Monthly Mortgage Payments About to Increase for HAMP Recipients

If you received a loan modification under the 2009 Home Affordable Modification Program (HAMP), beware!  Your mortgage payments are about to increase. Earlier this year, the feds issued a quarterly report entitled the Special Inspector General of the Troubled Asset Relief Program, or (SIGTARP), stating that around 782,748 homeowners who participated in HAMP will eventually…

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Seven Requirements for Running a Lawful California Medical Marijuana Collective

The Medial Marijuana Program Act (MMPA) provides for a defense against criminal prosecution for someone operating a medical marijuana collective or cooperative in California.  But such business operators must follow a strict set of guidelines in order to stay within the bounds of this law.  A recent California court decision analyzed the important set of…

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Robosigning

Robosigning “Robosigning” is a term created and popularized in light of the recent scandals involving the mortgage foreclosure crisis.  As a new term, it does not have an official legal definition, but refers to the process of “mass signing” forged or fraudulent documents relating to mortgage foreclosure.  Notaries have been involved in robosigning by acknowledging…

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Dual-track foreclosures

Despite the landmark Homeowners Bill of Rights legislation of 2012 which outlawed various dishonest lending practices, banks and servicers are still performing dual-track foreclosures in California. For those of you not familiar with the term, “duel-tracking” occurs when a servicer engages a borrower in the loan modification application process while at the same time the…

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