How?
Focus should be made on the FHA “Back to Work” Program
There is news being reported about warrants floating out there from the current DA's office in San Bernardino to get a law firm's records which may prove some type of fraud injurying persons with (or formerly with) home mortgages..
Aside from the fact it is years after people have been impacted (and the banks, loan servicers, foreclosure people committing fraud and or unfair and or deceptive business practices have been untouched by the San Bernardino County DA), there is nothing being done for the victims today, now.
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As part of my administration as San Bernardino County District Attorney I would be remedy focused. To quote the incumbent Mike Ramos, "you can't prosecute yourself out of every problem".
About the Program
Under the federal “Back to Work – Extenuating Circumstances” program, if one had a foreclosure, short sale, deed-in-lieu of foreclosure, or bankruptcy, a homeowner may qualify for a new home loan if the former homeowner is back to work and can document the extenuating circumstances.Do You Qualify?
FHA will consider former homeowners for eligibility if the former homeowner had a financial hardship in the past but can now document the follow circumstances :- The "Back-to-Work" applicant meets FHA loan requirements
- The "Back-to-Work" applicant can document the mortgage or credit problems resulted from a financial hardship
- The "Back-to-Work" applicant has re-established a responsible credit history
- The "Back-to-Work" applicant has completed HUD-approved housing counseling
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To re-establish credit the "Back-to-Work" applicant must have a 12 month record of on-time rental housing payments with no delinquencies, and not have been 30 days late on more than one non-housing loan payment. If the "Back-to-Work" applicant still has any open collection or judgment accounts, then a “capacity analysis” will be done to see if he/she can repay those creditors.
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It's time to change DA and really help folks! Press releases about delayed and remedy-less paper is not what victims need.