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Many clients in the Riverside and San Bernardino areas are worried about keeping their assets in bankruptcy.  Contrary to popular belief, filing bankruptcy does not automatically mean you will have to give up your home or your cars.  On the contrary, many homeowners are able to keep their homes and their vehicles despite eliminating credit ...

President Obama announced in the recent State of the Union address that he would make major changes to the current government programs to help homeowners who are underwater on their home but are current on payments.  A recent article in the Riverside Press Enterprise reveals that President Obama has expanded the program.  The article can ...

Since much of the work I do involves clients who want to keep their home, I don't often discuss the benefits of short sales.  For many clients, a short sale can be the best option to protect credit and ensure long-term financial health.  A short sale is the process where a bank agrees to sell ...

A recent article in the Press-Enterprise claims that "Fewer Loan Mods Grated."  According to the US Comptroller of the Currency, there are fewer homeowners who will qualify for a modification as a new wave of foreclosures looms on the horizon.  According to the article, "Numbers of modifications are shrinking because servicers are exhausting the pool ...

I have received several questions obtaining a loan modification from EMC in Riverside County and Orange County.  EMC mortgage is owned by JP Morgan Chase.  During the real estate boom, EMC operated under its own name as a seperate division.  Since the market crash, EMC no longer operates as a separate division but is handled ...

In a move that should not come as much of a surprise, Freddie Mac announced that mortgage servicers are authorized to provide unemployed borrowers with up to six months of forbearance.  As a result, if you are an unemployed mortgage owner of a loan with Freddie Mac, you may apply for and receive six months ...

A recent article in the LA times finds that personal bankruptcies in 2011 decreased from 2010.  In 2011, 1.35 million Americans filed for bankruptcy protection.  That is down from nearly 1.5 million Americans who filed bankruptcy is 2010.  What is more alarming is the number of individuals who have filed bankruptcy in Riverside and San ...

In a study that should surprise no one, sentiment among homeowners to sell their homes is at a record low.  Among the general public, only 7% believe it is a good time to sell your home.  During the time period of 1992 through 2005, 40-60% of homesellers believed it was a good time to sell ...

Struggling with Debt?  You have several options... De Novo Law Firm can help you with your debt.  Our experienced attorneys are familiar with all of your legal options and will give you direction in dealing with debt.  De Novo Law Firm offers a completely free consultation with no obligation.  Contact us today at (877) 346-7411 ...