-existent. While home sales overall are weak, home sales in some segments

A recent article in the press enterprise discusses the unrealistic expectations homeowners have about appreciation of their home values.  In a poll done of prospective home buyers, Zillow.com found that 42% believed their home would appreciate by 7% a year.  Traditionally, home values have appreciated at two to five percent annually.  The article goes on

The 341 hearing is a required meeting between debtors and the trustee.  As the name of the meeting indicates, creditors are also invited to attend and can ask limited questions of the debtors about their petition and schedules.  While many creditors are nervous about this meeting, your attorney should have prepared you for your upcoming