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Recent Posts in Real Estate Finance Category

SHOULD YOU HAVE YOUR NEW LOAN DOCUMENTS REVIEWED BY AN ATTORNEY?

If you've even been half paying attention to the media coverage on mortgage litigation lately, you have probably heard about getting a loan document "audit." This is where you pay thousands of dollars ...
Continue reading "SHOULD YOU HAVE YOUR NEW LOAN DOCUMENTS REVIEWED BY AN ATTORNEY?" »

SHORT SALE VERSUS FORECLOSURE

This article discusses California foreclosure laws in very general terms and omits many specific nuances which may make such laws inapplicable to you. California foreclosure laws are complex and ...
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LOAN MODIFICATION & MASS JOINDER LAWSUIT SCAMS

You don’t need to read this article to learn that, over the last three years, many California homeowners have fallen victim to scams involving loan modification scams, foreclosure rescue, and “mass ...
Continue reading "LOAN MODIFICATION & MASS JOINDER LAWSUIT SCAMS" »

POST FORECLOSURE LIABILITY – WILL LENDERS GO AFTER BORROWERS?

California's anti-deficiency laws were written to prevent: (1) multiplicity of actions; (2) overvaluation of the security; (3) worsening an economic recession by holding debtors personally liable ...
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TAKE THE LATEST DRE WARNING WITH A GRAIN OF SALT!

Just When the Tide Was Turning Against the Banks… the California Department of Real Estate Comes to Their Rescue! If you found this essay during your Internet travels or other research, you likely ...
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ONLY A FOOL PAYS THE MORTGAGE!

Not too many years ago, this headline would have sounded ridiculous. However, such sentiment seems to be gaining traction outside of the fringe anarchist groups that would normally espouse such ...
Continue reading "ONLY A FOOL PAYS THE MORTGAGE!" »

Homeowners Need More Advocates

A writer by the name of Martin Andelman has a blog called Mandelman Matters. He has written somewhere around three-hundred articles on subjects related to the foreclosure crisis. His analysis is often ...
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IS NOT PAYING YOUR MORTGAGE WRONG?

Many people are talking about strategic defaults. If you don't know what a strategic default is, it's when a homeowner can afford the mortgage but the home's value is so far below the amount owed on ...
Continue reading "IS NOT PAYING YOUR MORTGAGE WRONG?" »

LOAN MODIFICATION SCAMS

You don't need to read this Newsletter to learn that, over the last two years, many California homeowners have fallen victim to loan modification scams and foreclosure rescue scams. Predators see ...
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WHEN IS A SHORT SALE BENEFICIAL?

As was covered in another F&M's post, in California purchase money loans on primary residences are considered non-recourse which means that in certain instances, the only thing a lender can do to ...
Continue reading "WHEN IS A SHORT SALE BENEFICIAL?" »

CREDIT SCORES – WHY SHOULD YOU CARE?

For the last decade the media has pounded into the heads of American consumers that having a high credit score is the key to financial success. It should come as no surprise that the funding for all ...
Continue reading "CREDIT SCORES – WHY SHOULD YOU CARE?" »

POST FORECLOSURE LIABILITY – WILL MORTGAGE LENDERS GO AFTER BORROWERS?

Despite the record numbers of California homeowners losing their upside down homes due to foreclosures and short sales, there is a lack of accurate information about what happens when a home is lost ...
Continue reading "POST FORECLOSURE LIABILITY – WILL MORTGAGE LENDERS GO AFTER BORROWERS?" »

SUING YOUR LENDER

First, it should be noted that lawsuits are not fun. The process is costly and consuming. For this reason alone, only cases that have merit and a likely payoff should be brought. Not only is this a ...
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