Paul,   I read your response on your blog, and I have to admit I don’t know–what is a loan modification?  He has one of those balloon loans.  Are you talking about changing that to a fixed rate loan?  Also if he or any homeowner sells a home through short sale, what are the ramifications?  Do they [...]

I’ve read just about your entire site.  GREAT STUFF!  Finally there is clarification to us non-lawyers on what are our rights as consumers.  My question is:  can I send a Pay-for-Delete letter to a company that has won a judgement against me?  I noticed on my credit reports (Public Records section) that the local energy company has [...]

I had a third party debt buyer call and say they were going to send me a 1099-c for the amount of debt I owe.This is a credit card debt and is it legal for them to do it. I have read the directions for 10990c and they really don’t make a whole lot of [...]

The DRE has received many questions from brokers regarding affiliations with attorneys and whether they must comply with the advance fee rules.  The Real Estate Law provides very specific licensing exemptions for attorneys who provide legal services to their clients.  Business and Professions Code Section 10133(a)(3) provides an exemption for “An attorney at law in [...]

My brother bought a house in Florida three years ago.  Now the house is worth less than the loan and because he does not live in the house, he is also charged a heavy property tax on it. Renting it out is often problematic.  He has no need for the house anymore, so he is paying [...]

The lender lost your mortgage note!  Did they?  Maybe they did - or maybe they’re just lazy.  Now it’d be bad enough if they said ‘the dog ate my homework’ but ladies and gentleman it’s much worse than that.  It’s more like: “The dog ate your promissory note and now I’m going to FORECLOSE ON YOUR [...]

Hello Paul, In August 2007 I was sued by a collection company for a credit card debt in the amount of $5879.94. In October 2007 the collection company and I settled out side of court for $3,180 (so I thought). In October 2008 I received a letter in the mail from a different collection company but for [...]

$40K question with Indymac.  They are willing to look at $25K now I spoke to them.  I offered them $1K cash and a $10K note to get it over with. They rejected it and will only look at $25K.  I thought about getting a BK lawyer to write them a letter to state that I [...]

Paul, how do you go about finding out to see if you had a Tila violation to see if you qualify for the 3 year rescission time frame ?   I think I maybe able to do this on my house. Ronnie ——— Hello Ronnie, You need a copy of your final TIL Disclosure, HUD1, note (and adjustable rate rider if applicable), [...]

First time your are top guns helping people. Thank you ! Manuel