Monthly Archives: August 2011

Cal Realtors Again Request Lenders Make Short Sales Easier

The California Association of Realtors Wednesday delivered a public reprimand to the nation’s top mortgage lenders and servicers over their handling of short sales. The association charges the lenders with failing to respond to borrowers’ short-sale requests within a reasonable … Continue reading

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Foreclosure Talks Snag on Bank Liability

August 23, 2011: Efforts to reach a settlement that would end the long-running probe of foreclosure practices are snagged over whether banks will get broad legal immunity from state officials for mortgage-related claims. Federal and state officials are seeking penalties … Continue reading

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Another Foreclosure Scam in California

August 22, 2011: California prosecutors sued several lawyers and call center operators for allegedly duping desperate homeowners across the country into paying thousands of dollars to join dubious lawsuits against big banks. The complaint unsealed Thursday in Los Angeles County … Continue reading

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Banks Shortening Short Sales- Really this time

Banks dealing with lengthy, complicated and frequently messy foreclosures are starting to see “short sales” as a quicker and cheaper way of getting bad loans off their books. The nations biggest banks,including Bank of America, Wells Fargo and Chase are … Continue reading

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