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90 day foreclosure moratorium

California’s foreclosure moratorium does little to help homeowners

by Moe Bedard

SF Bay view- The California Foreclosure Prevention Fraud of 2009 – The California Legislature is now actively collaborating in the bankers’ coup d’état led by Government Sachs. Here are the details:
This is a great editorial on the recent California foreclosure moratorium that is really just more propaghanda to silence and confuse struggling homeowners.
I first reported [...]

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California Foreclosure Moratorium

by Moe Bedard

Attention homeowners! We have yet, another mortgage assistance bill to supposedly help you out and impose restrictions on mortgage servicers who “do not have” a loan modification program in place. Well, last time I checked (daily), almost every single lender and mortgage servicer has some type of shitty program in place.
Yes, I said shitty.
Meaning their [...]

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Governor Schwarzenegger Places 90 Day Freeze on California Foreclosures

by Moe Bedard

California Governor, Arnold Schwarzenegger signed into law a 90-day moratorium on home foreclosures on Tuesday. The foreclosure freeze bill will impose a 90-day moratorium on foreclosures in the state of California.  The bill exempts lenders who have a loan modification program in place meeting the standards set forth in the bill.

One such mortgage servicing standard [...]

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Moe’s Housing Predictions for 2009

by Moe Bedard

I feel we are on the verge of that prediction coming true. So, I thought I would reveal some of my common sense housing predictions for 2009 that have been in my head all year and share them with my readers.

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Governor Schwarzenegger Proposes Loan Modification Freeze

by Moe Bedard

California Gov. Arnold Schwarzenegger is imposing 90-day stays on foreclosures and encouraging lenders to modify existing home loans as a way of keeping people out of foreclosure, state officials said on Wednesday. The Governor will ask lawmakers to back legislation  on California home foreclosures as part of an economic stimulus package, state officials said on [...]

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