More than one million California homes were lost to foreclosure between 2008 and 2011—with an additional 700,000 currently in the foreclosure pipeline. Seven of the nation’s 10 hardest-hit cities by foreclosure rate in 2011 were in California. The California Homeowner Bill of Rights marks the third step in Attorney General Harris’ response to the state’s [...]

With today’s low mortgage rates, there are several opportunities that could help you refinance your loan even if you’re upside down in your house. Clark Howard talks about two options in this short video. If you would like additional options, please feel free to call me. Refinance your home – even if upside-down.   Scott [...]

On Monday, March 12th, the proposed Settlement documents were filed in Federal Court revealing what each of the Lenders is required to do. You can read the details at http://nationalmortgagesettlement.com/. How they’ll meet those obligations is critical to upside down homeowners. Those details are slowly emerging through analysis, press-releases, and side deals. Here’s what you [...]

As reported in DSNews.com, government officials have announced changes to the administration’s Home Affordable Modification Program (HAMP) which are expected to extend relief to a larger share of struggling homeowners as well as renters, according to federal officials. One of the key adjustments to the program centers around principal reductions. HAMP currently includes an option for servicers [...]