Read the latest on California law and REOs from attorney Julia Wei.
Category Archives: Legal Corner
REO Investors – California Law Favors the Bidder and Lender in Foreclosure Defense Lawsuits
October 1, 2011 – 12:07 am
Private Money Investors Get Nailed with Usury Claim and More
September 1, 2011 – 12:07 am
Here is a “what not to do” when working with private investors. The California Court of Appeals punishes investors on a multi-lender Note, rewards a borrower in default and allows the mortgage loan originator to walk away.
Extreme Deal Hunting: Buying from Bankruptcy Estates
August 1, 2011 – 1:09 am
Due to the increase number of bankruptcy filings, a new opportunity has arisen: purchasing real property in bankruptcy. But buyers beware, there is more than meets the eye.
Attempt to End Dual-Track Foreclosures in California
July 1, 2011 – 12:10 am
There is a proposed law in the California legislature that would require lenders to issue a decision on mortgage modifications prior to beginning the foreclosure process. Is dual-tracking on its way out?
Verbal Promise to Explore Loan Modification: Enforceable
June 1, 2011 – 12:10 am
Recent ruling says lenders may be bound by their verbal promises on loan modifications. Find out the details here.
Realtors Applaud Bill to Speed Lender Response to Short Sales
May 1, 2011 – 4:10 am
This NAR supported bill would speed up short sale process… and that is a great thing. Read the details here.
Ibanez and It’s Effects on California Foreclosures
April 1, 2011 – 3:10 am
On January 7, 2011, the Massachusetts Supreme Court, in U.S. Bank National Association v. Ibanez, held that a foreclosure sale was void if the lender could not prove that it had the power to foreclose at the time of the foreclosure. In Ibanez, the court held that the lender failed to prove that it had [...]
Important New Tax Law Changes
March 1, 2011 – 3:10 am
Own or plan to own property in California? These tax law changes will affect you!
What Lenders Should Know About Temporary Restraining Orders and Foreclosures in California
February 1, 2011 – 3:09 am
There are two silver bullets than can stop a foreclosure sale. Brewer law firm attorneys Julia M. Wei and Henry Chuang explain the details.
All About Property Disclosures
January 1, 2011 – 4:08 am
When selling a property there are certain disclosures mandated by state and federal law. Do you know them?
