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$5,000 Principal Reduction

Posted in Mortgage Modification, Principal Reduction

If you got a HAMP or Making Home Affordable modification, you will be receiving an additional $5,000 principal reduction. Republicans in Congress want to put an end to HAMP and Making Home Affordable...

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Services We Offer

Posted in For Sale By Owner, Foreclosure Defense, Seller Financing

We have an open telephone line to brokers, buyers, sellers, and clients in general who may need help with buying or selling real estate or who may need help with mortgage modification. Services we offer: Help to...

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Door-To-Door Transit

Posted in Transit

Door-To-Door Transit: The Only Solution To Our Traffic Nightmare by James...

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Reverse Mortgages – Good Not Bad

Posted in Selected

Most Seniors Should Consider the Reverse Mortgage From Martin Andleman What’s...

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Servicers Make More Money By Modifying Than By Foreclosing

Posted in Mortgage Modification

Thanks to Martin Andleman and Mandleman Matters Why Does Ocwen Want to Modify...

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Zombie Foreclosures

Posted in Foreclosure

CFPB: Zombie foreclosures hurt borrowers The Consumer Financial Protection...

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Force Placed Insurance

Posted in Selected

How to avoid getting sucked into a force-placed insurance fight CFPB enforces...

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New Federal Rules on Foreclosure

Posted in Foreclosure

New Federal Rules on Foreclosure —By Erika Eichelberger – Thanks to...

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Washington MERS Suits Fail

Posted in Foreclosure Defense

Judges Dismiss MERS Suits By Evan Nemeroff Two borrower-initiated lawsuits...

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Eminent Domain – Tool For Principal Reduction

Posted in Eminent Domain

There are homes by the thousand in which the home mortgage is in default and...

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Chapter 13 Plan Duration

Posted in Bankruptcy

No Minimum Time Length For The Ninth Circuit by Bankruptcy Law Network (BLN)...

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Modification on Rental

Posted in Mortgage Modification

It is harder to get a mortgage modification on a rental property than it is on...

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Rental Property Modification

Posted in Mortgage Modification

This is a rental property modification. Ocwen was the servicer, and the...

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$157,105 Wells Fargo Principal Reduction

Posted in Mortgage Modification, Principal Reduction

JS is a hard working taxi driver. He came to us after a financial hardship,...

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Preferences

Posted in Bankruptcy

What is a Bankruptcy Preference? by KENT ANDERSON on AUGUST 16, 2010...

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Principal Reduction Modification

Posted in Mortgage Modification

We just negotiated this excellent modification with Bank of America. The...

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Condemn Underwater Mortgages – Martin Andelman

Posted in Eminent Domain

Carpe Domum! The Little City that Could: Richmond, California THANKS TO MARTIN...

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How Long Before I Can File BK Again?

Posted in Bankruptcy

How Long Before I Can File Bankruptcy Again? There is no limit on the number...

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Eminent Domain To Modify Loans

Posted in Mortgage Modification

A City Invokes Seizure Laws to Save Homes Peter DaSilva for The New York Times...

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Fannie and Freddie Loosen Modification Guidelines

Posted in Fannie Mae, Mortgage Modification

FHFA expands suite of loan mod tools By Kerri Ann Panchuk • March 27, 2013 •...

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Lenders Lie to Modification Applicants

Posted in Mortgage Modification

We have found that Lenders often take advantage of those who apply for...

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Reapply for Second HAMP Modification

Posted in HAMP 2

If you have obtained a HAMP modification and you have redefaulted, you may be...

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Bank of America – Fannie Modification

Posted in Mortgage Modification

HMH came to me following a financial hardship. He faced high payments on his...

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Mortgage Modification is the Practice of Law

Posted in Modification is the Practice of Law

YOU GET WHAT YOU PAY FOR Virtually all of my modification clients tried it on...

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Fannie and Freddie – No Principal Reductions

Posted in Principal Reduction

The reason foreclosures will continue  By Paul McMorrow Thanks to the Boston...

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Zombie Titles

Posted in Foreclosure, Mortgage Modification

The latest foreclosure horror: the zombie title By Michelle Conlin  Thanks to...

