Recent Posts in August, 2012

Chicago Foreclosure Auctions See Dramatic Increase in First Half of 2012
Aug 31, 2012

Through the first half of the year, foreclosure auctions in Chicago more than doubled. In fact, according numbers released by the Woodstock Institute ...

Posted By Sulaiman Law Group, Ltd.
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New Data on Underwater Borrowers
Aug 28, 2012

Dr. Stan Humphries, the Chief Economist at Zillow.com, recently released some data from the Zillow Negative Equity Report. Some of the data may be a ...

Posted By Sulaiman Law Group, Ltd.
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New FHFA Guidelines to Streamline Short Sale Process
Aug 24, 2012

On August 21, the FHFA announced new short sale guidelines for loans backed by Fannie Mae and Freddie Mac. The guidelines, which go into effect on ...

Posted By Sulaiman Law Group, Ltd.
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Why a Strategic Foreclosure Does Not Mean "Just Walk Away"
Aug 21, 2012

I frequently receive calls from prospective clients who have friends in California that simply walked away from an underwater home. This may work in ...

Posted By Sulaiman Law Group, Ltd.
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Woodstock Institute Reports A Spike in Completed Foreclosures
Aug 14, 2012

Although there are no accurate foreclosure numbers on a national scale, the Woodstock Institute does a good job of keeping track of foreclosure data ...

Posted By Sulaiman Law Group, Ltd.
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Hope LoanPort(R) and Your Loan Modification
Aug 8, 2012

If you are seeking a loan modification from Bank of America, you will soon be required to submit your documents through an online portal called Hope ...

Posted By Sulaiman Law Group, Ltd.
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How Many Foreclosures Have Happened Since the Housing Market Crashed?
Aug 6, 2012

Frighteningly enough, nobody knows . I spend a lot of time absorbing data about the housing market. More often than not, when one news outlet reports, ...

Posted By Sulaiman Law Group, Ltd.
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Sen. Jeff Merkley Has a Great Idea for Underwater Homeowners
Aug 3, 2012

Oregon Senator Jeff Merkley has drafted a modest proposal for creating a modern version of the Home Owner's Loan Corporation (HOLC) to bail out ...

Posted By Sulaiman Law Group, Ltd.
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FHFA Director DeMarco Ignores Facts, Refuses To Permit Principal Reductions
Aug 2, 2012

The Federal Housing Finance Agency, the entity that oversees Fannie Mae and Freddie Mac, recently released a study demonstrating that principal ...

Posted By Sulaiman Law Group, Ltd.
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