Tag Archives: Foreclosures Short Sales Mortgage Litigation

A Short Sale Reduces Credit Score by 120-140

“Both short sales and foreclosures are considered negative by the score, because our data shows us it’s very predictive of future credit risk,” Tom Quinn, of Fair Isaac, said. “The claim that doing a short sale is not going to … Continue reading

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HAFA- Home Affordable Foreclosure Alternatives

WILL HAFA BE AS GOOD FOR LAS VEGAS AS HOFFA? The HAFA program is a volunteer program basically although those servicers that have participated in the HAMP program must offer the HAFA program to homeowners under certain circumstances. The servicers … Continue reading

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Only 372 Mediation Sessions Completed First Six Months of Program

1 OUT OF 10 HOMEOWNERS IN DEFAULT OPT FOR MEDIATION The Nevada Supreme Court says more than 3,400 homeowners who’ve received notices of default have requested mediation under a new program that took effect July 1. Under the program administered … Continue reading

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Kansas Supreme Court Rules Against MERS

The Kansas Supreme Court ruled in Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, that MERS, a company designated as nominee on millions of real estate security instruments, has no standing and can not initiate or maintain an action … 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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