Obama Bankruptcy Mortgage Cram Down Fails

April 30, 2009- The second step in assisting homeowners who are in jeopardy of losing their homes in foreclosure was defeated today in the U.S. Senate. The proposed law would have given bankruptcy judges the power to force lenders to modify mortgages on the...

No Foreclosure Moratorium

Beware of the news in the last several months about lenders or the state instituting a halt on foreclosures! Although California has passed new legislation to delay potential foreclosures, the banks are moving forward at record speed with trustee sales that may not be...

Obama versus big banks

Big Banks versus Obama, who will win the foreclosure dilemma? February 17, 2009- President Obama is set to outline the details of his housing foreclosure relief package this Wednesday in Phoenix. He will likely face significant republican opposition to any measures to...