In America, “Thou shalt protect your credit rating” is the Eleventh Commandment. Some folks track their credit score the way cardiologiststrack blood pressure and cholesterol. It’s true: Your Fico score is important. What you pay for credit will start – and sometimes end – with that one number, generated by the secretive math wizards at [...]
March 2007
Mistakes on mortgages are being made as lenders take the ultimate risk to cut costs to the bone to compete. Are you in a state where an attorney normally does the real estate closing? Have you heard those radio or TV ads that promise no application costs, no points, no appraisal fees, and no closing [...]
It is no secret that lenders have been doing some pretty crazy things over the last few years to feed the real estate frenzy that took place nationwide from about 2000 until 2006. It is also no secret that the housing market bubble has burst, and home values have been steadily declining over the past [...]
In Part Two we discussed how the Servicemembers Civil Relief Act (SCRA) can stay court and administrative proceedings brought by creditors. In this part, we will discuss how the SCRA can help you by lowering interest rates.
Bankruptcy law is a very specialized area of the law. Like the practice of medicine, the practice of law has become increasingly specialized, and bankruptcy is one of the areas of the law that demands specialization. It is difficult, if not impossible, to maintain an acceptable level of competence without specialization. When a professional specializes, [...]
Once your bankruptcy has been filed most companies will no longer send you invoices or statements; you will be responsible for making your monthly payment on time, to the address you have always sent payments to, even though you will no longer receive correspondence requesting payment from the lender. Most lenders will send a receipt [...]
