Actually, the only way I would tweak this bill now is to allow foreclosures when both sides agree.It is amazing to me that the people in Hawaii think that by legislating changes that the Hawaii homeowner will benefit! I think it is the Aloha spirit run amuck. The locals go cry to their representatives and the end result will be JUDICIAL foreclosures and banks that will refuse to lend to local families who want to purchase a home. Hawaii will be too risky and contracts will be percieved to not be worth the paper that they are written on.
If I seem a tad bit passsionate about this it is because our home in Hawaii was supposed to be foreclosed on last month. All this has done is prolonged our situation. Seriously, it will only take longer now for the free market to coreect itsself and the Hawaiian people will be the ones to suffer because of their short sitedness.
Fannie Mae, who owns our loan has announced that they will go straight for the Judical foreclosure. They are taking their ball and going home!
Is it a judicial foreclosure? If so you must hire an attorney right away.Hi there I've been trying to get a loan modification for three years. Within the three years I've been scammed and now I'm in foreclosure that is on 5/1 what r my option now I'm in Hawaii... But now my income has increase what should I do...
Hi Hopeful In Hawaii attny Gary Dubin was my first attorney i went to . he said I had a good case. His approach was to investigate my loan, he charges a whole lot which I can'tcome up with the money and was told he lost a lot of cases. I'm so confuse... Spoke to a lot of people I wanted to have my mortgage audited what do I look for? I was with countrywide then was transferred to Bank of America. When I first defaulted BONY then bought my loan I believe. Should I file bankruptcy? I spoke with a foreclosure counselor she said I'm late in the game I need tohave a mediation. But she said i might have a hard time because I'm neither Fannie Mae or Freddie Mac. She never saw any good outcome. She i will need to send in a new modification because change in circumstances.. What to do.I am not on Oahu , but I have a friend that works with Attorney Gary Dubin and he seems to really know his stuff, and is doing good with these cases
and he certainly knows what NPV means!!!
I understand, it took me a long time to find an attorney that really understands. I am not in foreclosure, I am actually the plaintiff in my case, I had enough and decided to go after them first.
I really feel for you and understand what you are going through if I were you I would contact Dubin right now, you can at least get a free consultation.
Also try contacting Ginny ( Virginia ) via her blog Deadly Clear, she works with him and you can see she knows her stuff! http://deadlyclear.wordpress.com
I would not give them a dime until you talk to Dubin, Please contact him or ginny right away!
Info on mediation is here
Hawaii Foreclosure Information Center — Department of Commerce & Consumer Affairs
But I dont even know if anyone has used it yet, since they changed the law, the forclosures seem to be all Judicial and you really need an attorney for that. I am so sorry you had those issues, it was my biggest concern when looking for an attorney also.