New short sale and loan mod rules

Homeowners receiving loan modifications for their primary residence (and noted on their credit report); are now being treated as short sellers by Fannie Mae…even if the homeowner was never late on their mortgage. In other words: A responsible homeowner, who made their...

Real Estate Scams

  It’s about time these crooks were caught. Ca. law makes it illegal to take money upfront to do a loan modification but these attorneys get around it by calling it a retainer. The poor homeowners think its a fee. They don’t understand that a retainer...

Banks are ignoring new regs

Why am i not surprised? We regulate and banks ignore. Same old story. New laws in Ca. say that dual tracking is illegal. That is when banks continue the foreclosure process while you are negotiating a loan modification.  They are not supposed to do it. Still doing it....