Blog Posts in 2009

All Posts
  • Citi decides not to play Scrooge for the holidays, but in January all bets are off
    Citi decides not to play Scrooge for the holidays, but in January all bets are off

    Trying to repair an image that is pretty bad right now, Citi has decided not to pursue foreclosures for the Christmas holidays. But, because life does go on, they will start back up again in January. ...

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  • AB 1046 Signed by Governor – $25,000 Increased Homestead Exemption
    AB 1046 Signed by Governor – $25,000 Increased Homestead Exemption

    The Governor signed AB 1046 (click here for history) on October 11. The bill increases the homestead exemption by $25,000. The full bill can be found here. The homestead exemption is increased to ...

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  • COP: HAMP Not Enough; Chapter 13 Mortgage Modification Needed
    COP: HAMP Not Enough; Chapter 13 Mortgage Modification Needed

    The Congressional Oversight Panel appointed to oversee the Home Affordability Modification Program (HAMP) has put out a very interesting 6-month report on the effectiveness of HAMP. The report first ...

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  • Where's the note, who's the holder: Enforcement of the promissory note secured by real estate | LoanWorkout.org
    Where's the note, who's the holder: Enforcement of the promissory note secured by real estate | LoanWorkout.org

    This is a very good article about finding a note holder for a real estate loan: Where's the note, who's the holder: Enforcement of the promissory note secured by real estate. It was written by Hon. ...

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  • 9th Cir BAP – “NO” to Stripped Mortgage and Surrendered Property Deductions on the Chapter 13 Means Test
    9th Cir BAP – “NO” to Stripped Mortgage and Surrendered Property Deductions on the Chapter 13 Means Test

    The Ninth Circuit BAP ruled in two cases, In re Martinez and In re Smith, that Chapter 13 debtors may not take deductions for payments on stripped mortgages and surrendered property, respectively. ...

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  • Wells Fargo Exec – “We know we’ve fallen short of our customer service goals. . .”
    Wells Fargo Exec – “We know we’ve fallen short of our customer service goals. . .”

    Now there is the understatement of the year. In an article on The Business Journal, Mike Heid, co-president of Wells Fargo’s mortgage unit is quoted as saying, “We know we’ve fallen short of our ...

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