A federal bankruptcy judge has had enough. After countless complaints of Wells Fargo giving homeowners the runaround and driving them into bankruptcy court, the Honorable Randolph Haines has ordered Wells Fargo to testify as to their loss mitigation policies.
I can tell you from personal experience that Wells Fargo is by far the most difficult lender [...]
This recent bit of news comports with my personal experience on the ground. Citigroup has been one of the most receptive and better organized banks in terms of assisting homeowners with loan modifications. Citigroup’s people tend to be better trained and their support systems more efficient.
If a client comes to me for help with [...]
Avvo.com is the nation’s fastest growing online directory for attorneys. Avvo.com surpasses Martindale-Hubble in growth and is set to soon displace them as the most visited online lawyer directory. People may ask legal questions and get some straight answers from legal practitioners in the relative area of law.
Today, Avvo.com chose Mr. Boulgourjian’s article, [...]
Must history be destined to repeat itself? Less than five years ago, mortgage powerhouses FannieMae and FreddieMac, at the urging of the Bush Administration, agreed to support the writing of no money down, no documentatation, stated income mortgage loans to buyers with mediocre to poor credit. One of the most problematic features of such loans [...]
Rep. Maxine Waters recently attempted to assist two of her constituents who were in trouble.
Tragically, Rep. Waters’ experience is more the rule than the exception. Poorly trained personnel, overloaded staff and systems, a general reluctance to compromise. Be prepared, educated and tenacious or find someone who deals with this situation every day to help you.
Raffy [...]