CalHFA Debacle with San Jose Short Sale My client requested a loan modification from CalHFA and was denied. The reason stated was “large surplus of funds.” Client contacted me to assist with a San Jose short sale. Value of property is $180,000. Loans on property: 1st … [Read more...] about CalHFA Debacle with San Jose Short Sale
San Jose Short Sales - Borrowers Sue Wells Fargo One of my morning routines is to spend an hour or so reading updates on what’s happening in the world of banks, lenders, servicers, Robo-Signing, foreclosures, short sales, etc. This is what I refer to as “The Land of Oz” because … [Read more...] about San Jose Short Sales – Borrowers Sue Wells Fargo
On Thursday, June 3, 2010, the California Senate approved a new foreclosure bill SB 1275. With a 21 to 12 vote, SB 1275 will be heard by the Assembly Banking Committee before it goes to the full Assembly for a vote. Sen. Mark Leno (D-San Francisco) and Senate President Pro … [Read more...] about A New Foreclosure Bill – Senate Bill 1275
An emergency measure taken this week, Senate Bill 94 is effective immediately and will remain in effect through January 1, 2013. The action taken by California Governor Arnold Schwarzenegger was designed to prevent distressed homeowners from being taken by companies charging … [Read more...] about California Governor Schwarzenegger takes Action for Californian’s facing Foreclosure!