Arizona law explaining how a trustee’s sale (called a foreclosure) work. Some very practical tips and flow charts.

Tenants Facing Foreclosure Protected by New Federal Law

Most Tenants Facing Foreclosure Now Have Some Protection, at Least for 90 Days On May 24, 2018 a permanent extension of the “Protecting Tenants at Foreclosure Act” (PTFA) was signed into federal law.  The PTFA enables renters whose homes were in foreclosure to remain in their homes for at least 90 days or for the […]

Buying at a Foreclosure May Become a Disaster

Buying at a foreclosure sale “don’t let a bargain become a burden” Reprint from: Vandeventer Black LLP    USA February 14 2018 Looming maturity dates (for which borrowers are not prepared to pay the remaining balance) or other monetary defaults of numerous commercial mortgages may present many opportunities for purchasing property on a discounted basis. […]

Reverse Mortgage Nightmare – Why Seniors Are Losing Their Homes

Federal analysis shows reverse mortgage foreclosures are on the rise. The problem, say advocates, is that many senior homeowners don’t understand the fine print in a reverse mortgage. Some wrongly assume the lender will pay the taxes and insurance. But fall behind on those payments or fail to maintain the home, and the lender can […]

Bank of America Holds Family Hostage According to Judge

October 19, 2017 – Article posted in Bloomberg.com. Bank of America tries to bully a bankruptcy judge,  ignoring the consequences of illegal acts, but the judge is not standing for it. Bank of America seems to think they can bully a bankruptcy judge,  like they did a California couple in a nightmare foreclosure, but the […]

Typical Foreclosure and bankruptcy con artist scam

A typical story of a homeowner and the con artist scum who prey on desperate homeowners: “I tried to keep my home despite the fact they started foreclosure proceedings. I self represented myself and filed initial bankruptcy chapter 13 forms which stopped the first trustee sale/ auction date. I got stuck on the second set […]

Bank of America Penalized $45 M for Wrongful Foreclosure

In re: Sundquist v. Bank of America, NA | Bank of America Hit with $45 Million in Punitive Damages for Stay Violations In re: ERIK SUNDQUIST and RENÉE SUNDQUIST, Debtors SUNDQUIST v. BANK OF AMERICA, N.A.; RECONTRUST COMPANY, N.A.; BAC HOME LOANS SERVICING, LP, Defendants, United States Bankruptcy Court for the Eastern District of California,March […]

Big Banks Plead Guilty to Criminal Charges

Article in the Washington Post: Last week, Attorney General Loretta E. Lynch announced that five major banks were pleading guilty to criminal charges for what she described as a “brazen display of collusion” to manipulate the currency markets. 

Another Loan Workout Nightmare, plus Resources for Saving Your Home: Arizona

Yet another loan workout or modification scam.  I am disgusted by the number of calls we receive every week detailing a company or lawyer who takes someone’s hard earned money and fails to deliver on their promise to modify the home mortgage.

Fannie Mae Auctions “Sour” Mortgage Loans

According to Bloomberg News: Fannie Mae will begin bulk auctions of mortgages, including some sales targeted for non-profit groups and small investors, as Fannie Mae moves to reduce the number of non-performing loans “sour mortgages” on its books.

Increase in Credit Card Debt & Risky Home Loans