California Debt Blog
Features news and information for consumers about debt collection and dealing with debt collectors and the debt collection industry.
Author: Jonathan G. Stein is a personal injury and insurance attorney in Elk Grove, Calif.
Blawg Related Categories: Consumer Law • Solos/Small Firms • States • California • Solo / Small Firm
Recent Posts from California Debt Blog
-
Foreclosed Properties Driving You Crazy?
Are you living in a neighborhood with a lot of foreclosures? Are the foreclosed homes bringing in vagrants, vandals and Viacom? (Okay, work with me - it is Sunday and I had no where to…
-
FAQ: Power of Sale Notice Requirements in California
A notice of default is recorded after a default occurs in the county in which the property is located. This does not necessarily occur after one or more payments are not met but may occur…
-
FAQ: How long does it take to foreclose a property in California?
This process may be delayed for various reasons however; it usually takes a minimum of 120 days to effectuate an uncontested non-judicial foreclosure.
-
FAQ: What are the legal instruments that establish a California mortgage?
The documents are known as the deed of trust, note, and in a commercial transaction, a security agreement. Alternatively, a mortgage is filed to evidence the underlying debt and terms of repayment, which is set…
-
Avoid the call from your former broker
I received a few fascinating calls in the last couple of weeks that I have not written about yet because I thought it was just a fluke. But then I read about it in the…
-
New trend: Trying to collect on non-recourse loans
I have come across a new trend and I need to alert you to it. Debt collectors are trying to collect on non-recourse loans. Let me explain. When you take out a mortgage, any mortgage…
-
Repo Business is Booming
From the Orlando Business Journal: "The down economy this year has created an uptick in business for repossession and recovery firms.That's because a growing number of companies and individuals can't pay their loans for big-ticket…
-
Zombie Debt - Good explanation
HowStuffWorks is an interesting website that explains, ready for this, how stuff works! Its an interesting website and you should look at it. Today, I write to you about their article on "How Zombie Debt…
-
FAQ: How are California mortgages foreclosed?
The two methods California uses for foreclosures are known as non-judicial and judicial. A non-judicial foreclosure does not involve court action. In California non-judicial remedies have stringent notice requirements and the mortgage documents are required…
-
FAQ: How are mortgage liens treated in California?
California has a complicated set of rules concerning foreclosures, another set of rules apply for foreclosures. In California, a property title remains in trust until the underlying loan becomes paid in full. The document that…