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Loan Modification

Riverside Loan Modification Attorney – Fewer Loan Modifications Offered?

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A recent article in the Press-Enterprise claims that “Fewer Loan Mods Grated.”  According to the US Comptroller of the Currency, there are fewer homeowners who will qualify for a modification as a new wave of foreclosures looms on the horizon.  According to the article, “Numbers of modifications are shrinking because servicers are exhausting the pool […]

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Riverside Loan Modification Attorney – EMC Loan Modification Results

Alternative to Bankruptcy, Loan Modification, Riverside Loan Modification Attorney, Short Sale /

I have received several questions obtaining a loan modification from EMC in Riverside County and Orange County.  EMC mortgage is owned by JP Morgan Chase.  During the real estate boom, EMC operated under its own name as a seperate division.  Since the market crash, EMC no longer operates as a separate division but is handled

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Riverside Foreclosure Attorney – Freddie Mac Extends Foreclosure Forebearance

Chapter 13 bankruptcy, editorial, Foreclosure Litigation, Loan Modification, Riverside Bankruptcy Attorney, Riverside Loan Modification Attorney, Short Sale /

In a move that should not come as much of a surprise, Freddie Mac announced that mortgage servicers are authorized to provide unemployed borrowers with up to six months of forbearance.  As a result, if you are an unemployed mortgage owner of a loan with Freddie Mac, you may apply for and receive six months

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Riverside Loan Modification Attorney – Home Buyer Sentiment At Record Low

Bankruptcy, Foreclosure Litigation, Loan Modification, Riverside Bankruptcy Attorney, Short Sale /

In a study that should surprise no one, sentiment among homeowners to sell their homes is at a record low.  Among the general public, only 7% believe it is a good time to sell your home.  During the time period of 1992 through 2005, 40-60% of homesellers believed it was a good time to sell

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Foreclosure Litigation Attorney – Homeowners Fighting to Stay in Home Longer Despite Foreclosure

Foreclosure Litigation, Loan Modification, Riverside Bankruptcy Attorney, Short Sale /

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. 

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Loan Modification Attorney – Chase Loan Modification with Principal Reduction

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JPMorgan Chase is now the largest bank in the US, surpassing Bank of America, based on its total assets.  With the merger of Chase and Washington Mutual, Chase holds a huge percentage of home loans resulting from the real estate boom of the last decade.  In addition to Washington Mutual, Chase also owns EMC, another

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Loan Mod Lawyer – Riverside Defaults Hits 12- month High

Bankruptcy, Foreclosure Litigation, Loan Modification /

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

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Riverside Bankruptcy Attorney – Refinance Your Home to Lower Rates

Foreclosure Litigation, Loan Modification, Riverside Bankruptcy Attorney /

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

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Loan Modification Attorney – Should you walk away from your home?

bancarotta, Foreclosure Litigation, Loan Modification, Riverside Bankruptcy Attorney, Short Sale /

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.

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Bankruptcy in Riverside-More Abuses from Banks?

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As more and more homeowners have successfully negotiated loan modifications, they are finding that getting a modification is only the beginning.  In a recent article in the Boston Globe, 8 homeowners are filling a lawsuit against Bank of America.  In the lawsuit, they allege that Bank of America has violated their loan modification agreements, damaged

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