Press Releases from Sagaria Law, P.C. (2 total)
Foreclosure Rates Rising in California
Approximately $25 million was spent at foreclosure auctions in the Sacramento and Oakland areas last weekend. Several homes were sold at less than half the cost of their previous high property values. This trend of increasing foreclosure activity has been prevalent in California communities in the past years, and experts predict the trend will only continue to rise in the near future.
Foreclosure cases in California have increased 50% in the…
Homeowners say Loan Modifications Lead to Foreclosure
In October 2008, the US Senate’s $700 billion Wall Street rescue package reaffirmed homeowners’ faith in mortgage lenders and banks, and many homeowners applied for trial loan modification programs. Today, a large number o f these same homeowners are blaming banks for unfair foreclosure practices. Class-action status lawsuits are currently being filed in many states including California, Kentucky, and Massachusetts.
Federal officials have said that some homeowners were offered trial modifications…
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