Posted on Jul 22, 2011 By Home Law Realty
Firm commentary: The facts stated in the article below should come as no shock. This type of business practice was the norm within the sub-prime mortgage culture. $85 million is a drop in the bucket ...
Continue reading "Wells Fargo fined $85 Million for ripping off borrowers...who gets the money?" »
Posted on Jul 21, 2011 By Home Law Realty
Firm commentary: The article below reports that Federal Reserve Chairman Ben Bernanke and Acting Comptroller of the Currency John Walsh are refusing to release details of their investigations into ...
Continue reading "FED refuses to release investigation details to U.S. Senate-"It is not acceptable to violate the law, and it is not acceptable to do robo-signings"-Senator Menendez" »
Posted on Jul 20, 2011 By Home Law Realty
Firm commentary: Effective July 15, 2011....Jerry Brown signed a new law that prevents junior lien holders from pursuing deficiency judgments from homeowners if the lender agrees to a short sale. This ...
Continue reading "New CA law eliminates second mortgage liability after short sale, but not foreclosure...but read the fine print" »