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Rachel LaMar, J.D.
Broker, Attorney, Owner
LaMar Real Estate
Rachel@LaMarRealEstate.org
Cellular 760-310-9466
CA BRE# 01399682

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News, Views and Opinions on Real Estate, Law and the North San Diego Community

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Rachel LaMar, J.D.
Broker, Attorney, Owner
LaMar Real Estate
Rachel@LaMarRealEstate.org
Cellular 760-310-9466
CA BRE# 01399682

News, Views and Opinions on Real Estate, Law and the North San Diego Community

Posts Tagged ‘foreclosure prevention’

California Passes Homeowner Bill of Rights

It is official – today California passed the controversial Homeowner Bill of Rights. The controversial bill, which actually consists of a series of bills, was created to protect the rights of mortgage borrowers and those caught in the foreclosure process. The law will take effect January 1, 2013, and focuses on the following: Single point…

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Banks May Pay You to Short Sell Your Home

Cash for keys programs – where the banks pay money to the homeowners if they walk away from their homes and leave them in good condition – have been common in the foreclosure arena for some time. Now the banks want to apply this principle to the short sale industry. I have been hearing tidbits…

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We Can’t Ignore Housing Any Longer

In the last few weeks we have seen what happens when Americans have had enough – Occupy Wall Street is a prime example. While for now these protests have been free of violence, if the economy does not start to improve that may not be the case. It is time to start doing something, and…

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Will Obama Job Plan Really Help Housing Market?

After many real estate industry complaints that the new Obama administration recovery plans did nothing for housing (aside from refinancing assistance plans, which as we all know still require lender cooperation), out comes a plan with that goal in mind. But will this new plan really help distressed inventory and jobs, or is it merely…

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The Latest Distressed Property News

There has been quite a bit going on in the distressed property market as of late, and if you are a homeowner who is underwater or are unable to continue to pay your mortgage, there is some good news on the horizon to help you. HAMP incentives increased for early borrower assistance: Fannie Mae has…

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Lenders Will Owe Borrowers More Protection in Future

If you have been following the recent hearings to determine lender punishment in the robo-signing scandal, you know that it has been very controversial (if you have not, click here for a good explanation of the issues: http://tinyurl.com/4sqlyo4). Lenders and many government officials are trying to lighten the proposed punishment, arguing that forcing lenders to…

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Do Loan Modifications Raise Debt?

Could it be that loan modifications are actually raising debt? I read a short article today by Dean Calbreath in the San Diego Union Tribune that stated yes, they are. Mr.Calbreath points out that more foreclosures could be prevented if, instead of increasing the debt on the principal of troubled mortgages, the lenders reduced the…

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New Program To Reward Underwater Homeowners

A new program is being unveiled today called Handshakes for Homeowners, which aims to recognize underwater homeowners (they owe more than their house is worth) who continue to pay their mortgages on time. With the goal of helping 200,000 homeowners in the next 12-18 months, this program is a creative albeit slightly strange way to…

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Loan Modification Credit Woes

Loan modifications have become the preferred method of avoiding foreclosure over the last few years. Although many people are unsuccessful in obtaining them, and the government continues to create programs to entice lenders to grant more modifications, there is one aspect that is not often discussed in relation to those who obtain them: credit consequences.…

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