According to a recent report by the Mortgage Asset Research Institute, mortgage fraud nationwide jumped 42 percent in the first quarter of 2008, with Florida reporting the highest number of cases. Florida accounted for 24 percent of all material misrepresentations for loans originated during the first quarter of 2008, according to the institute’s press release. California [...]
August 2008
There are many posts in these pages and on Mortgage Law Network about the types of foreclosures and the fact that a bankruptcy filing can stop the process. But what happens then? Just because in most states a bankruptcy stops a foreclosure (but see Gene Melchionne’s article on Connecticut foreclosures), it doesn’t end it. The [...]
Loan modifications on troubled mortgages are few and often faulty.
Student Loans are generally not dischargeable in bankruptcy, and there is no statue of limitations on their collection. This makes it very difficult to get away from a student loan, and now it appears that the bar has been raised and it is even harder to receive a hardship discharge from a student loan in [...]
Bankruptcy is our issue on this blog. Bankruptcy is on the minds of our clients, and the Bankruptcy debate is now back in full swing with the recent announcement of Senator MBNA a/k/a Senator Joe Biden being selected as Senator Barack Obama’s Vice Presidential choice. Even if we forget all the comments made by Senator Biden [...]
