The Law Office of Robert B. Jacobs

Foreclosure Articles

Some years ago there were a lot of foreclosures. But not all foreclosures are over yet. Some borrowers are still struggling with loans that are “adjusting” or “re-setting” after an initial “teaser” period.  Some of these loans offer an initial term of five years with a low interest rate that’s...

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Forty years ago, we played a game in elementary school called “Button, Button, who has the Button?”  This game involved passing a button from one student to the next, and the person who was “it” was supposed to track the button as it moved between the students.  A successful player would be able...

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It’s a common experience.  People visit their lawyer – and they often feel better.

Why would that be the case?  Why would anybody go see a lawyer in order to feel better?

There’s a very good reason.  People who are upset or angry either may or may not feel better after they see...

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Nothing ventured, nothing gained.

When presented with the likelihood of foreclosure, some borrowers choose to sell their properties through a “short sale.”  Others choose to simply abandon their homes and allow the foreclosure sale to occur.  Other...

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The number of foreclosures in the late 2000’s was very, very high. Californians probably haven’t seen this many foreclosure sales since the Great Depression of the 1930's.

Besides the economic upheaval experienced by families in foreclosure, some owners of neighboring properties found...

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Money Lending has been around for thousands of years. And regulation of money lending has also been around for thousands of years. Some of the oldest known regulations for money lending are found in the earliest parts of the Bible at the Book of Exodus, where certain restrictions are made...

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A “pre-payment penalty” is a penalty, or a charge, assessed against a borrower by a lender for the privilege of paying off a loan early.  Unless a lender agrees or unless a statute applies, lenders in California aren’t obligated to accept early payoff on a loan. Instead, in some cases a lender...

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The last two articles discussed pre-payment penalties in loan transactions.  A “pre-payment penalty” is a penalty, or a charge, assessed against a borrower by a lender for the privilege of paying off a loan early.  Unless a lender agrees or unless a statute applies, lenders in California aren’t...

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“Penny wise and pound foolish.”

Maybe it’s an old saying.  But there can be truth in it.

I constantly see the practical application of this saying in the real estate foreclosure market.

In California, some loans are “non-recourse.” With “non-recourse” loans, the borrower...

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The concept of a short sale is simple.  A “short sale” occurs when the sales price of a property isn’t enough to pay off the mortgage.  The sales price is “short” of the amount needed to fully pay off the mortgage.  If the bank agrees to a “short sale” then the property is sold for less than the...

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