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Loan Modification

Riverside Bankruptcy Attorney-Has the Inland Empire Real Estate Market Hit Bottom?

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

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, […]

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Riverside Bankruptcy Attorney – Short Sales Increase in Inland Empire

Loan Modification, Riverside Bankruptcy Attorney, Short Sale /

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

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Riverside Bankruptcy Attorneys – Bank of America Loan Modification Results

2 Comments / Bankruptcy, Loan Modification /

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

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Riverside Bankruptcy Attorney-Are Mortgage Companies being defrauded by Short Sales?

Bankruptcy, Loan Modification, Short Sale /

An article in today’s Press Enterprise discusses the rising popularity of short sales and the possibility that some lenders may be losing out in the process. According to “real estate experts”, the short sale process presents an increased risk of fraud and abuse. The article on goes on to say that this is particularly true

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Riverside Bankruptcy Attorney-State Announces Mortgage Fraud Unit 3 Years Too Late

Bankruptcy, editorial, Loan Modification, Riverside Bankruptcy Attorney /

In yet another victory for failed mortgage lenders and investment banks, the California Attorney General announced a new task force to investigate mortgage fraud.  The announcement comes more than 3 years after the mortgage meltdown.  The task force will focus on predatory lending practices, violations of the Truth in Lending Act, loan modification scams, and

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Banks Try to Settle Mortgage Fraud Charges

Bank News, Loan Modification, Riverside Bankruptcy Attorney /

The Wall Street Journal reports today that the nation’s largest banks currently seek to settle claims made by state and federal officials of improper mortgage-servicing practices through a payout of $5 billion.  These claims arose after it was revealed that the largest banks failed to oversee the servicing effots including the foreclosure process of thousands

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Foreclosures in Riverside and San Bernardino Decline

Bankruptcy, Loan Modification, Riverside Bankruptcy Attorney /

Foreclosures for both Riverside and San Bernardino declined in February compared with the same time period last year. Additionally, the percentrage of mortgage defaults in Riverside county also decreased when compared with the same time last year. Although good news, Riverside and San Bernardino county still have a higher foreclosure rate than the national average.

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