28th June 2009
Feldman Law Center - News by Feldman Law Center -- Recent statistics showed that foreclosure filings reached one million in May with indications that the number could swell to 2.4 million by the end of 2009. Unfortunately, much like filing bankruptcy, the...
28th June 2009
Feldman Law Center - News by Feldman Law Center -- According to a story in The Ventura County Star, Indy Mac (now named OneWest Bank after its seizure by FDIC last July and its subsequent sale to private investors) doesn’t seem to enjoy dealing directly...
28th June 2009
Feldman Law Center - News by Feldman Law Center -- In a move clearly targeting loan mod shops around the country, Sen. Charles Schumer said on June 2nd that he will amend a bill he introduced in early 2009 which initially focused on mortgage brokers doing...
28th June 2009
Feldman Law Center - News by Feldman Law Center -- A grinding recession has put already struggling homeowners in a position where household debt loads are quickly becoming unmanageable. Loan modification has become a well known remedy for those experienc...
28th June 2009
Feldman Law Center - News by Feldman Law Center --- A home loan modification, for many homeowners, is the only option standing between them being able to stay in their homes and being forced to move after a foreclosure, a short sale, or a “cash for keys...
05th June 2009
Loan modifications are working and are showing encouraging results but could be threatened by a softening economy over the long haul. “Efforts at mortgage loan modification are having positive results, but their ultimate success will depend on the traje...
05th June 2009
Homeowners that were denied loan modifications last year might give the process another try as lenders continue to sign on to the Obama Administration’s “Making Home Affordable” plan. “They might have been denied last year, but under the new guide...
05th June 2009
The busy world of loan modifications is starting to generate its own terminology. A “refault” now describes the situation where a homeowner in default on the mortgage applies for, and gets, a loan modification only to go back into default a short time...
05th June 2009
In the midst of today’s report about another consecutive record for foreclosures with California ranked third in the nation behind Nevada and Florida, some encouraging news was released showing that an indicator of future foreclosures actually dropped i...
05th June 2009
Banks continued to allow self imposed foreclosure moratoriums to expire in April, resulting in a new record for foreclosures for the month according to an industry report out today. It’s the highest monthly foreclosure rate ever posted since RealtyTrac,...
15th May 2009
During these trying times when mortgages, real estate prices and other financial arrangements are completely unstable, many homeowners are asking how they can qualify for a loan modification. Both the FDIC and the federal treasury are strongly supporting...
15th May 2009
As many Americans living in California are facing the possibility of falling behind on their mortgage, or even foreclosure, they are looking into how to qualify for a loan modification. California loan modifications can seem like a complex process, and m...
24th February 2009
By Feldman Law Center
Real estate markets are slowing. Interest rates are trickling down and the phones are ringing off the hook at Feldman Law Center. Home owners are in a panic and fear not selling their home and the inability to refinance adjustable r...
24th February 2009
Unexpected life changes are often a contributing factor to foreclosure
What makes it so difficult to think about foreclosure during times of crisis is that you are so focused on the problem at hand and not likely to have the time or energy to think abo...
