Short Sale Update: HAFA Process Improvements
Bank of America is making a process change that will reduce cycle time and improve customer service for many short sales that are submitted with an offer. The change goes into effect Dec. 1, 2011, and impacts all short sales submitted with an offer in which the homeowner is eligible for the Home Affordable Foreclosure […]
Black & LoBello on the Radio
Click here to listen to the Legal Hour on KDWN AM720 from August 31st, 2011 in which Managing Partner, Tisha Black Chernine, Esq., discusses the Landlord/Tenant parking lot issues, mortgages sold to other lenders, bankruptcy issues, lender violations of consumer privacy rights, construction defect issues and estate planning to protect against creditors. Please tune in to AM720 KDWN’s […]
FTC Refunds Millions of Dollars to 450,000 Cheated Homeowners
Today, various news outlets have reported the Federal Trade Commission is issuing refund checks to homeowners that were overcharged by Countrywide Home Loans, Inc. These checks are a product of the FTC’s hefty settlement with Countrywide, which was made June of last year, after the FTC’s investigation uncovered severe inaccuracies in the Countrywide billings to […]
Homeowner Foreclosures on Bank of America (Yes, You Heard That Right)
In a modern-day evocation of David’s slingshot triumph over Goliath, a couple of foreclosed homeowners in Naples, Florida reportedly foreclosed on a Bank of America branch last week, their attorney actually having moving trucks pull up in front of a Naples branch to execute a foreclosure judgment against the bank. To read the full story, […]
Government Programs and Principal Reductions
Treasury officials confirmed that the Administration was examining principal reduction as a tool in the modification arsenal. Shortly thereafter, Bank of America unveiled a principal reduction program for borrowers whose LTV ratios are more than 120% (which is a large percentage of Nevadans as approximately 62% of our market is thought to be underwater). Hopes […]
Tisha Black Chernine quoted in the RJ
BofA unit ordered to halt foreclosures By John G. Edwards A Nye County district judge has ordered ReconTrust Co., a unit of Bank of America Corp., to stop most of its foreclosures in Nevada, based on allegations made by a Pahrump woman. To read the full article, click here.
Tisha Black Chernine talks to KKLZ
Click here to hear a clip from the KKLZ radio show in which Tisha Black Chernine, Esq., explains why banks stopped some foreclosure proceedings due to not being able to produce proper documentation.
Testimony in the Hearing on the TARP Foreclosure Mitigation Program
Click here to read Katherine Porter’s testimony before the Congressional Oversight Panel at the Hearing on the TARP Foreclosure Mitigation Program in which she describes how the allegations of legal errors in the foreclosure process may impact the housing markets, the soundness of banks, and the overall financial markets.
LVRJ Article: Nevada attorney general sues BofA over trade practices
Attorney General Catherine Cortez Masto on Friday said her office filed a lawsuit against Bank of America, seeking a court order to stop the giant bank from continuing to use deceptive trade practices against homeowners. Click here to read the full article.
Huffington Post Article: Tom Miller says, “We Will Put People In Jail” For Foreclosure Fraud
The leader of a nationwide investigation of foreclosure fraud told homeowners Tuesday that the probe will have some serious consequences for bankers. To read the full article click here.