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Calibur – Formerly Vericrest

Posted in Mortgage Modification

I have only modified one Vericrest loan, and that one was non-owner occupied...

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Jumbo Modification

Posted in Lenders, Mortgage Modification

A residential property where the first loan was more than around $729,000 at...

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Solution to Zombie Loans – Condemnation

Posted in Uncategorized

Mortgage investors raise alarm as eminent domain spreads By Christina Mlynski...

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Second Mortgage Time Bomb

Posted in Mortgage Modification

Chapter 13 Bankruptcy Time Bomb: Mortgage Modification  by Eugene S....

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Modification Guidelines

Posted in Bankruptcy, Foreclosure, Mortgage Modification, Principal Reduction

Read the Hamp Handbook here. It will answer a lot of questions. Lenders may...

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To My Mortgage Modification Clients

Posted in Mortgage Modification

These are general instruction as to what you can do to make your modification...

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Business Sales

Posted in Business Attorney, Business Broker, Business Opportunity

Brokering, Buying, or Selling a Business When a business is being bought or...

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Tax on Principal Forgiviness

Posted in Principal Reduction, taxes

Folks underwater holding their breath Keith Harney Thanks to Seattle Times ...

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Better Transit – Flex Vans

Posted in Politics

IMPROVING TRANSIT THE FLEX VAN SOLUTION OVERVIEW Community Transit could...

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Water Safe To Drink

Posted in Politics

STOP ADDING TOXIC WASTE TO OUR WATER JOIN WASHINGTON ACTION FOR SAFE WATER AND...

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Fiber Optic Internet

Posted in Politics

What does Mount Vernon have that Snohomish County (my county) and most other...

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Seller Financing – The Original Financing

Posted in Seller Financing

AN ABBREVIATED HISTORY OF CREATIVE FINANCING The first forms of financing...

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I Help Brokers Do Seller Financed Deals

Posted in Seller Financing

I HELP BROKERS  STRUCTURE SELLER FINANCED DEALS  Brokers are licensed to write...

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Lease-Option Deals Open Doors

Posted in Seller Financing

LEASE-OPTION AND LEASE PURCHASE DEALS A lease-option or lease-purchase deal is...

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Legal Counsel To Buyers, Sellers, Brokers

Posted in Selected

Counsel to Real Estate Buyers and Sellers Purchase and Sale Agreements Written...

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Making Home Affordable Continues

Posted in Mortgage Modification

HAMP continues aiding borrowers Three firms still fall short in meeting...

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Wells Fargo – 3 Year Modification

Posted in Mortgage Modification

It is a long story, which I will tell later. For now I will just share the...

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Deceptive Practices in Foreclosures

Posted in Foreclosure

Deceptive Practices in Foreclosures Thanks to the New York Times September 13,...

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Low Modification Approval Rate

Posted in Fannie Mae, Mortgage Modification

This post comes from Martin Andelman. The low approval rate on modifications...

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Bankruptcy Timing

Posted in Bankruptcy

Bankruptcy Timeline Posted on August 21, 2013 by Jonathan Mitchell  Thanks to...

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Renters’ Rights in Foreclosure`

Posted in Foreclosure, Rental Modification

Renters in Foreclosure: What Are Their Rights? Federal law gives important...

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One Third of HAMP Modifications Redefault

Posted in HAMP 2

Three Years Later, One Third of HAMP Loan-Mods are Redefaulting Supposedly...

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Bank Sued For Letting Foreclosed Properties Rot

Posted in Lenders

View PhotoReuters/Reuters – A statue is pictured in front of the former...

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Banks Forgive Mostly Worthless Seconds

Posted in Second Mortgages

The Second-Mortgage Shell Game By ELIZABETH M. LYNCH   Thanks to the New York...

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More Foreclosures Coming

Posted in Foreclosure

Where is the housing market going in 2013? Thanks to CBS News   (MoneyWatch)...

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Consumer Financial Protection Bureau Guidelines

Posted in Mortgage Modification

U.S. Consumer Watchdog to Issue Mortgage Rules By EDWARD WYATT Thanks to New...

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Aurora, Bank of America, Citibank, Chase, MetLife, PNC, Sovereign, SunTrust, U.S. Bank, Wells Fargo –

Posted in Mortgage Modification

Independent Foreclosure Review to Provide $3.3 Billion in Payments, $5.2...

