May 21, 2012

Expect little change from new moratorium

Lots of calls today from folks wanting the scoop on the "new moratorium" here in California. Seems that some have misinterpreted the new law and believe that it may have a big impact.

The new law adds 90 days to the existing 3 months between the filing of a notice of default and a notice of trustee sale, but exempts servicers (lenders) who put in place a loan modification program.

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Medical Bankruptcy

ResCap Files For Bankruptcy, Eyes Paying Back Taxpayer Bailout Money

Ally Financial Inc’s mortgage unit, named Residential Capital (ResCap for short), filed for bankruptcy on Monday, according to Reuters. Ally … [Read More...]

Collegiate Concern, Investing In Your Future or Life-Long Financial Headache?

At a recent campaign trail stop to the University of Colorado, President Barack Obama stated that college is the best investment you can … [Read More...]