Dana Howard of News10 ran a story last night about life after foreclosure. The consensus was that there is life after foreclosure for most people. While some lenders will not give you a new mortgage right away, you will be…
Posts Categorized In: News
California Debt Blog: DIY Modifications
I keep getting calls from people who are trying to get modifications by themselves. These folks usually have a few things in common: They make under $70,000 per year; They own homes that were bought for $400,000 or more; They…
California Debt Blog: Debt Collectors Want to Avoid You
Somehow I got on the mailing list of a company that assists debt collectors. I don’t know how, but I got 6 emails from them yesterday. Then, two more today. The emails were all the same. The gist of the…
California Debt Blog: Be Wary of Foreclosure Consultants
I wrote before about being wary of attorney based services. Well, some people are now calling themselves foreclosure consultants. Most of these people are out of work mortgage brokers who need a job. The easiest job: call yourself a consultant….
California Debt Blog: Interest Rates Raised by Capital One
News out of the world of credit cards: Capital One has raised interest rates for almost 70% of its customers. Why? Because it can. Yes, your credit card company can change your interest rate for any reason -or no reason…
California Debt Blog: Banks Agree to Foreclosure Moratorium
Now four banks have agreed to a foreclosure moratorium. These are Bank of America, Wells Fargo, JP Morgan Chase, and Citigroup. According to CNN, the moratoriums are until the end of the first week of March, for the most part….
California Debt Blog: New Report for Tenants
I am expanding my consumer law practice to include tenant’s rights. Face it – more foreclosures lead to tenant’s being evicted. Banks apparently think they can sell unoccupied homes, despite the evidence that occupied homes sell faster. Landlords are trying…
California Debt Blog: Loan Modifications: A Simple DIY Error
Okay, so everyone wants a loan modification. Well, maybe not everyone, but a lot of people. And some people want to try it as a DIY project. This would be like trying to stitch yourself up after a serious cut…
California Debt Blog: Loan Modifications: More To Be Wary Of
I have written before about why you need to be wary of hiring these “attorney based services.” I also wrote about mortgage rescue companies. As you know, I believe you should only hire an attorney. If these two articles did…
California Debt Blog: State Workers Furloughed
Bad news for state workers in California: furloughs. The Governor has announced that all state offices will be closed on the first and third Friday of the month starting February 6 and running through June, 2010. This is an effort…