It appears that the Mortgage Debt Relief Act of 2007 will be extended for one year. The Senate is currently making amendments to the Bill, passed in the House earlier this morning and the President has yet to sign, however, with those caveats the extension is expected to be included. Here is the text from […]
Omission Of A Trustee On Deed Of Trust Does Not Prevent Enforcement Of The Deed Of Trust.
After homeowners/borrowers fell more than $90,000 behind in payments, the beneficiary of the deed of trust substituted an entity as trustee to initiate nonjudicial foreclosure proceedings. The homeowners sued to set aside the sale because the deed of trust failed to designate a trustee. Both the trial court and the appellate court held the omission […]
How Can I Protect Against Foreclosure?
When foreclosure threatens, what are your options for keeping your home? Loan Modification is the most well known way to stay in and keep your home if you get behind on payments. There are a number of programs depending on your lender and servicer that you may qualify for and also if Freddie Mac or […]
Foreclosure or Short Sale: Loss Mitigation Strategies for Homeowners, Realtors, and Attorneys Video Release
Tonight I am at Double Mountain Studios editing our “Foreclosure or Short Sale: Loss Mitigation Strategies for Homeowners, Realtors, and Attorneys” video. About to launch to the public! Stay Tuned for our release announcements coming soon . . .
Can A Second Deed of Trust Holder Sue Its Borrower After Foreclosure?
On June 20, 2012, the Fourth District Court of Appeals, Division Three, in Cadlerock Joint Venture, L.P., v. Lobel (Case No. G045936) recently decided a novel question of law. In Cadlerock, the Court asked when a single lender contemporaneously makes two non-purchase money loans secured by two deeds of trust referencing a single real property […]
What Is A Non-Judicial Foreclosure?
Check out this video from Mark Mellor on information about Non-Judicial Foreclosures. Contact The Mellor Law Firm’s foreclosure attorneys in Murrietta, CA and surrounding Inland Empire communities for more information about foreclosure.