After more than 18 months of battle with her lender, Wells Fargo, Berkeley homeowner Tanya Dennis convinced the bank to modify her mortgage. Tanya Dennis, a short, 63-year-old woman started her fight against the lender by breaking into her own house, after Wells Fargo foreclosed on her and Alameda County sheriff deputies evicted her. However, [...]
There are millions of Americans fighting foreclosure and most of them hope that they will obtain a loan modification. For Gary Robinson it is a stress for two years now. "It adds a lot of stress," Robinson said. "You don’t know where it’s going to end up. You don’t know whether to plan to move." [...]
The former home of Bank of America Home Loans located at 136 W. Napa St. in Sonoma has been put on notice that its owners are in default and the building and property at 136 and 144 W. Napa St will be put on foreclosure sale on June 7. The notice of default shows $3.7 [...]
Britannia Business Center 3, a big office complex in Pleasanton has been hit by a mortgage default that totals $35 million, making the second group of Hacienda Business Park buildings controlled by the same owner that have entered default. Two years ago, Britannia Business Center 2, the approximately 276,000 square-foot complex slipped into default on [...]
The state’s plan to help troubled homeowners facing foreclosure was launched this week in California with the California Housing Finance Agency taking applications on a toll-free phone line. This program is designed to help homeowners receiving unemployment benefits keep current on their mortgage payments, so it will give as many as 60,000 eligible homeowners a [...]
The Scotts Valley Hilton hotel faces foreclosure sale set for January 18 for an unpaid debt of $16.8 million. According to default notice filed with the county, $1.2 million was owed as of middle of July. The third quarter number show 582 hotels is default for foreclosed, which is a 71% increase from 2009, Atlas [...]
According to a statement issued by an East Bay law firm, they mistakenly sent out thousands of letters to San Francisco homeowners earlier this month, warning them that their properties were in default. The catch is that the homeowners weren’t delinquent. The letters were sent out by Provident & Associates, a Pleasantown-based law firm, created [...]
Cotchett, Pitre & McCarthy sued a Los Angeles-area law firm for allegedly collecting illegal fees for a "forensic loan audit" from San Francisco Bay Area couple promising to stop the foreclosure of their property -which they lost very quickly. Mercedes and Orlando Erazo filed a lawsuit in San Mateo County Superior Court accusing attorney Francisco [...]
Struggling homeowners may have a helping hand coming from the California Legislature. SB1275, authored by Mark Leno, D-San Francisco would require mortgage servicers to decide whether the borrower applying for a loan modification qualifies to receive that modification before they send the notice of a foreclosure sale. Many would think banks are eager to do [...]
