FBI Issues Mortgage Fraud Report

Here, is the link to the new report of mortgage fraud by FBI.

http://www.fbi.gov/publications/fraud/mortgage_fraud08.htm

Loan Fraud Companies Sued

We hear the loan fraud companies scamming homeowners. Now, this include loan modfication companies including their attorney. Here is the link.

http://www.mortgagefraudblog.com/ee-assets/my-uploads/UnitedFirstComplaint.pdf

Investors,Borkers Sued Over Sophisticated Fraud

Here, is an interesting complaint (lawsuit) which is filed in Arizona against a team of sophisticated network of investors, brokers, lenders and others.

http://www.mortgagefraudblog.com/ee-assets/my-uploads/Arizona%20Investments%20Complaint.pdf

Lots of Resistance to Loan Modification by Both Servicers and Lenders

We all thought that with the advent and efforts of the new Obama Administration, the loan modification process would be accelerated. But our hopes are dying down as both Servicers and Lenders are putting roadblocks one after another on some pretext in loan modification process. Too often they would claim they never received the documents. The call centers would route your call to wrong departments, or to different part of the world, especially India and Phillippines or even Costa Rica, where friendly representatives would greet you but without any help. Too often, their only concern is how to collect money from you. Here, is an excellent article published in NY Times about how Obama plans likes to speed up the loan modification program.

http://www.nytimes.com/2009/07/11/business/11nocera.html?8dpc

Servicers Still Resisting Loan Modifcation

NY Times has published an excellent front page story how the servicers are still resisting loan modifications despite many many attempts and efforts to do accelerate and simplify the loan modifications process by both banks and servicers. Here is this heart wrenching article from NY Times.

http://www.nytimes.com/2009/06/29/business/29loanmod.html

Loan Modification Taking Longer Times

USAToday has published an interesting articles about loan modifcation taking more and more times by lenders on various pretexts. Following is the story.
<a href=”http://www.usatoday.com/money/economy/housing/2009-06-18-obama-plan-mortgages_N.htm”>http://www.usatoday.com/money/economy/housing/2009-06-18-obama-plan-mortgages_N.htm

New Law Passed for Renters

The law office of Malik Ahmad receives many calls a day about the plight of renters whose homes had been foreclosed or are in the danger of being foreclosed. Many times tenants with tears and emotionally choked voices tell this law office about their sadful stores. Now, there is a good news for tenants that they cannot be evicted under the newly enacted federal laws. Please read it and if you don’t understand contact a local attorney.
http://www.tenantstogether.org/downloads/S.896Final.pdf

Housing Affordability Sheet Under the Mediation Program

The Law Office of Malik Ahmad takes pride in publishing the latest news and information about Nevada homeowners and their welfare. Here, is the latest worksheet required by Supreme Court of Nevada for mediation purposes.

Nevada Supreme Court Hires Mediation Administrator

This law office takes pride in posting the latest news and information for the welfare of the Nevada homeowners. Here, we go again.

http://www.nevadajudiciary.us/index.php/foreclosure-mediation/420-nevada-foreclosure-mediation-program-administrator-is-hired.html

Supreme Court of Nevada Decides New Foreclosure Mediation Rules

Here, is the good news from Supreme Court of Nevada and for its homeowners. Supreme Court of Nevada had finally decided the detailed rules for the foreclosure mediation program under AB149:

http://www.nevadajudiciary.us/images/pdf/foreclosure.mediation.rules.ord.pdf