And it’s GONE! Flagstar Bank Just Brought Back The Zero-Down Mortgage

And it’s GONE! Flagstar Just Brought Back The Zero-Down Mortgage Flagstar Bank, has come up with a genius, innovative new mortgage product that they believe is going to be great for their investors and low-income housing buyers: the “zero-down mortgage.”  What’s better, Flagstar is even offering to pay the closing costs of their low-income future … Read more

IN RE Baroni: California Court Holds That HELOCS Are Not Negotiable Instruments Under the UCC

IN RE Baroni: California Court Holds That HELOCS Are Not Negotiable Instruments Under the UCC From the Opinion… The HELOC Is Not a Negotiable Instrument Section 104.3104 of Nevada’s Uniform Commercial Code provides that, among other things, “‘negotiable instrument’ means an unconditional promise or order to pay a fixed amount of money.” Nev. Rev. Stat. … Read more

Hurricanes Could Bring Another Disaster: Foreclosures

Hurricanes could bring another disaster: Foreclosures As life slowly returns to normal in hurricane-ravaged parts of Texas, Florida and Puerto Rico, housing experts and consumer advocates worry another crisis is on the horizon: Foreclosures. Already, legal aid groups are working with people who are struggling to make mortgage payments on homes made uninhabitable by the … Read more