Monthly Archives: September 2011

THE ART OF FORECLOSURE DEFENSE Foreclosure defense is exploding. Foreclosure defense is the fine art of keeping a homeowner in their home for as long as possible, without the homeowner paying the mortgage. A good foreclosure defender can keep a … Continue reading →

September 26, 2011: The time is limited for homeowners who want to ensure they aren’t hit with a big tax bill because they had to walk away from a mortgage obligation. At the height of the housing crisis, when foreclosures … Continue reading →

Bank of America filed a request to the U.S. District Court in Nevada for a case management conference to simplify what it sees as an opened ended case leading to “unprecedented breadth and complexity” for the case of Nevada v. … Continue reading →

Assembly Bill 284 AB 284 passed by the Legislature this year should help. Assembly Bill 284 will tighten the foreclosure process, increasing the requirements of lenders planning to foreclose. It takes effect on October 1, 2011. Cortez Masto and Assembly … Continue reading →

Potential lender defenses against a mortgage lawsuit will include the following: 1- It was not the lender’s alleged misrepresentation (it was a misrepresentation by the buyer or independent appraiser) that caused the loan to go bad. It was not the … Continue reading →

FORECLOSURE COMPLAINT WEBSITE: Major U.S. banks plan to launch a common website, toll-free phone number and advertising campaign in the coming weeks to solicit complaints from consumers harmed by problems in foreclosure processing, a top regulator said Monday. Last spring, … Continue reading →

September 19, 2011: Underwater homeowners who have decided to fix their negative equity problem should carefully analyze three (3) things before they determine what to do: 1) the lender’s reputation; 2) the homeowners situation; and 3) the political and legal … Continue reading →

Banks will soon roll out a single website and phone number for borrowers whose loans were handled by the 14 servicers to request an internal review of their foreclosures. Loan servicers are hiring or redeploying thousands of employees to handle … Continue reading →