Senate Bill 94 – FAQS from the CSB
The California State Bar recently issued a FAQ on how to interpret SB 94 and what practices will be allowed under the new law. However, the FAQ is only 3 questions long and addresses only a few of the issues raised by SB 94. Nonetheless, it [...]

Banks Fail To Modify Mortgages - Homeowners tell how firms failed to redo home loans

By Kevin G. Hall
McClatchy Newspapers

Nearly three years into the deepest U.S. housing slump in generations, lenders are modifying only a small number of problem mortgages, and rising foreclosures are retraining the economy’s recovery.

The Obama administration has stepped up pressure on lenders [...]

Nevada recently passed a bill that requires all lenders to appear for mediation prior to foreclosing on a property. The bill has now been utilized to force lenders to the mediation table before they foreclose.

The Nevada Foreclosure Mediation Program has received its first three requests for mediation as the homeowners work to save their [...]