As more and more people are getting sued by creditors, people often try to stick their head in the sand and ignore the lawsuit. Unfortunately, that won't make it go away. And if you've been sued, Sam Glover over at Caveat Emptor says to head for the nearest lawyer.
Read the full article »
No doubt that banks are pursuing people who have short sold their homes for the deficiency, or the difference between what they owed to the bank and what ...
Read the full article »
Tags: Advance Fee Agreement, advanced fee, Bankruptcy, Deficiency, Foreclosure, HELOC, loan modification, No Objection Letter, Non-Recourse Loan, Purchase Money Loan, Real Estate, Second Mortgage, Short Sale, upside down
With economy struggling to recover, many people who were well to do before are now facing dire consequences, being put in positions they never would thought they would have be in 5 years ago. I've come across two instances where people in need of legal counsel were too ashamed by their circumstances to ask for ...
Read the full article »
California continues to crack down on fraudulent loan modification companies and attorneys. It recently targeted 133 companies based in Orange County.
Read the full article »
With all the people upside down these days, you can't turn on the TV or radio without hearing some firms handling loan modifications. Some of these companies are fly-by-night operations, so do your due diligence, especially if they take an advanced fee. The LA Times has an article about loan ...
Read the full article »
LA Times writer Peter Hong has written an article about his adventure buying a foreclosed property in Los Angeles. It is a good read for those of you looking to get a dose of reality and how the system works. In one instance, he got burned by the broker and agent because the agent didn't ...
Read the full article »