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Debt Forgiviness Will Be Imputed Income Unless Congress Acts

Posted in Mortgage Modification

Beware of IRS Tax Whammy With Short Sales and Mortgage Modifications in 2013...

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Filing for Bankruptcy Does Not Create Tax Consequences

Posted in Bankruptcy

Filing for Bankruptcy Does Not Create Tax Consequences Written by Craig D....

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Obama to Replace DeMarco – Stingy Leader of Fannie and Freddie

Posted in Mortgage Modification

BYE-BYE DEMARCO! Obama to Replace Director of FHFA 3 You know, I was having...

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California Puts Attorneys Out of the Modification Practice

Posted in Mortgage Modification

California State Bar RECENT Decision to Cause More Harm to Homeowners in...

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Principal Reductions – Department of Justice Settlement

Posted in Principal Reduction

If you owe more on your first mortgage than your home is worth, and if your...

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Stratigic Default

Posted in Mortgage Modification

Giving Up and Getting Out Foreclosures are no longer a last resort, and a...

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What Caused the 2007 Crash

Posted in Mortgage Modification

The Trillion Dollar Mistake That Triggered the Economic Meltdown Thanks to...

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Strategic Defaulters – To Jail With You

Posted in Mortgage Modification

FHFA Looking to Jail Strategic Defaulters by my friend Martin Andelman   The...

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Still No Justice for Mortgage Abuses

Posted in Mortgage Modification

Still No Justice for Mortgage Abuses September 1, 2012 Thanks to New York...

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Modifying Loans on Rental and Commercial Property

Posted in Commercial Modifications, Rental Modification

Under HAMP Tier 2, the Making Home Affordable program was extended to cover...

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GMAC Modification Makes Contractor Happy

Posted in Lenders

8-31-12 VZ is a hardwood floor layer and general contractor. His business...

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List Your Lawsuit When You File BK

Posted in Bankruptcy

What Happens When a Debtor Forgets to Schedule a Personal Injury Suit Thanks...

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Successful Citi Modification

Posted in Mortgage Modification

On this modification with Citi there was no principal reduction because the...

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Successful EMC Modification

Posted in Lenders

We have several modifications going with EMC. So far EMC seems to be...

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Midland Mortgage Modification

Posted in Mortgage Modification

We negotiated a good deal for Dennis and his wife. They went from a 9.5% rate...

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OCWEN – Principal Reductions – 2% Rate

Posted in Mortgage Modification

OCWEN Principal Reduction: We negotiated a $93,000 principal reduction for...

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Misconceptions About Modifications

Posted in Mortgage Modification

Read Richard Fonfrias on Seven Costly Misconceptions About Mortgage Loan...

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MERS Loans In Washington Must Now Be Foreclosed Judicially

Posted in MERS

MERS Loans In Washington Must Now Be Foreclosed Judicially In Bain vs. MERS,...

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Who is Liable on Business Credit Cards?

Posted in Mortgage Modification

Business credit cards and the individual bankruptcy case by Cathy Moran,...

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Can I keep a credit card out of bankruptcy?

Posted in Bankruptcy

Can I keep a credit card out of my bankruptcy? by Chip Parker, Jacksonville...

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Happy Clients

Posted in Mortgage Modification, Principal Reduction, Second Mortgages

I only post a quarter of the modifications we complete, and I have not posted...

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Forensic Audits Not Useful

Posted in Mortgage Modification

Homeowners: Don’t Be Scammed by Forensic Audit of Mortgage Docs Posted: 19 Jun...

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Mandelman Again on HAMP 2

Posted in HAMP 2

Things I think homeowners should know about loan modifications & HAMP-2...

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Should You Reaffirm a Mortgage in Bankruptcy?

Posted in Mortgage Modification

Should You Reaffirm a Mortgage in Bankruptcy? 12 Jun 2012 05:00 PM PDT Written...

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Life Estates and Remainder Interests Are Exempt in Bankruptcy Cases

Posted in Bankruptcy

Life Estates and Remainder Interests Are Exempt in Bankruptcy Cases Posted: 09...

