• 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. [...]

  • Banks face a high financial risk if they do not take the steps needed to identify borrowers who are at risk of falling short on payments. More than $221 billion of these loans at the [...]

  • Published On: October 4, 2013

    Using Bankruptcy to Save a Home is a Challenge and Must be Done with Careful Planning. It is also important to have the assistance of an experienced Chapter 13 attorney. WARNING: The default rate for [...]

  • The US Justice Department and a few brave judges are becoming very aggressive about the abuses large banks have suffered on their customers. Judges slam Wells Fargo Bank and Bank of America for their abusive [...]

  • Published On: September 25, 2013

    Arizona Legislature takes $50 million from the state’s share of a nationwide mortgage fraud settlement to balance the budget rather than helping homowners. This was money intended to help families who were losing their homes [...]

  • Frank Becerra Campos, 66, of San Diego, defrauds Arizona Latinos in a mortgage rescue scam. Collected at least $669,743 in up-front fees “in exchange for loan modification services they utterly failed to provide.” By [...]

  • Published On: September 22, 2013

    FHA easing rules if foreclosure or bankruptcy was caused by external economic factors, such as medical or loss of job. More than $221 billion of these loans at the largest banks will hit this mark [...]