The Wisconsin Legislature is considering mortgage foreclosure reform. David Leibowitz will testify and offer suggestions to improve the process and to require lenders to give homeowners important information they need to defend mortgage foreclosures in court.
January 2009
The 2005 amendments to the Bankruptcy Code created a very complex rule to discourage folks from moving around the country to protect more property. But the same amendments encourage people to do so if it helps avoid that same law. One aspect of the law we have come to hate is the change to discourage [...]
A recent report by Credit Suisse estimates that bankruptcy modification of home loans will help reduce foreclosures by 20 percent and will help stabilize the housing market according to a Reuters article. Proposals to permit U. S. bankruptcy judges to modify the terms of loans secured only by the personal residence of the debtor are [...]
Lakelaw is proud to announce that it is the only law firm in the State of Wisconsin to receive funding from the WIsconsin Housing and Economic Administration to fight foreclosures. Working side by side with the Legal Aid Society of Milwaukee, Lakelaw will be working with homeowners all over Southeast Wisconsin to help them save [...]
Judge Wedoff of the United States Bankruptcy Court for the Northern District of Illinois has issued an opinion where he tries to harmonize conflicting opinions about what constitutes “projected monthly income.” This is highly important in determining how much a debtor has to pay under a plan.
The mortgage and banking industry will do everything it can to thwart mortgage modification legislation – unless you demand your Congressmen and Senators to help homeowners fight mortgage foreclosure — NOW!
