I am incredibly frustrated for my homeowners and for agents.  We have recently had 3 homes taken back by the Lender at Trustee Sale when the investor is Fannie Mae.

In all cases they were short sales with strong offers and all docs are in.  We have had an attorney file a Quality Written Review in order to postpone the sale dates.  Nothing stops or postpones the sale.

The Homeowner Bill of RIghts law was signed last week. The Homeowner Bill of Rights prohibits a series of inherently unfair bank practices that have needlessly forced thousands of Californians into foreclosure. The law restricts dual-track foreclosures, where a lender forecloses on a borrower despite being in discussions over a loan modification to save the home. It also guarantees struggling homeowners a single point of contact at their lender with knowledge of their loan and direct access to decision makers, and imposes civil penalties on fraudulently signed mortgage documents.  In addition, homeowners may require loan servicers to document their right to foreclose.

The laws will go into effect on January 1, 2013, and borrowers can access courts to enforce their rights under this legislation.

Well what about homeowners in the middle of short sales and loan mods RIGHT NOW?

Does anyone have a referral for a law firm that can assist my homeowners who are in the middle of a short sale or loan mod in danger of foreclosure?

Any referrals or advice would be appreciate.