Author: timothymccandless

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Cramdown Controversy #2–Will I “Succeed?” posted by Katie Porter Our active readers at Credit Slips already started debating the second controversy about the pending cramdown legislation: is the failure rate of chapter 13 too high to make mortgage modification in bankruptcy a very useful tool? To briefly reprise that discussion and add my own gloss,…

Mortgage Debt & Home Equity

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in bankruptcy

Mortgage Fees in Chapter 13: Rules to the Rescue? posted by Gene Wedoff In a February post to Credit Slips, Katie Porter pointed out a recurring problem for U.S. debtors trying to deal with mortgage defaults through a Chapter 13 plan. They can make all of the payments needed to cure their pre-bankruptcy defaults and…

Foreclosure and Mortgage debt

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in Uncategorized

Bankruptcy Filings Rising Faster Than Expected posted by Bob Lawless In March 2009, data from Automated Access to Court Electronic Records (AACER) report there were almost 131,000 total U.S. bankruptcy filings for a rate of 5,945 filings per business day. That is a 9.2% increase from February and a year-over-year increase of 38.1%. It also…

“Bankruptcy Data”

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in Uncategorized

131 posts categorized “Bankruptcy Data” Big-Bankruptcy Empirical Research Post-Op (3): Jack-knife Fights and Pencils in Zimbabwe posted by Jonathan Lipson If you have followed me this far–and it’s understandable if you haven’t–you might be curious to know what ultimately came of LoPucki’s Big-Bankruptcy Empirical Research Conference, which I “live-blogged” (is that a verb?) yesterday. The…

workout “works”

Feb 22, 2011

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in Uncategorized

San Diego Developer Uses Commercial Loan Workout Specialist to “Fight the Bank” and Save Investors San Diego-based commercial real estate workout firm Breakwater Equity Partners saves investor equity through a creative workout process. ShareThis Email PDF Print Most of our clients are very sophisticated developers or investors, but they do not realize how much leverage…

Daily Finance | Fixing Massachusetts Foreclosures Won’t Be So Easy (via Foreclosureblues)

Jan 14, 2011

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Daily Finance | Fixing Massachusetts Foreclosures Won’t Be So Easy Today, January 14, 2011, 7 minutes ago | Foreclosure Fraud Fixing Massachusetts Foreclosures Won’t Be So Easy By ABIGAIL FIELD Last week, the top court in Massachusetts handed down a ruling chastising banks for their “carelessness” during the securitization of Massachusetts mortgages. That carelessness has…

Is The Fix In- Will The Wall Street Banks Beat Down The New Jersey Court? (via Foreclosureblues)

Jan 14, 2011

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Is The Fix In- Will The Wall Street Banks Beat Down The New Jersey Court? Today, January 14, 2011, 52 minutes ago | Matthew D. Weidner, Esq. I’m increasingly concerned that the banks and institutions, the Wall Street Fat Cats are too powerful, that they in fact own and control this country, everyone in it…

HOUSING PRICE DROP TOPS GREAT DEPRESSION AND IS GOING LOWER

Jan 14, 2011

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HOUSING PRICE DROP TOPS GREAT DEPRESSION AND IS GOING LOWER COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary appraisal-fraud-description-and-new-rules EDITOR’S NOTE: The Great Depression showed us that housing prices could drop 25.9%. The Great “recession” has now passed that drop and so far, has fallen 26%. There IS a difference however. In the…

Recent Massachusetts High Court Ibanez Ruling Leaves Question On 3rd Party Bona Fide Purchaser Unanswered (Or Did It?) (via Foreclosureblues)

Jan 13, 2011

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Thursday, January 13, 2011 Recent Massachusetts High Court Ibanez Ruling Leaves Question On 3rd Party Bona Fide Purchaser Unanswered (Or Did It?) One question that the Massachusetts Supreme Judicial Court in the recent Ibanez ruling left unanswered is noted in this excerpt from Justice Robert J. Cordy's concurring opinion, with whom Justice Margot Botsford joined:…

2010 – The year foreclosurefraud makes case law! (via Foreclosureblues)

Jan 13, 2011

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