Monthly Archives: July 2009

Countrywide Class Action Lawsuit Nevada

STOUT LAW FIRM filed a Class Action Complaint Against Countrywide in Las Vegas, Nevada. If you are in or facing foreclosure and have a Countrywide mortgage, you may be eligible to join the lawsuit. Call STOUT LAW FIRM at (702) … Continue reading

Posted in Foreclosures Short Sales Mortgage Litigation, Uncategorized | 1 Comment

The 30 Day Deadline to Elect Nevada Foreclosure Mediation

The Supreme Court of Nevada in its June 30, 2009 adoption of the Rules, sets forth its version of the 30 day time limit for the Homeowner to elect mediation as follows: Rule 5(4). “The mediation process under these rules … Continue reading

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Other States With Foreclosure Mediation

Connecticut: The Foreclosure Mediation Program was established pursuant to P.A. 08-176. The bill required the chief court administrator to establish a foreclosure mediation program in each judicial district by July 1, 2008. The legislation mandates that homeowners facing mortgage foreclosure … Continue reading

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Nevada Gets First Round of Foreclosure Mediation Requests

LET THE RACES BEGIN The Nevada Foreclosure Mediation Program has received its first three requests for mediation as the homeowners work to save their houses. Two requests came from Clark County residents and the third came from a Carson City … Continue reading

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Las Vegas Neighborworks Workshop

On July 24, I attended a Neighborworks workshop, at Aliante Station and Casino, to assist roughly 1,000 Las Vegas Valley homeowners struggling to remain in their homes. Homeowners also met face-to-face with their mortgage company and a U.S. Department of … Continue reading

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Obama’s Making Home Affordable Program Expanded to Include Homeowners Who Are 125% Underwater

A recent expansion of the Making Home Affordable program now allows borrowers who are current but up to 125 percent underwater on their mortgage to refinance those loans according to the terms of the Making Home Affordable refinance program. Participation … Continue reading

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Only Forceful Action Can Change Foreclosure Crisis Tide | The Washington Independent

Only Forceful Action Can Change Foreclosure Crisis Tide | The Washington Independent Shared via AddThis

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When Investors Sue the Banks for Modifying Loans

_______________________________________________________ Any homeowner who has tried to modify their mortgage loan knows that it is hard or impossible. Why is this. Is it because the banks are overwhelmed with requests and doing a modification is time consuming and complicated? Partially, … Continue reading

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The Case for Voluntarily Submitting to Foreclosure Mediation

Rule 6 of the June 30, 2009 Nevada Supreme Court’s Adoption of Foreclosure Mediation Rules allows for voluntary mediation for homeowners who are not eligible under the Mandatory Mediation Program. In that case, since the Notice of Default was filed … Continue reading

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The Anatomy of a Foreclosure Mediation

The mediation will begin with a Foreclosure Notice also known as a Notice of Default and Election to Sell (NOD). The Trustee usually mails this letter, certified return receipt requested, to the homeowner advising her the house is in foreclosure. … Continue reading

Posted in Foreclosures Short Sales Mortgage Litigation, Uncategorized | 1 Comment