Browsing All Posts filed under »California«

Rise of the foreclosure zombies….

July 15, 2014

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Apparently, the  Consumer Financial Protection Board (CFPB) is having a difficult time locating homeowners who have deserted foreclosed on properties—known in parlance as “Zombie foreclosures.” Despite a mortgagor being in trouble and possibly losing their property, if they aren’t keeping up with the repairs, landscaping, etc, they can be charged with “abandonment”—even if the house is […]

Occupy DC Protests Freddie Mac Foreclosure of One Family

February 29, 2012

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An elderly woman is being championed by Occupy DC because Freddie Mac foreclosed on her home even though she had the ability to pay her mortgage. Why? Because they repeatedly lost her paperwork. Sadly, losing the paperwork of homeowners is a very frequent occurrence during the loan modification process. More than that. homeowners were often […]

California Attorney General Calls for Halt of Foreclosures

February 29, 2012

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According to U-T San Diego, Kamala Harris is calling for a stop to all foreclosures on loans owned by Fannie Mae and Freddie Mac in the state of California.   If this would happen, it would put a lot of pressure on other states to do the same thing.  The inventory of real estate on […]

CalBank Set to Foreclose on Corona Synagogue

January 28, 2012

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The LA Times reports that CalBank is preparing to foreclose on a synagogue, Congregation Beth Shalom, in Corona, California. “”No question, we took a hit on the amount of money coming in. We built at the worst possible time, like a lot of people around here,” said congregation President Bruce Williams. “We need some help […]

Get an Audit of Your Foreclosure

January 28, 2012

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“Last year, Bank of America, Wells Fargo, JPMorgan Chase and other big servicers agreed to give more than 4 million borrowers who were in some stage of foreclosure between Jan. 1, 2009, and Dec. 31, 2010, the option of an independent audit of their loan account.” For information related to this audit, foreclosures and bankruptcies […]

Foreclosed Homes Reentered By Owners

January 27, 2012

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With a family living in the house, it will not be stripped for its wires and fixtures. The home will also not be occupied by criminals and vagrants.

Personal Bankruptcy: Chapters 7 and 13 Explained

January 22, 2012

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What happens when you can’t pay back debt? This video describes personal bankruptcy after a little bit about the history of how unpaid debt has been handled in history. Sit through that and you will be informed about Chapters 7 and 13 Bankruptcy.