Tag: mortgage meltdown
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Chapter 11 Bankruptcy basic
Chapter 11 bankruptcy is a reorganization procedure used by businesses, including sole proprietors, partnerships, and corporations. The debtor in chapter 11 files a petition which includes a list of assets and liabilities, and a detailed statement of financial affairs. The debtor will typically act as his own trustee, called a “debtor in possession”,…
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Mortgage Debt & Home Equity
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…
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Foreclosures May Be Undone by State Ruling on Mortgage Transfer
Categorized | STOP FORECLOSURE FRAUD Foreclosures May Be Undone by State Ruling on Mortgage Transfer Posted on06 January 2011. Tags: AMICUS BRIEF, antonio, assignment of mortgage, boston, dinsfla, foreclosure fraud, glenn f. russell, ibanez, jamie ranney, laRace, marie mcdonnell, mark and tammy, massachusetts, mcdonnell analytics, MERS, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., pooling and servicing agreement,…
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Why modify
California Loan Modification Lawyer (Effective October 11, 2009 The McCandless Firm complies with SB 94) By now, you may have made your own attempts at loan modification. You now know what we have known: Despite all the government and media hype, the voluntary loan modifications are not the silver bullet to the foreclosure crisis. Even…
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Foreclosure Deed may be Voided by Mortgage Transfer or Servicing Problems
By Max Gardner A Federal District Court, in a December 7 order, has denied a motion to dismiss a homeowner’s lawsuit to set aside the nonjudicial Missouri foreclosure sale based on a deed of trust, based on allegations that 1) the homeowner was not in default and 2) the nonjudicial sale was baed on an…
abc Assignment for benefit of creditors 