A recent article on CNN finds that more homeowners are fighting to stay in their homes longer despite the attempts by banks to actively foreclose on their property. The article begins with a quote from an attorney saying that many of the attempts made by homeowners to stay in their homes are without legal merit. […]
Home foreclosures in the Inland Empire have reached 12 month highs in Riverside and San Bernardino according to a recent report. According to economists, the increased number of defaults is largely due to a slow down in the time it takes most banks to foreclose. Currently, it takes a bank an average of over 300
Loan Mod Lawyer – Riverside Defaults Hits 12- month High Read More »
President Obama recently announced changes to the Home Affordable Refinance Program (HARP). HARP was originally created to help homeowners who had little or no equity to refinance their property to a lower market rate. Currently, the rate on a 30 year fixed loan is around 4%. Under the old plan, a person could refinance only
Riverside Bankruptcy Attorney – Refinance Your Home to Lower Rates Read More »
The Riverside Press Enterprise has an interesting article about inland empire families who have walked away from their upside-down mortgages. In the article, these families defaulted in 2008 on mortgages that were upside down. Now that enough time has passed since they lost their home, they now qualify to purchase a home under FHA guidelines.
Loan Modification Attorney – Should you walk away from your home? Read More »
Before buying a home in Riverside, I had weekly conversations with a good friend of mine about the bottom of the real estate market. We discussed the mortgage meltdown, the cyclical nature of home sales, the efforts made by government to shore up home prices and stop foreclosures, the change in prices over different seasons,
Riverside Bankruptcy Attorney-Has the Inland Empire Real Estate Market Hit Bottom? Read More »
