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I posted an article on debt settlement vs. bankruptcy several months ago but I think it bears repeating.  If you are struggling with debt and are considering your options to eliminate that debt, understand the true costs and pitfalls of debt settlement.  The New York Times, MSN Money, Fox Business, CNBC, and many others have ...

Leading Riverside Bankruptcy and Loan Modification Attorney Opens Office on Arlington RIVERSIDE, Ca – De Novo Law Firm, a leading bankruptcy and loan modification law firm based in Riverside, California, today announced the opening of a new office at 3637 Arlington Ave, Suite D.  The new office will serve customers in the Inland Empire seeking an ...

Principal Reduction Modification with Bank of America Although principal reduction is rare for a loan modification, we have been successful in obtaining loan modifications with principal reduction for our clients in Riverside County.  A recent loan modification we obtained for a client saved the clients both on their monthly payment as well as significant principal ...

As Riverside Foreclosure Attorneys, we often read about the potential settlements between banks and large investors.  A recent article on CNN points out that Wells Fargo faces new fines for lending law violations.  Wells Fargo has announced potential "legal costs" of $1 billion for its violation of lending laws by its mortgage division.  Although the ...

Critics of loan modification wonder why homeowners would stay in a home when the mortgage is underwater or they are having trouble affording the payment.  A recent article in the L.A. Times highlights one of the major reasons our firm helps homeowners seek loan modification – because they can’t afford to go anywhere else. The ...

ABC 7 recently reported on a homeowner who did everything she could to keep her home. Like so many Californians, after losing her job, Monica Kenney did everything she could to keep her home, even applying for a loan modification. She thought she got good news last summer. "Essentially, I received a forbearance agreement on ...

This week the L.A. Times reported that foreclosures are down from a year ago, and holding steady month-to-month throughout the U.S. An expert quoted in the article, CoreLogic executive Anand Nallathambi, said, “Since the foreclosure inventory is also coming down, this suggests that loan modifications, short sales, deeds-in-lieu are increasingly being used as an alternative ...

Nadya Suleman, otherwise known as “Octomom,” has filed for Chapter 7 bankruptcy protection.  Suleman listed $50,000 in assets against up to $1 million in debts, according to papers filed April 27th. The mom of 14 has been out of work and struggling financially for years. Creditors listed include Verizon Wireless, Sparkletts, Indy Mac Mortgage, Orkin ...

A recent article in the Press Enterprise states that homeowners are having difficulty refinancing their loans under the Home Affordable Refinance Program (HARP), a program under the government's Making Home Affordable Program.  HARP is a program designed to allow homeowners to refinance their homes into today's lower rates despite their inability to meet traditional lending ...