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California Homeowners Bill of Rights

Posted: Tue Aug 14, 2012 5:01 pm
by Yahoo Bot

Under the National Mortgage Settlement the lender cannot exclude someone because they are in bankruptcy but they are not required to modify their loan. This information is from Kathleen Porter, California Monitor of the National Settlement, California Attorney General's Mortgage Settlement and New Homeowners Bill of Rights. For more information you can go to https://www.mortgageoversight.com/
Catherine Christiansen
h you can't see Him, GOD
________________________________
To: cdcbaa@yahoogroups.com
Sent: Tuesday, August 14, 2012 3:56 PM
Subject: Re: [cdcbaa] California Homeowners Bill of Rights
Under the Mortgage Settlement & California Commitment Agreement Effective 03/01/2012, allows for loan mods in bk and the Single Point of Contact [SPOC] must be familiar with bankruptcy and the stay.
The Homeowner Bill of Rights is designed for a fair and transparent process of foreclosure. It is not about having a particular outcome. The Homeowner Bill of Rights would naturally set aside those borrowers in bankruptcy because of the Automatic Stay injunction being imposed, rather than a civil injunction.
So, your client(s) would be seeking a loan modification under the Settlement Agreement.
Christine
On Tue, Aug 14, 2012 at 2:01 PM, Paul Horn wrote:
>
>Does anybody know if it is true that California Homeowner Bill of Rights set to take effect on 1/1/2013, will prejudice bankruptcy homeowners (borrowers) seeking loan modifications because of the mere fact that the borrowers filed bankruptcy takes them out of this Bill?
>
>
>Definition of a borrower under this is a passage of the law for above question:
>"A "borrower" under this law must generally be a natural person and potentially eligible for a foreclosure prevention alternative program offered by the mortgage servicer, but not someone who has filed bankruptcy, surrendered the secured property, or contracted with an organization primarily engaged in the business of advising people how to extend the foreclosure process and avoid their contractual obligations (CC 2920.5(c)). "
>
>
>Thanks
>
>Paul Horn
>Attorney at Law
>Certified Public Accountant
>850 E. Las Tunas Drive
>San Gabriel, CA 91776
>800-380-7076
>
>
Christine A. Wilton, Esq.
Law Office of Christine A. Wilton
Office:
5150 Candlewood Street, Suite 17F
Lakewood, CA 90712
Mailing:
4067 Hardwick Street, Suite 335
Lakewood, CA 90712
Office: 877-631-2220
Cell: 562-824-7563
Fax: 1-636-212-7078
Email: attorneychristine@gmail.com
Web: www.attorneychristine.com
Blog: www.losangelesbankruptcylawmonitor.com
***************************
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The post was migrated from Yahoo.

California Homeowners Bill of Rights

Posted: Tue Aug 14, 2012 3:56 pm
by Yahoo Bot

Under the Mortgage Settlement & California Commitment Agreement Effective
03/01/2012, allows for loan mods in bk and the Single Point of Contact
[SPOC] must be familiar with bankruptcy and the stay.
The Homeowner Bill of Rights is designed for a fair and transparent process
of foreclosure. It is not about having a particular outcome. The
Homeowner Bill of Rights would naturally set aside those borrowers in
bankruptcy because of the Automatic Stay injunction being imposed, rather
than a civil injunction.
So, your client(s) would be seeking a loan modification under the
Settlement Agreement.
Christine
On Tue, Aug 14, 2012 at 2:01 PM, Paul Horn wrote:
> **
>
>
> Does anybody know if it is true that California Homeowner Bill of Rights
> set to take effect on 1/1/2013, will prejudice bankruptcy homeowners
> (borrowers) seeking loan modifications because of the mere fact that the
> borrowers filed bankruptcy takes them out of this Bill?
>
> Definition of a borrower under this is a passage of the law for above
> question:
> "A "borrower" under this law must generally be a natural person and
> potentially eligible for a foreclosure prevention alternative program
> offered by the mortgage servicer, but not someone who has filed bankruptcy,
> surrendered the secured property, or contracted with an organization
> primarily engaged in the business of advising people how to extend the
> foreclosure process and avoid their contractual obligations (CC 2920.5(c)).
> "
>
> Thanks
>
> Paul Horn
> Attorney at Law
> Certified Public Accountant
> 850 E. Las Tunas Drive
> San Gabriel, CA 91776
> 800-380-7076
>
>
>
Christine A. Wilton, Esq.
Law Office of Christine A. Wilton
*Office:*
5150 Candlewood Street, Suite 17F
Lakewood, CA 90712
*Mailing:*
4067 Hardwick Street, Suite 335
Lakewood, CA 90712
Office: 877-631-2220
Cell: 562-824-7563
Fax: 1-636-212-7078
Email: attorneychristine@gmail.com
Web: www.attorneychristine.com
Blog: www.losangelesbankruptcylawmonitor.com
***************************
Confidentiality and Privilege. This e-mail message, including attachments,
is intended solely for review by the intended recipient(s) and may contain
confidential and privileged information. Any unauthorized review, use,
disclosure, or distribution is prohibited. Review by anyone other than the
intended recipient(s) shall not constitute a waiver of any ATTORNEY-CLIENT
PRIVILEGE or ATTORNEY WORK PRODUCT PROTECTION that may apply to this
communication. If you are not the intended recipient, please contact the
sender by return e-mail and destroy all copies of the original message.
Tax Advice Disclosure. Any tax information or written tax advice contained
in this email message, including attachments, is not intended to and cannot
be used by any taxpayer for the purpose of avoiding tax penalties that may
be imposed on the taxpayer. (The foregoing legend has been affixed pursuant
to U.S. Treasury Regulations governing tax practice.)
Under the Mortgage Settlement & California Commitment Agreement Effective 03/01/2012, allows for loan mods in bk and the Single Point of Contact [SPOC] must be familiar with bankruptcy and the stay.The Homeowner Bill of Rights is designed for a fair and transparent process of foreclosure. It is not about having a particular outcome. The Homeowner Bill of Rights would naturally set aside those borrowers in bankruptcy because of the Automatic Stay injunction being imposed, rather than a civil injunction.
So, your client(s) would be seeking a loan modification under the Settlement Agreement.ChristineOn Tue, Aug 14, 2012 at 2:01 PM, Paul Horn <attorneypaul2000@yahoo.com> wrote:
Does anybody know if it is true that California Homeowner Bill of Rights set to take effect on 1/1/2013, will prejudice bankruptcy homeowners (borrowers) seeking loan modifications because of the mere fact that the borrowers filed bankruptcy takes them out of this Bill?
The post was migrated from Yahoo.

California Homeowners Bill of Rights

Posted: Tue Aug 14, 2012 2:01 pm
by Yahoo Bot

Does anybody know if it is true that California Homeowner Bill of Rights set to take effect on 1/1/2013, will prejudice bankruptcy homeowners (borrowers) seeking loan modifications because of the mere fact that the borrowers filed bankruptcy takes them out of this Bill?
Definition of a borrower under this is a passage of the law for above question:
"A "borrower" under this law must generally be a natural person and potentially eligible for a foreclosure prevention alternative program offered by the mortgage servicer, but not someone who has filed bankruptcy, surrendered the secured property, or contracted with an organization primarily engaged in the business of advising people how to extend the foreclosure process and avoid their contractual obligations (CC 2920.5(c)). "
Thanks
Paul Horn
Attorney at Law
Certified Public Accountant
850 E. Las Tunas Drive
San Gabriel, CA 91776
800-380-7076

The post was migrated from Yahoo.