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VISIT US ONLINE @ DSNEWS.COM Nazarzai, Hakimullah Sarpas, and Fasela Sheren (who went by the name Sharon Fasela), were all found to have violated California's Unfair Competition Law and False Advertising Law. The defendants were ordered to pay $2 million in civil penalties and must provide a full refund upon request to loan modification customers of US Homeowners Assistance. In a separate proceeding, Harris pros- The owners of the business, Zulmai cites more than 170 properties as examples of U.S. Bank's illegal conduct. The city says in the past four years, ecuted Nazarzai for contempt of court after he refused to turn over $360,000 that was unlawfully taken. Due to his continued re- fusal to follow the court's order, he has been in Orange County jail since December 2010. New Foreclosures Down in California of California homes entering the formal foreclosure process dropped in the second quarter to its lowest level since early 2007. Between April and June, 54,615 notices of According to DataQuick, the number default (NODs) were recorded, a 2.9 percent decrease from the first quarter and a 3.6 percent decrease from the same period in 2011. This total is the lowest since the second quarter of 2007, which saw 53,943 NODs. The most noticeable year-over-year drop was in the Bay Area, which saw NODs fall by 13.4 percent. DataQuick's findings show that mort- gage defaults tend to remain concentrated in the state's most affordable neighborhoods. ZIP codes with median sales prices of $200,000 or less had a ratio of nearly nine NODs filed for every 1,000 homes, while ZIP codes priced between $200,000 and $800,000 had a ratio of 5.6 NODs filed per 1,000 homes. Among the state's larger counties, mortgages were least likely to go into default in San Francisco, Marin, and San Mateo counties. Tulare, San Joaquin, and Sacramento counties had the highest probability of foreclosure. Los Angeles Sues U.S. Bank Over Deteriorating Foreclosures, Evictions Trutanich, filed a civil lawsuit against U.S. Bank, alleging the lender allows its fore- closures to deteriorate into slum conditions and executes illegal evictions. The complaint Los Angeles' city attorney, Carmen A. U.S. Bank acquired 1,500 properties in Los Angeles through foreclosure, and in some cases, the bank failed to make necessary repairs on the foreclosures. The city also accuses the bank of applying deceptive and dishonest tactics when evicting tenants, including demanding occupants leave in an extremely short time in exchange for small amounts of money, shutting off utilities, and threatening legal action. The lawsuit seeks immediate injunctive SOUTHWEST SERVICING GROUP L.L.C. WE MAKE AN UNDESIREABLE relief including a stop to all illegal evictions, inspections of foreclosed properties, and compliance with all applicable state and mu- nicipal code requirements. The city attorney is also seeking compensation for current and former tenants and reimbursement for costs the city incurred. In an emailed statement, U.S. Bank said, "The city attorney has chosen the wrong party—we are not the owners of the properties, nor are we responsible for the servicing of the properties. The homes are owned by trusts, consisting of investors, and are serviced by other companies. Those companies are responsible for maintenance of the properties and compliance with city ordinances. Our role as trustee is purely administrative." Holding to the argument that it is not responsible for the foreclosure actions as trustee, U.S. Bank said it intends to bring the servicers into the lawsuit. CMG Gives Fannie Mae Delegation of Authority on Short Sales delegation of authority by San Francisco- based CMG Mortgage Insurance Company. Servicers can now process pre-foreclosure Fannie Mae has been granted blanket short sales or deeds-in-lieu of foreclosure on Fannie Mae-owned or guaranteed loans without obtaining separate mortgage insurer approval from CMG. Servicers must still ensure that short sales and deeds-in-lieu do not impair existing mortgage insurance coverage. 107 AGAIN 20 DWELLING DESIREABLE years experience in REO Continued Customer Satisfaction, and Excellent Client Relations SERVING: Los Angeles, San Bernardino, Riverside and Orange County REO SERVICES PROVIDED: Bid return time 24-48 hours. Total property rehab. Professionally detailing of property. Property inspections (with photos upon request). Interior/exterior detrashing. Quality maid service. Landscaping. Completion photo's attached to invoices (upon request.) AWARDS Fannie Mae Golden Hammer Award, Voted "Best Community Restoration Company Award" by City of Redlands. Recipient of the Willowbrook Home Owners Association Award for Volunteer Work. ORGANIZATION/MEMBERSHIPS: California Mortgage Bankers Association, Member of the Scholarship Foundation of U.N.C.F. CHUCK BURKS SOWEST2@GMAIL.COM c: 909.227.2691 o: 909.982.6899 f: 909.981.2441

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