Tag: stop foreclosure
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Don’t Declare Bankruptcy Before You Need To
Today, many people are deciding to declare bankruptcy. With so many people being laid off, a lot of people are deciding to file for bankruptcy but you need to realize that it is not for everyone. There are other ways to pay off debt without going to such an extreme; indeed, an option that should…
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How and When to Reopen a Bankruptcy Case
Sometimes people want to reopen a closed bankruptcy case because they failed to invoke important procedures while their bankruptcy case was open. Fortunately it’s usually possible to reopen the bankruptcy and play catch-up. Common reasons for wanting to reopen a bankruptcy case include: failing to timely file an Official Form 23 (pre-discharge counseling certification) failing…
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The Homeowners struggle
Warren op-ed: Banking on Hypocrisy posted by Katie Porter Check out Credit Slips co-blogger Elizabeth Warren’s op-ed on Politico, entitled Banking on Hypocrisy. She quotes extensively from a letter that the American Bankers Association sent to banking regulators in 2006 in opposition to the proposed intra-agency guidance that would have required better underwriting of nontraditional…
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Mortgage servicing and standing
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,…
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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…
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25 year foreclosure from Hell
OKEECHOBEE COUNTY, Fla.—Patsy Campbell could tell you a thing or two about fighting foreclosure. She’s been fighting hers for 25 years. The 71-year-old retired insurance saleswoman has been living in her house, a two-story on a half acre in a tidy middle-class neighborhood here in central Florida, since 1978. The last time she made a…
abc Assignment for benefit of creditors 