• Review from one of our clients who needed help with collecting their excess sale proceeds. We were very impressed with what you did and the knowledge you had in getting the job done." "It didn’t [...]

  • Arizona anti-Deficiency Law: Since 1971 Arizona law has normally protected the borrower who defaults on a home loan. A lender could foreclose, but could not sue the borrower if the loan was on property 2 [...]

  • Homeowners’ association received special treatment in bankruptcy. Depending on your situation it is possible that both federal and state law comes into play. Do you have a homeowners association?  Do you want to know your [...]

  • HAMP report indicates that nearly 30 percent of those who qualified for HAMP relief have defaulted again. The other day a caller said "I used a document preparer or bankruptcy petition preparer. Certainly they have [...]

  • Published On: December 27, 2013

    For several years I have been explaining that no one can predict the length of time that FHA, Fannie Mae or HUD, or a specific lender will require a homeowner to wait to qualify for a new home loan after a prior foreclosure, short sale or bankruptcy.

  • National City Bank to pay $35 million for overcharged black and Hispanic borrowers on mortgages from 2002 through 2008. National Bank is now PNC Financial Services Group. National Bank charged with discrimination. Federal [...]

  • Published On: December 23, 2013

    OCWEN TO provide $2 billion in principal forgiveness relief to homeowners throughout the next three years as part of a settlement agreement. The other day a caller said "I used a document preparer or bankruptcy [...]

  • Published On: December 21, 2013

    Diane L. Drain to be featured speaker on "Demystifying Current Real Estate Problems. The other day a caller said "I used a document preparer or bankruptcy petition preparer. Certainly they have obligations to keep my [...]

  • Published On: December 18, 2013

    Arizona has the third highest negative equity - with approximately 22% negative and 4% near negative equity. The other day a caller said "I used a document preparer or bankruptcy petition preparer. Certainly they have [...]

  • Published On: November 29, 2013

    The Next Balloon to Burst: Home Equity Lines of Credit (HELOC) hitting 10 year anniversary More than $221 billion of these loans at the largest banks will hit this mark over the next four years. [...]