The Federal Reserve Bank of Richmond, fine folks who try to help the economy, have put together a resource on foreclosures. The one I like the best: Foreclosure Hot Spots Map. You can take a look and see where foreclosures…
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California Debt Blog: Trends in Foreclosures
I thought I would give you an update on what I am seeing in foreclosures. This mainly applies to California families, but attorneys I know in other states are telling me similar things. A few of the lowlights: Banks are…
Settling a Property Damage Claim
Okay, so hypothetically lets say you are leasing a 2007 Lamborghini. Nice car. Very nice. You have collision coverage on it, as is required by the lease. And some guy driving a 1972 Ford Pinto rear ends you. After all,…
California Debt Blog: Foreclosed Properties Driving You Crazy?
Are you living in a neighborhood with a lot of foreclosures? Are the foreclosed homes bringing in vagrants, vandals and Viacom? (Okay, work with me – it is Sunday and I had no where to go with that!) What to…
California Debt Blog: FAQ: Power of Sale Notice Requirements in California
A notice of default is recorded after a default occurs in the county in which the property is located. This does not necessarily occur after one or more payments are not met but may occur after a loan is in…
California Debt Blog: FAQ: How long does it take to foreclose a property in California?
This process may be delayed for various reasons however; it usually takes a minimum of 120 days to effectuate an uncontested non-judicial foreclosure.
California Debt Blog: FAQ: What are the legal instruments that establish a California mortgage?
The documents are known as the deed of trust, note, and in a commercial transaction, a security agreement. Alternatively, a mortgage is filed to evidence the underlying debt and terms of repayment, which is set forth in the note.
Road Safety Measures
Tony Bizjak of the Sacramento Bee had an article in yesterdays paper about road safety measures. Some of the ideas are counter-intuitive but work. These ideas include removing safety devices like stop signs. Tony writes: “Danger lurks on the road,…
California Debt Blog: Avoid the call from your former broker
I received a few fascinating calls in the last couple of weeks that I have not written about yet because I thought it was just a fluke. But then I read about it in the California Bar Journal this week….
California Debt Blog: New trend: Trying to collect on non-recourse loans
I have come across a new trend and I need to alert you to it. Debt collectors are trying to collect on non-recourse loans. Let me explain. When you take out a mortgage, any mortgage you use to purchase the…