Blog Posts in December, 2010
Posted on Dec 29, 2010 By Deborah A. Carman, Esq.
Of course you should. Why would anyone even ask such a question? We are faced with the worst housing market collapse since the Great Depression, 6.92 million U.S. properties are delinquent or in ...
Continue reading "If I’m at risk of losing my home, should I hire an attorney?" »
Posted on Dec 22, 2010 By Admin
Hire a debt relief and foreclosure defense attorney … The ongoing banking crisis is a perfect opportunity to literally engage the bank in a sort of a hand to hand combat. I'm pretty sure we all have ...
Continue reading "It’s a New Year, I’m Underwater, No Modification, now what do I do?" »
Posted on Dec 20, 2010 By Admin
Data released last week clearly indicates that we are on track for yet another million homes being lost to foreclosure in 2011. Although there has been a lot of talk about foreclosure filings ...
Continue reading "An Estimated One-Million Homes Will Be Lost to Foreclosure in 2011, the Time to Act is NOW!" »
Posted on Dec 17, 2010 By Deborah A. Carman, Esq.
As we reported previously the disorganization at banks has caused homeowners to lose their homes while still in the loan modification process… something that's not supposed to happen under the rules ...
Continue reading "Banks Continue to Foreclose on Homeowners Seeking Loan Mods" »
Posted on Dec 13, 2010 By Admin
On Friday, Bank of America cleared their attorneys to proceed with 16,000 foreclosure cases in December as it completes a revamp of its procedures. On Oct. 1, Bank of America suspended foreclosures in ...
Continue reading "Bank of America restarts foreclosures" »
Posted on Dec 8, 2010 By Admin
As more and more individuals and families struggle to make mortgage payments they continue to turn to their bank for help. Most families immediately contact their bank and apply for a loan ...
Continue reading "Trapped in the Loan Modification Maze" »
Posted on Dec 6, 2010 By Deborah A. Carman, Esq.
On Saturday the Palm Beach Post published an article by Kimberly Miller entitled " Bank evicts, then offers Boca Raton couple a loan mod " - one of the many heartbreaking stories of how someone loses ...
Continue reading "Bank evicts, then offers Boca Raton couple a loan modification " »
Posted on Dec 3, 2010 By Admin
FDIC chairman Sheila Blair is calling on Treasury officials to streamline the loan modification process and require write-downs of second mortgages. Junior liens have been a major obstacle to ...
Continue reading "FDIC Chief Blair Pushes for Write-downs on Seconds" »
Posted on Dec 2, 2010 By Admin
Over the past couple of years, lenders and federal policy makers have pointed to short sales as a way to revive declining housing market while at the same time helping troubled borrowers to avoid ...
Continue reading "Second Mortgages Stand in Way of Short Sales" »