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California Passes Protections for Homeowners Facing Foreclosure

According to the L.A. Times, California legislators have passed new laws that now await Governor Brown’s signature. These laws would provide the toughest protections for consumers facing problems with the mortgage. “The legislation would make California the first state to prohibit lenders from “dual tracking,” the practice of negotiating with clients to modify a mortgage … Read more

Mortgage Modification Company Owner Shmuckler Sentenced to Prison

Howard R. Shmuckler, 68, of Virginia Beach, Va., was sentenced yesterday to 90 months in prison, followed by three years of supervised release, for running a fraudulent mortgagerescue business that received substantial fees but actually modified clients’ mortgages in only a few cases. The court ordered that this sentence be served consecutive to a 75 … Read more

Good News for California Mortgage Holders

California attorney Kristen Crone from UFAN Legal Group wanted me to share this recent case result with readers who might be California mortgage holders. She labels it as good news for some. “New case just decided in California that essentially says, “When original lender holding both first and second deeds of trust securing signle residential … Read more

Reader Makes Claims and Raises Issues About Fieldstone Law and National Advocacy Law Center

I received the following tip from a reader below about Fieldstone Law and National Advocacy Law Center. If you know anything that might be helpful, please post it in the comments section below. I have verified that [National Advocacy Law Center] was fieldstone law and law offices of frank barilla. If you visit www.Nationaladvocacylawcenter.com you … Read more

Forensic Mortgage Loan Audit Scam Kicked in Nuts by FTC

At the request of the Federal Trade Commission, a U.S. district court has halted an operation that allegedly preyed on financially vulnerable homeowners, convincing them to pay $1,995 or more by holding out bogus promises that they could help them avoid foreclosure and renegotiate their mortgages. The complaint was filed against Consumer Advocates Group, Paramount … Read more

The Effect of Bankruptcy on Your Mortgage.

What most residential mortgage borrowers do not understand is the a bankruptcy only discharges personal debt. A bankruptcy will not eliminate a security interest in property. In reality, a bankruptcy discharge may have no effect whatsoever on a borrower in relation to the mortgage if the debt is a non-recourse debt. To truly understand the … Read more

Foreclosure Victim Guide on How to Get Compensation You Are Entitled To

by Paul Kiel ProPublica, If you’re a victim of banking abuses during the foreclosure crisis, the government says it’ll make sure you receive compensation from your bank. It’s a simple idea. But for victims, determining who’s eligible, how to apply, and when you might get a check in the mail isn’t simple at all. So … Read more

Billion Dollar Foreclosure Settlement Money Goes Elsewhere

by Paul Kiel and Cora Currier ProPublica States have diverted $974 million from this year’s landmark mortgage settlement to pay down budget deficits or fund programs unrelated to the foreclosure crisis, according to a ProPublica analysis. That’s nearly forty percent of the $2.5 billion in penalties paid to the states under the agreement. The settlement, … Read more

Mortgage Modification Company Former Owner Facing 80 years in Jail

Isaak Khafizov, a former owner of American Home Recovery (AHR), a mortgage loan modification business, was found guilty yesterday in Manhattan federal court of conspiracy, mail fraud, and wire fraud in connection with a scheme to defraud distressed homeowners and lenders. Khafizov was convicted after a ten-day jury trial presided over by U.S. District Judge … Read more

Apparent Pamela Gressier – Prudent Law Fan – Not Happy With GetOutOfDebt.org

The debt world is an interesting one. You get to meet all types of people. The latest interesting interaction began yesterday over Pamela Gressier – Prudent Law Group – Consumer Complaint – 5-2-2012 following the posting of this comment on the consumer complaint. Johnson You people seem to be obsessed with this one company and … Read more

Texas Man Sentenced to Jail for Foreclosure Rescue Scam

An Austin, Texas, man was sentenced yesterday in the Western District of Texas to 61 months in prison and was ordered to forfeit $84,010 for his role in operating a foreclosure-rescue scam in Southern California and elsewhere that charged distressed homeowners fees in exchange for fraudulently delaying foreclosure sales. Frederic Alan Gladle, 53, was sentenced … Read more

Debt Relief Law Center Attorney Takes Cash to Modify Mortgages and Gets Disbarred Instead

A Los Angeles attorney accused of misappropriating $1.1 million from 10 clients has agreed to be disbarred, the State Bar announced Wednesday. In one of the largest misappropriation cases ever handled by the Office of Chief Trial Counsel, Vafa Allan Khoshbin [bar# 165486], 52, had promised clients he could get their first mortgages modified and … Read more

Saen Higgins Alleged Wealth Without Risk Related Companies Nailed By FTC

Not long ago I wrote about a relationship between the current Saen Higgins Wealth Without Risk infomercials and a possible tie between Higgins and one of the companies named in the FTC announcement below. You can read my previous article that shows the connection between entities named after Higgins and Family Products, Are Wealth Without … Read more

How Long After Bankruptcy Can I Buy a House?

How long after bankruptcy can I buy a house? Well there is a question that people often want to know. They assume they will not be able to buy a home or get a mortgage after bankruptcy but that’s just not true. The reality is most people that claim you can’t get a mortgage after … Read more

Foreclosure in America. The All Too Common Story of How Dreams Turn to Dirt.

by Paul Kiel ProPublica Sheila Ramos’ grandsons, 10 and 13, started crying. They wanted to know where the house was. There wasn’t one. There was only a tent. They had flown from Florida, after Ramos had fallen hopelessly behind on the mortgage for her three-bedroom home, to this family-owned patch of rural land on Hawaii’s … Read more