Q: I just got a Notice of Default from my mortgage company. My friend told me I could stop the foreclosure process by demanding that the bank “produce the note.” What does this mean and will it really work? Thank you,  Louise A: The “produce the note” defense to foreclosure is touted by many on the Internet —people ask us for the forms needed to do that almost every day. The theory is that because loans are frequently transferred it may be difficult, if not impossible, for your mortgage company to trace the ultimate ownership of your specific loan. To foreclose, the lender must actually be current holder of the note, and a homeowner can delay foreclosure by filing a lawsuit demanding thi

The City Council on Tuesday revisited the city’s 2003 loan agreements with the Sacramento Kings and decided to keep them in effect. City Treasurer Russ Fehr said he discovered the possible issue with the old loan agreement a few months ago. He said he discussed the matter with City Attorney Eileen Teichert, and she suggested that the current City Council examine the contract because it didn’t go before council members in 2003. The Kings’ remaining debt to the city is $68 million, according to Fehr. In 1997, the Kings and the city signed a contract that permitted the Kings to pay back its loans to the city after reimbursing $30 million in debt to another party, Fehr said. Then, in 2003,

Small business owners from the Sacramento area gathered Wednesday at the U.S. Small Business Administration office in Citrus Heights for a workshop organized by U.S. Rep. Doris Matsui's office. For two hours, more than 30 business owners such as Michael Kyalwazi met with representatives from a dozen lenders and resource organizations. Entrepreneurs like him were drawn there for one thing: finding financing in this troubled economy. "It's sad so much money is flying out there but it's not reaching small businesses, which are the engine that drives the economy," he said. Kyalwazi worked his way up the ladder at La Bou Bakery & Cafe. He started as a floor sweeper and, over 20 years, became

Voyage Home Loans and Angelwish, an international non-profit organization that empowers busy people to grant the wishes of children infected and/or affected with HIV/AIDS, have partnered to sponsor a giving spree to benefit Angelwish kids.   The giving spree will take place at the G. Willikers Toy Emporium at 8:00 AM on Saturday, March 6. Local Sacramento children will be purchasing $3,200 worth of toys, books, games, and other gifts for the Angelwish children and their families. The event was made possible through the generous contributions of Voyage employees, whose donations were matched by the company.   "Angelwish is thrilled to be working with the employees of Voyage in engaging

Sacramento, Calif. — In an employee-led initiative, Voyage Home Loans donated over eight hundred dollars to UNICEF’s ongoing humanitarian relief effort for children in Haiti. The donations were collected by members of a team from KDND 107.9 “The End” in Sacramento. The contributions were a part of Voyage’s new Social Good Directive, which hopes to promote local, regional, and global Social Good awareness through Facebook in 2010. The project was led by Voyage’s Carly Harrington and Corinne Blackney, who quickly and efficiently brought the employees together and organized the donations in slightly over an hour’s time after hearing about The End’s efforts via the “Wake Up Call” morning show