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Clients often ask whether they may keep their car despite filing Chapter 7 bankruptcy.  The answer for most people in Riverside is yes.  If your car is financed and you do not have significant equity, the trustee and creditors will likely have no interest in the vehicle.  As a result, the only person you will ...

In an agreement with the Fed, Wells Fargo has agreed to pay an $85 million dollar fine for predatory lending practices that happened from 2004 to 2008.  The Fed claims that Wells Fargo employees steered loan applicants with prime credit into subprime loans.  These subprime loans gave borrowers higher rates, elevated fees, and one-sided loan ...

Although the legislation has yet to pass, the Press Enterprise reports that there is momentum gaining for new legislation aimed at making it easier for homeowners to refinance their property at today's rates.  The legislation will help nearly 2 million people who could benefit from more affordable payments at today's mortgage rates.  While the proposed ...

Predatory lending is a general term used to describe several deceptive and fraudulent business tactics used by the mortgage industry.  Much of the real estate boom in the last decade may be attributed to relaxed lending standards and questionable loan practices.  Among those practices include illegal or fraudulent acts by banks to approve loans to ...

Debt collectors can be aggressive, to say the least. They have a reputation for being relentless. They will do and say just about anything to try to get some of your money. This is a brief guide of how to handle these harassing calls. Should I deal with debt collectors, try to avoid them, or ...

Marie Calendar's "Pie Month" may soon be a thing of the past.  The parent company of Marie Calendar's and Perkins Restaurants has filed for bankruptcy.  Despite the recent bankruptcy filing, Marie Calendar's will continue to operate as it restructures its business.  Rising food costs and a major recession in California and Florida have contributed to ...

La bancarrota le da la oportunidad de comenzar de nuevo. Usted puede detener: embargos de salario, llamadas de acreedores, ejecuciones de una hipoteca (foreclosure), y las recuperaciones. Empiece hoy mismo, detenga a los acreedores y obtenga un Comienzo Fresco….. Llame Ahora al (951) 801-5570 comienze su evaluación GRATIS por este medio

In an article posted today, the Press Enterprise reports that foreclosure activity continues to dip when compared to a year ago.  Despite the dip, foreclosures in Riverside county remain high with one of the highest foreclosure rates in the country.  Additionally, home inventory has remained constant indicating that despite a decrease in foreclosures, sales are ...

In an article that reads like something out of "The Onion", the Wall Street Journal reported today that Region's Financial Corp. is investigating whether its executives misled shareholders about the health of subprime securities in 2007.  Region's is investigating whether executives delayed the disclosure of loans that were failing before and during the financial crisis.  ...