Hector Ricardo Esquivel, age 32 from San Jose was sentenced  on March 30th to one year in jail after being convicted of six felony counts of grand theft for defrauding homeowners in a mortgage loan modification scam. Mr. Esquivel pleaded guilty on February 11th of this year. He was arrested back in...

The United States Treasury Department released the lasted Home Affordable Modification Program numbers on February 17th and did their level best to put a positive tone on the less than positive numbers. The program numbers reveal a complete failure to meet the objectives. Millions of homeowners have...

Rene Alvarez, 39 and Mariano Ortega, 34, both of San Jose and owners of M & R Contemporary Solutions since 2008 in Campbell have been indicted for Mortgage Fraud. Alvarez was arrested on September 3rd by Santa Clara County District Attorney Office. There is a warrant for the arrest of Ortega at...

Homeowners are still dealing with the frustration of loan modifications and getting angrier with every phone call, email and letter sent. The issues haven’t changed much from the onset of the Making Home Affordable Plan. Homeowners are still reporting that paperwork is being misplaced, that they are...

Homeowners are battling with lenders to keep their homes even with the Making Home Affordable Plan. Homeowners are waiting months to find out it their modifications are approved by the lender and worst when they call they are sent to a call center over seas where the language issues enhancing their frustrations. Below...

The Obama Administrations plan to help consumers from losing there homes to foreclosure has been genuinely effective in assisting approximately two hundred thousand homeowners. The first half however of 2009 alone has brought on nearly one point eight million in foreclosures across the country. Mortgage...

The secret mortgage servicers don’t want you to know is they can make MORE money off of homeowners when they keep your loan in default. A former employee of loan servicer EMC tells the inside story why so many people can’t get their loan out of default.

Option ARMs and Alt-A loans this will be worse than the sub prime mortgage crisis. Ordinary ARM loans, which are riskier than fixed-rate loans, apparently aren’t risky enough for many borrowers. The MBA says that their market share fell from 46% in the second half of 2004 to 36% in the first half of...

Originaly By Nadia Vanderhoof: Since March, Leroy Stennett has spent more than 10 hours talking to seven people in five departments at Bank of America about getting his mortgage modified. In 2006, Stennett and his wife purchased a house in Port St. Lucie for $285,000, putting $95,000 down and adding...