Dieppa Law BlogModifications failing to be solution to foreclosure mess
CNBC reported that modification of defaulted loans were actually decreasing while new foreclosures are on the rise. As a foreclosure defense practitioner, I can speak from personal experience on this issue. The reality is this: banks do not want to modify loans. This has been forced on them by the government, but it is not supported [...]
HAFA short sales offer timely relocation assistance
Home Affordable Foreclosure Alternative is a government sponsored program that provides for no deficiency judgments, no cash contributions required from the seller(s) at closing, no request for a promissory note from the seller, and some relocation assistance. Only sellers short selling a primary residence qualify for this program. The first mortgage cannot be a government loan [...]
4th DCA of Florida Reverses Judgment for Bad Affidavit
On September 7, 2011, Florida’s Fourth District Court of Appeal reversed a summary judgment against the defendants, Gary and Anita Glarum, due to a robo-signed affidavit. Under deposition, the bank official could not swear to having personal knowledge of the facts attested to in the affidavit. The Court ruled that the affidavit was inadmissible. The [...]
New Proposal for Ending The Crisis
Bloomberg reported that Fannie Mae and Freddie Mac are considering proposal from the Obama administration that would permit borrowers to refinance. If put in place, it would permit borrowers to take advantage of the extremely low interest rates currently offered. The lack of equity in homes has been an obstacle to refinancing. For details go [...]
Must Read on BOA Settlement Talks
If you wonder why heads won’t roll as a result of the mortgage mess, read this article from Yahoo news and Forbes: http://news.yahoo.com/bank-americas-no-good-very-bad-enablers-170931303.html