What is a Motion to Lift Stay on My Primary Residence?

Here is an excerpt from a recent article in the Mortgage Law Network Blog. Regardless of whether you have filed a Chapter 7 or Chapter 13 bankruptcy you can receive a Motion to Lift Stay on your home. This will occur if your mortgage payments are behind or perceived to be behind. A Motion toContinue reading “What is a Motion to Lift Stay on My Primary Residence?”

The 30 Day Deadline to Elect Nevada Foreclosure Mediation

The Supreme Court of Nevada in its June 30, 2009 adoption of the Rules, sets forth its version of the 30 day time limit for the Homeowner to elect mediation as follows: Rule 5(4). “The mediation process under these rules shall be initiated by the preparation and delivery of an Election of Mediation by aContinue reading “The 30 Day Deadline to Elect Nevada Foreclosure Mediation”

Other States With Foreclosure Mediation

Connecticut: The Foreclosure Mediation Program was established pursuant to P.A. 08-176. The bill required the chief court administrator to establish a foreclosure mediation program in each judicial district by July 1, 2008. The legislation mandates that homeowners facing mortgage foreclosure on primary residences may request mediation at no charge to them. The following links provideContinue reading “Other States With Foreclosure Mediation”

Nevada Gets First Round of Foreclosure Mediation Requests

LET THE RACES BEGIN The Nevada Foreclosure Mediation Program has received its first three requests for mediation as the homeowners work to save their houses. Two requests came from Clark County residents and the third came from a Carson City homeowner. Mediations have not yet been scheduled, but will be within 80 days of theContinue reading “Nevada Gets First Round of Foreclosure Mediation Requests”

Las Vegas Neighborworks Workshop

On July 24, I attended a Neighborworks workshop, at Aliante Station and Casino, to assist roughly 1,000 Las Vegas Valley homeowners struggling to remain in their homes. Homeowners also met face-to-face with their mortgage company and a U.S. Department of Housing and Urban Development-certified counseling agency to work on a solution to help them stayContinue reading “Las Vegas Neighborworks Workshop”

Obama’s Making Home Affordable Program Expanded to Include Homeowners Who Are 125% Underwater

A recent expansion of the Making Home Affordable program now allows borrowers who are current but up to 125 percent underwater on their mortgage to refinance those loans according to the terms of the Making Home Affordable refinance program. Participation in the program remains limited to those whose mortgages are currently owned or guaranteed byContinue reading “Obama’s Making Home Affordable Program Expanded to Include Homeowners Who Are 125% Underwater”