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Martin Andelman on HAMP 2

Posted in Mortgage Modification

HAMP 2 is HERE Some say it’s the best HAMP yet, and they’re probably right...

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Stripping 2nd Lien in Chapter 7, 13

Posted in Bankruptcy

Can I Strip A Second Mortgage In A Chapter 7 Bankruptcy? by Carmen Dellutri,...

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Tax on forgiveness of mortgage debt

Posted in Bankruptcy, Principal Reduction

Current law relieves mortgage debtors from having to report forgiveness of...

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When can you file bankruptcy again?

Posted in Mortgage Modification

When Can I File Bankruptcy Again? by Bankruptcy Law Network There is no limit...

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This may be the best time to modify

Posted in Principal Reduction

The five biggest lenders – Bank of America, Chase, GMAC, Citi, and Wells...

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How to Surrender Property to Lender in BK

Posted in HOA

50 Ways To Surrender Your Property In Bankruptcy  by Eugene S. Melchionne,...

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Debt Settlement

Posted in Mortgage Modification

Don’t File Bankruptcy! by Douglas Jacobs, California Bankruptcy Attorney...

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Iceland forgives mortgage debt

Posted in Principal Reduction

Iceland forgives mortgage debt to save its economy by J. D. Heyes...

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Principal Reductions – If House Is Underwater

Posted in Principal Reduction

HUD secretary says some homeowners received $100K+ in principal reductions By...

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Bank of America Principal Reductions

Posted in Mortgage Modification

Bank of America has started sending letters to thousands of homeowners in the...

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Divorce During Bankruptcy

Posted in Bankruptcy

Divorce during Bankruptcy by Andy Miofsky, Illinois Bankruptcy Attorney One of...

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Foreclosure and Income Tax Consequences

Posted in Foreclosure

Foreclosure and Its Income Tax Consequences (TheNicheReport) — In a recent...

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Wells Fargo and Robo Signing

Posted in Mortgage Modification

By Travis Waldron, Think Progress Posted on April 20, 2012, Printed on April...

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Is consumer protection enough to fix housing?

Posted in Mortgage Modification

Is consumer protection enough to fix housing? HW Magazine April 2012 by...

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Washington Supreme Court Hears MERS Case

Posted in Mortgage Modification

WA State Supreme Court Hears Arguments in Case Against MERS   “May a party be...

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How Many Kids Have Fluorosis?

Posted in Mortgage Modification

4-1-12 Thanks to Paul Lamoreaux of Port Angeles who tracked down the...

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Principal write-down talk leaves out taxpayers

Posted in Principal Reduction

Principal write-down talk leaves out taxpayers Posted by Jessica Huseman on...

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Making Home Affordable Encourages Principal Reductions

Posted in Mortgage Modification

Making Home Affordable Encourages But Does Not Require Principal Reductions...

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Principal Reductions May Be Coming

Posted in Mortgage Modification

Freddie CEO signals GSE principal reduction could be soon By Jon Prior • March...

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No Free House

Posted in Mortgage Modification

Filing Bankruptcy And Getting Your Free House by Jay Fleischman, New York...

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Lauren Willis – Condemn mortgages and write them down

Posted in Mortgage Modification

GUEST POST: Good for the Banks, Good for the Borrowers by Law Professor,...

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FHA refinancing program means savings for those who can qualify

Posted in Mortgage Modification

FHA refinancing program means savings for those who can qualify The Obama...

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Raise the Minimum Wage

Posted in Mortgage Modification

Ralph Nader: Minimum Wage Needs To Catch Up With 1968 – OpEd Written by: Ralph...

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CA Attorney General Asks Fannie & Freddie to Stop Foreclosing

Posted in Mortgage Modification

Atty. Gen. Kamala Harris ASKS Fannie and Freddie to Stop Foreclosing Did you...

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Pooling and Servicing Agreement Look Up

Posted in Mortgage Modification

HOW TO FIND YOUR POOLING AND SERVICING AGREEMENT It may be very valuable to...

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Arizona asserting right to write down mortgages

Posted in Mortgage Modification

Arizona’s SB 1451 – Does Arizona Have the Right to Save Itself from Drowning...

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