By Doug Jacobs
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Name: Douglas Jacobs
Email: djacobs@jacobsanderson.com
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About: See Authors Posts (23) on Dec 7, 2009 in Mortgage Reform | 0 Comments
Mortgage Modification in Bankruptcy not Dead Yet
On December 9th the full House of Representatives will consider H.R.4173, the Wall Street Reform and Consumer Protection Act. A bipartisan group of Representatives will offer an amendment to that bill to allow bankruptcy judges to modify the loans of homeowners in a Chapter 13 Bankruptcy.
Much like the bill, [...]
By Doug Jacobs
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Name: Douglas Jacobs
Email: djacobs@jacobsanderson.com
Site: http://
About: See Authors Posts (23) on Nov 30, 2009 in Foreclosure News | 0 Comments
Walk Away From Your Home Advises Report
An interesting report by a University of Arizona Law professor is causing some stir in the real estate industry. Professor Brent T. White suggests that homeowners who are seriously upside down in their home should just walk away.
According to Professor White, since the homeowner won’t recover any equity in [...]
By Doug Jacobs
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Name: Douglas Jacobs
Email: djacobs@jacobsanderson.com
Site: http://
About: See Authors Posts (23) on Oct 31, 2009 in Foreclosure Defense, Mortgage Modification | 0 Comments
Modification of a Home Loan: A Case Study
Last February I wrote a post about a retired woman’s struggle to keep her house, and how the mortgage company refused to grant a modification. Actually, they never refused, but were so darn incompetent in processing the papers and making any determination that the foreclosure marched on, and [...]
By Doug Jacobs
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Name: Douglas Jacobs
Email: djacobs@jacobsanderson.com
Site: http://
About: See Authors Posts (23) on Sep 12, 2009 in Mortgage Reform | 0 Comments
Mortgage modification legislation surfaces again.
By Doug Jacobs
closeAuthor: Doug Jacobs
Name: Douglas Jacobs
Email: djacobs@jacobsanderson.com
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About: See Authors Posts (23) on Jul 14, 2009 in Featured, Mortgage Issues | 0 Comments
In part 1, we discussed what you can do to keep your home. Here, we will look at your choices if you are willing to leave the house.
If you aren’t going to keep the house; you can either sell or abandon it. Selling property in this day and age usually means a short sale – [...]
By Doug Jacobs
closeAuthor: Doug Jacobs
Name: Douglas Jacobs
Email: djacobs@jacobsanderson.com
Site: http://
About: See Authors Posts (23) on Jul 12, 2009 in Mortgage Issues | 0 Comments
There are basically four choices for a homeowner who is behind in his house payments.
1. You can get caught up by paying the arrearage. Most mortgage companies want you to do this all at once, but if you can’t afford to come up with that much in cash, you can seek bankruptcy protection (typically a [...]
By Doug Jacobs
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Name: Douglas Jacobs
Email: djacobs@jacobsanderson.com
Site: http://
About: See Authors Posts (23) on Jul 6, 2009 in Mortgage Issues | 0 Comments
New legislation introduced, allegedly at the request of California Governor, Schwarzenegger, will make it tougher to get a mortgage modification in California. This legislation, California Senate Bill 94, includes language that says that attorneys can’t be paid for helping a homeowner apply for a modification until the process is completed!
Previous California legislation had similar provisions [...]
By Doug Jacobs
closeAuthor: Doug Jacobs
Name: Douglas Jacobs
Email: djacobs@jacobsanderson.com
Site: http://
About: See Authors Posts (23) on Jun 16, 2009 in Featured, Foreclosure News | 0 Comments
An additional 90 days has been added, is some cases, to the length of time for a California homeowner to cure a default in mortgage payments. The California Foreclosure Prevention Act went into effect on June 15, 2009. This bill extends the current 90 day period in California’s non-judicial foreclosure process between notice of default [...]
By Doug Jacobs
closeAuthor: Doug Jacobs
Name: Douglas Jacobs
Email: djacobs@jacobsanderson.com
Site: http://
About: See Authors Posts (23) on Apr 26, 2009 in Mortgage Issues In Bankruptcy, Mortgage Reform | 0 Comments
The mortgage modification bill is in the news again. Republicans and a group of Moderate Democrats Senators, opposed to passage of the “Helping Families Save their Homes in Bankruptcy Act of 2009,” are likely to push the bill to a vote this week on the Senate floor.
This is, unfortunately, bad news for those of [...]
By Doug Jacobs
closeAuthor: Doug Jacobs
Name: Douglas Jacobs
Email: djacobs@jacobsanderson.com
Site: http://
About: See Authors Posts (23) on Mar 30, 2009 in Featured, Foreclosure Rescue Scams | 0 Comments
New companies have sprung up all over the country, particularly in those areas where foreclosures have been high. These companies focus on helping a homeowner obtain a modification of their mortgage to avoid losing their home.
The problem is some of these “services” are simply scam artists trying to make a quick buck by preying on [...]