Posts In 2009

Citi decides not to play Scrooge for the holidays, but in January all bets are off Dec 17

Trying to repair an image that is pretty bad right now, Citi has decided not to pursue foreclosures for the Christmas holidays. ...

AB 1046 Signed by Governor – $25,000 Increased Homestead Exemption Oct 15

The Governor signed AB 1046 (click here for history) on October 11. The bill increases the homestead exemption by $25,000. The ...

COP: HAMP Not Enough; Chapter 13 Mortgage Modification Needed Oct 09

The Congressional Oversight Panel appointed to oversee the Home Affordability Modification Program (HAMP) has put out a very ...

Where's the note, who's the holder: Enforcement of the promissory note secured by real estate | LoanWorkout.org Oct 08

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 ...

9th Cir BAP – “NO” to Stripped Mortgage and Surrendered Property Deductions on the Chapter 13 Means Test Oct 06

The Ninth Circuit BAP ruled in two cases, In re Martinez and In re Smith, that Chapter 13 debtors may not take deductions for ...

Wells Fargo Exec – “We know we’ve fallen short of our customer service goals. . .” Aug 04

Now there is the understatement of the year. In an article on The Business Journal, Mike Heid, co-president of Wells Fargo’s ...