Author Archives: Liss Law

More Relief for Unemployed Homeowners….but at what cost?

The FHA announced a change to its current policy on handling unemployed homeowners currently unable to make their monthly mortgage payments.  Up until the change in policy, unemployed homeowners were qualified for up to a four-month forbearance period.  Essentially four … Continue reading

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Banks seek settlement….possible Principal reductions to be granted to Borrowers

Thanks to Bloomberg for Content: U.S. banks, seeking to avoid $17 billion in court claims over faulty foreclosures, are discussing a settlement framework with state attorneys general that may let firms choose from a menu of options for helping borrowers, … Continue reading

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Flipping Good News!!

The Federal Housing Administration is suspending its anti-flipping rule for a second year, extending the waiver until the end of 2011. http://www.boston.com/realestate/news/blogs/renow/2011/02/for_better_or_w.html

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Empty Promises…But Finally The Bank Feels Some Heat

This Is News Worthy….Bank Promised To Negotiate A Loan Modification If The Home Owner Stopped His Bankruptcy. Guess What Happened Once The Bankruptcy Was Stopped. Exactly!!! While it is the Ninth Circuit’s Decision…Hopefully Other Circuit’s Follow Suit. Read This Link..and … Continue reading

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Attorney Avi Liss…On Money Matters

http://www.dailymotion.com/video/xehotc_8-16-avi-liss-2_news

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A Wise Man Once Said…..

http://www.credit.com/news/credit-debt/2010-07-17/despite-making-wise-financial-decisions-most-homeowners-still-face-foreclosure.html

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Massachusetts Foreclosures Increased in 2010…More Stats!!

This is not really news…but it certainly reinforces what we have been reporting over the past calendar year.  The article attached, posted on Boston.com lays out some highlights…lowlights..and insights to the foreclosure epidemic. http://www.boston.com/realestate/news/articles/2011/01/20/state_foreclosures_rise_steeply_in_2010/?p1=Well_RE_Article

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The Bank is foreclosing……but when?

First of all…and it’s much easier said than done, but do not feel shamed or badly. You find yourself in the same situation as many home owners throughout Massachusetts. The fact is….we are all victims of a bad economy…devalued housing … Continue reading

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