Your “credit report,” and the “credit score” based on that report, are very important and can have a significant effect on your financial well-being including determining the interest rate you pay on loans and credit cards and whether you even qualify for a loan or purchase. The terms “credit report” and “credit score” are often …
Continue reading “Credit – Part 1: Your “Credit Report” And Your “Credit Score” Explained”
On October 31, 2016, The Court of Appeal of California, Second Appellate District, Division Seven, ordered a reversal in full of the prior judgment in favor of Defendant-Respondent physicians in a medical malpractice case brought by Steve B. Drexler against his former primary care physician, Defendant Dr. David J. Petersen, his former neurologist, Dr. Craig …
California’s new cannabis economy has been valued at 7 billion according to the Los Angeles Times. The following are important highlights from the LA Times article: “In November, California joined a growing number of states in legalizing recreational marijuana use for adults. In general, the state will treat cannabis like alcohol, allowing people 21 and …
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We recently obtained a jury verdict and judgment against Ocwen Loan Servicing, LLC (“Ocwen”) in the United States District Court for the Eastern District of California on behalf of our clients, Frank and Dora Cornejo (Case No: 1:15-cv-00993-JLT) on the claim that Ocwen foreclosed on their home in violation of Cal. Civ. Code §2923.6, which …
Continue reading “Ocwen Admits it Places Borrowers on a “Dual Path” to Foreclosure”
California Civil Code §2923.7, which is part of the set of laws commonly referred to as the Homeowner Bill of Rights (“HBOR”), requires that a loan servicer assign a Single Point of Contact (“SPOC”) to a borrower. While this may seem clear in the abstract, actually applying this requirement in the real world is a …
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SB 1150, also known as the Homeowner Survivor Bill of Rights (SBOR) takes effect in January 2017 after being signed by Gov. Jerry Brown. The bill’s objective is to provide struggling widows and other property heirs with protections against foreclosure, including protections similar to those given to homeowners under the Homeowner Bill of Rights (HBOR) in …
Continue reading “Survivor Bill of Rights Will Curb Foreclosure On Heirs In 2017”
BAKERSFIELD, CALIFORNIA (PRWEB) OCTOBER 26, 2016 A federal jury in Bakersfield, California awarded $39,642 in economic and statutory damages and $300,000 in emotional distress damages against Ocwen Loan Servicing, LLC (“OCWEN”) in favor of Frank and Dora Cornejo (Case No. 1:15-cv-00993-JLT, U.S. District Court for the Eastern District of California, Bakersfield Division). After post-judgment briefing, …
Bank of America has unveiled a new program that will forgive up to 30% of principal for distressed borrowers. “Bank of America Corp. has begun notifying some of its most troubled mortgage customers that it will reduce the amount they owe by as much as 30% if they make lowered payments on time over a …
Continue reading “BofA Unveils New Principal Reduction Program”
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